Cheryl Rollins's questions to VICI Properties Inc (VICI) leadership • Q2 2025
Question
Cheryl Rollins of Wells Fargo inquired about the rationale for increasing the mezzanine loan investment in the One Beverly Hills project and whether VICI anticipates any fee simple acquisition opportunities to emerge from its recent loan-based relationships.
Answer
EVP & CFO David Kieske explained the increased commitment is part of a larger, multi-billion dollar financing for the project's development, with VICI's role potentially growing as construction financing is finalized. CEO Edward Pitoniak added that VICI anticipates future fee simple acquisition opportunities with partners like Cain International and Eldridge, which was a core part of their strategic alliance.