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VICI Properties Inc. Increases Involvement in One Beverly Hills Financing & Extends Strategic Relationship With Cain and Eldridge Industries
VICI Properties Inc. has significantly increased its financial commitment to the One Beverly Hills luxury mixed-use project by expanding its mezzanine loan to $1.5 billion, building on its existing $450 million investment. This expansion deepens VICI’s strategic relationship with developers Cain and Eldridge Industries, formalized through a non-binding letter of intent to create an Experiential Cross-Capital Venture (ECCV). The ECCV aims for the three companies to jointly identify, pursue, and fund experiential investment opportunities, with VICI’s returned capital from the current loan intended for future projects within this expanded partnership.