MGM real estate subsidiary files for IPO

Posted online March 23, 2016 | 11:32 am

MGM Resorts International’s new real estate subsidiary yesterday filed for an initial public offering.

Dubbed MGM Growth Properties LLC, the company would own 10 of its parent's properties.

In the IPO, MGM Growth plans to initially raise as much as $100 million. Its target is $1 billion.

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