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GLPI agrees to acquire Sunland Park real estate for $183.75 million

Deals & M&A

Gaming and Leisure Properties agreed to acquire the real estate assets of Sunland Park Racetrack & Casino in New Mexico for $183.75 million, according to the report. The transaction carries an initial 8.2% cap rate and is expected to close on 15 October. The assets would join GLPI’s lease with Strategic Gaming Management, with annual rent escalating by 2.0%.

The acquisition would add Sunland Park to GLPI’s property portfolio and expand its lease relationship with Strategic Gaming Management.

End-of-day close Gaming and Leisure Properties (GLPI), USD, to 14 November 2025
Story date18 August 202514 November 2025

Latest reported results

Gaming and Leisure Properties Nasdaq: GLPI

Quarter ended 30 September 2026

Revenue
USD 435.4m10-Q filing 0001575965-26-000072
Operating income
USD 309.9m10-Q filing 0001575965-26-000072

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