VICI Properties Inc. Announces Expanded Investments With Existing Partners Chelsea Piers and Cabot - Seite 2

Key Comments from VICI

• Iconic Experiential Assets - Edward Pitoniak, VICI Chief Executive Officer: “We are honored to expand our partnerships with two of the world’s best experiential place makers and operators, Chelsea Piers and Cabot. Our total commitment of nearly $550 million of capital expresses our conviction in the ability of Cabot and Chelsea Piers to create indelible experiences that lead, for decades to come, to enduring relationships with their very valuable customer bases. Because of Chelsea Piers we are now proud owners of an iconic New York experiential riverfront real estate asset, and because of Cabot we are now invested in one of the world’s emerging great destinations, the Scottish Highlands, and on the incomparable oceanfront of Saint Lucia.”
• Conversion of Financing Partnership – David Kieske, VICI EVP and Chief Financial Officer: “When we made our first non-gaming investment and initiated the Chelsea Piers relationship in 2020, we took care to set the stage for our long-term strategy of real estate ownership. We are proud to announce today’s leasehold interest acquisition as VICI’s first financing partnership conversion, and we are excited to do so alongside Chelsea Piers with their irreplaceable New York City asset.”
• International Expansion - Samantha Gallagher, VICI EVP and General Counsel: “The relationship we developed with Cabot in the formation of our Cabot Citrus Farms investment has provided a platform of shared understanding and trust that has enabled us to expand this relationship. The Cabot relationship has also added to VICI’s geographic diversity, with our first investments in the Caribbean and in the United Kingdom. We are particularly excited at the prospect of being a long-term investor and real estate owner at Cabot Highlands, the first fully integrated golf resort in the world’s foremost pilgrimage golf region, the Scottish Highlands.”

Key Comments from Our Partners

• Fuel for Growth - Ben Cowan-Dewar, Cabot Founder and Chief Executive Officer: “At Cabot, we seek to envision, develop and operate golf destinations like Cabot Saint Lucia and Cabot Highlands that rank among the World Top 100. With these two properties, we believe we have very compelling opportunities to create resorts that can further enhance Cabot’s standing as the pre-eminent international luxury golf resort brand. VICI is proving to be a vital capital partner in our global expansion, and we look forward to continuing to work with VICI as we grow our network.”
• Essential Partnership - Roland Betts, Chelsea Piers Chairman and Co-Founder: “VICI’s partnership with Chelsea Piers has been essential over the last 3+ years. From the start of our relationship with the loan facility in 2020 to the leasehold interest transaction announced today, Ed and team have supported our deep conviction around the vitality and irreplaceability of what Chelsea Piers contributes to the New York community.”

In addition to this release, the Company has furnished Transaction Overview presentations. Both are available on VICI’s website in the “Investors” section, under the menu heading “Events & Presentations.” For both presentations, please visit https://investors.viciproperties.com/events-and-presentations/.