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Greenberg Traurig Provides Counsel to Blackstone Real Estate Income Trust in Joint Venture’s Acquisition of MGM Grand and Mandalay Bay Real Estate

LAS VEGAS – Feb. 14, 2020 – Global law firm Greenberg Traurig, LLP served as Nevada and Gaming counsel to Blackstone Real Estate Income Trust (“BREIT”) in a joint venture with MGM Growth Properties LLC to acquire the Las Vegas real estate assets of MGM Grand and Mandalay Bay for $4.6 billion. Greenberg Traurig also served as water rights counsel to Blackstone, in connection with its acquisition of the permitted and certificated water rights associated with the properties.

“We are excited to have assisted BREIT on this landmark gaming transaction,” said Real Estate Shareholder Jim Mace, who led Greenberg Traurig’s deal team. “This was a significant transaction that involved cooperation between experienced attorneys from GT’s Real Estate, Gaming and Environmental Practices.”

In addition to Mace, Greenberg Traurig’s deal team included Shareholder Mark A. Clayton (Chair of Greenberg Traurig’s Global Gaming Practice); Shareholder Gregg Vermeys (Real Estate); Shareholder Jonathan I. Lessner (Corporate); Of Counsel Chris Thorne (Real Estate and Energy & Natural Resources); Associate Pete J. Georgis (Real Estate and Corporate); Associate David Edington (Real Estate); and Paralegal Trisha Lamb.

About Greenberg Traurig's Real Estate Practice: The Greenberg Traurig Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive counsel for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of more than 400 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, Latin America, and Asia. The group’s clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm’s real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.

About Greenberg Traurig’s Global Gaming Group: Greenberg Traurig’s Global Gaming Group focuses not only on casino operations, but also addresses lotteries, pari-mutuel wagering, charitable gaming, tribal gaming, and internet gaming, where permitted by law. Members of the practice have varied backgrounds and are located throughout the firm’s offices, allowing them to assist gaming clients in this highly regulated industry across multiple U.S. jurisdictions and internationally. The practice’s focus includes the representation of casino owners, operators and executives, gaming manufacturers and suppliers, private equity firms, and investment banks on gaming related matters.

About Greenberg Traurig’s Energy & Natural Resources Practice: Greenberg Traurig’s Energy & Natural Resources Practice has broad transactional, regulatory, and litigation experience across many sectors of the energy industry and relating to natural resources, including water and water rights, oil and gas, LNG, electricity, coal, wind, solar and other renewable energy sources. The firm’s exceptional multi-office platform, including key offices in major energy centers, enables us to serve and implement legal strategies for energy and natural resource related clients throughout the U.S. and internationally.

About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has approximately 2100 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: Twitter: @GT_Law.