**VICI Properties Invests $300M in One Beverly Hills to Launch Partnership with Cain, Eldridge**
VICI Properties Inc., Cain International, and Eldridge Industries have announced a strategic partnership focused on investing in high-growth, experience-driven real estate. As part of this collaboration, VICI has made a $300-million investment into a mezzanine loan for One Beverly Hills, a landmark 17.5-acre luxury mixed-use development currently under construction.
“Since VICI emerged in 2017, we have grown our company by growing our relationships,” said VICI CEO Edward Pitoniak. “We have identified Cain International and Eldridge Industries as partners we intend to grow with for years to come. We’re excited to begin our relationship with VICI’s commitment to One Beverly Hills, a powerful example of Cain’s distinct ability to envision and develop compelling experiential complexes in the world’s leading destinations.”
One Beverly Hills will be anchored by Aman Beverly Hills, featuring Aman’s first West Coast hotel, Aman-branded residences, and Aman Club. The project is expected to be completed by late 2027.
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
