Boston Business Journal

Wynn to Sell Encore Boston Harbor Real Estate for $1.7B

Wynn Resorts plans to sell the land and real estate of Encore Boston Harbor to Realty Income for $1.7 billion in cash, but will continue to operate the casino.

Wynn said the sale-leaseback deal of its Everett casino to San Diego-based Realty Income has Wynn leasing back at an initial total annual rent of $100 million for an initial term of 30 years, with a second 30-year tenant-renewal option included.

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