We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
VICI Properties Expands Relationship With Cain & Eldridge Industries
Read MoreHide Full Article
Key Takeaways
VICI Properties provided a $1.5B mezzanine loan for the One Beverly Hills development.
The loan adds $1.05B to VICI's prior $450M investment in the luxury mixed-use project.
One Beverly Hills will feature botanical gardens and open space with retail, dining, and cultural experiences.
VICI Properties, Inc. (VICI - Free Report) announced that it has deepened its long-term relationship with Cain and Eldridge Industries by providing a $1.5 billion mezzanine loan for One Beverly Hills. This loan is positioned behind a $2.8 billion senior loan commitment led by J.P. Morgan (JPM), forming part of the overall construction financing.
The VICI’s mezzanine loan marks a $1.05 billion incremental commitment atop VICI’s existing $450 million investment in the project. It represents the first outcome of VICI’s previously announced long-term strategic relationship with Cain and Eldridge Industries.
Cain is developing One Beverly Hills, a 17.5-acre luxury mixed-use project, master-planned by Foster + Partners. Alongside its hospitality and residential offerings, One Beverly Hills will feature 10 acres of botanical gardens and open space with high-end retail, dining, and cultural experiences.
The One Beverly Hills construction began in 2024, kicking off vertical works beginning in fall 2025, with phased delivery scheduled to commence in 2027. The VICI mezzanine loan features a 4-year initial term plus one 12-month extension option, with funds to be disbursed gradually over the course of the initial term for steady monthly capital deployment. VICI plans to fund the investment with cash on hand.
As part of VICI's expanded role in financing the One Beverly Hills development, Cain, Eldridge Industries, and VICI have agreed in principle, pursuant to a non-binding letter of intent, to deepen their strategic relationship, originally announced in February 2025.
VICI Properties' relationship with Cain and Eldridge Industries creates mutual opportunities: VICI can back their experiential investment activities, while they could support VICI in return, with capital potentially being committed in both directions.
In the past three months, shares of this Zacks Rank #3 (Hold) company have declined 2.2% against the industry's increase of 1%.
The Zacks Consensus Estimate for LAND’s 2026 FFO per share is pinned at 43 cents. This indicates year-over-year growth of 10.3% for 2026.
The Zacks Consensus Estimate for PDM’s 2026 FFO per share is pegged at $1.49. This implies year-over-year growth of 5.7% for 2026.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
VICI Properties Expands Relationship With Cain & Eldridge Industries
Key Takeaways
VICI Properties, Inc. (VICI - Free Report) announced that it has deepened its long-term relationship with Cain and Eldridge Industries by providing a $1.5 billion mezzanine loan for One Beverly Hills. This loan is positioned behind a $2.8 billion senior loan commitment led by J.P. Morgan (JPM), forming part of the overall construction financing.
The VICI’s mezzanine loan marks a $1.05 billion incremental commitment atop VICI’s existing $450 million investment in the project. It represents the first outcome of VICI’s previously announced long-term strategic relationship with Cain and Eldridge Industries.
Cain is developing One Beverly Hills, a 17.5-acre luxury mixed-use project, master-planned by Foster + Partners. Alongside its hospitality and residential offerings, One Beverly Hills will feature 10 acres of botanical gardens and open space with high-end retail, dining, and cultural experiences.
The One Beverly Hills construction began in 2024, kicking off vertical works beginning in fall 2025, with phased delivery scheduled to commence in 2027. The VICI mezzanine loan features a 4-year initial term plus one 12-month extension option, with funds to be disbursed gradually over the course of the initial term for steady monthly capital deployment. VICI plans to fund the investment with cash on hand.
As part of VICI's expanded role in financing the One Beverly Hills development, Cain, Eldridge Industries, and VICI have agreed in principle, pursuant to a non-binding letter of intent, to deepen their strategic relationship, originally announced in February 2025.
VICI Properties' relationship with Cain and Eldridge Industries creates mutual opportunities: VICI can back their experiential investment activities, while they could support VICI in return, with capital potentially being committed in both directions.
In the past three months, shares of this Zacks Rank #3 (Hold) company have declined 2.2% against the industry's increase of 1%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Gladstone Land (LAND - Free Report) and Piedmont Realty Trust, Inc. (PDM - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for LAND’s 2026 FFO per share is pinned at 43 cents. This indicates year-over-year growth of 10.3% for 2026.
The Zacks Consensus Estimate for PDM’s 2026 FFO per share is pegged at $1.49. This implies year-over-year growth of 5.7% for 2026.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.