Financial GuidanceO increased acquisition guidance to over $6B in conjunction with the announcement of an $800M perpetual preferred equity investment in the real estate of Blackstone's owned CityCenter.
Investment StrategyO announced its second investment with Blackstone, through an $800M perpetual preferred investment in the premier Aria and Vdara in City Center at a 7.4% interest rate.
Occupancy And DemandOccupancy increased to 98.7%, indicating strong demand for properties.