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Vici Properties10-K: Restructuring

Restructuring Northfield Park lease, transitioning tenant from MGM to Clairvest Group

What happened

VICI is severing the Northfield Park property from its MGM Master Lease and creating a new 25-year, $53M/year lease with Clairvest Group.

Source

SEC EDGARFeb 25, 2026

Annual report (Form 10-K)

Vici Properties 10-K for FY2025

Filing excerpt

On October 16, 2025, we announced that, in connection with MGM’s agreement to sell the operations of Northfield Park (“Northfield Park”), located in Northfield, Ohio, to an affiliate of funds managed by Clairvest Group Inc. (“Clairvest”), we agreed to enter into (i) a new triple-net lease agreement with an affiliate of Clairvest with respect to the real property of Northfield Park (“Northfield Park Lease”) and (ii) an amendment to the existing MGM Master Lease in order to account for MGM’s divestiture of the operations of Northfield Park...

sec.gov/Archives/edgar/data/1705696/000170569626000034/vici-20251231.htmRead the full source

Other signals in this filing (10)

Extracted by Autobound

From the Signal API record
Signal
10-K: Restructuring

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 25, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$53M (Initial annual base rent for new Northfield Park Lease)

Details

CIK
1705696
Accession number
0001705696-26-000034
Timeframe
Next year
Filing year
2026
Why it matters
Change management needs
Signal category
Workforce

Topics and mentions

Vendors

  • MGM
  • Clairvest Group Inc.

Regions named

  • North America

Extraction

Confidence
High
Relevance
80%
Sentiment
Neutral
Detected
Mar 3, 2026
signal_type
sec-10k
signal_subtype
restructuring

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This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/4bc7ccbe-ac30-4621-afad-1df4e4c8d96b returns this record as JSON. POST /v1/companies/enrich returns every signal for viciproperties.com.

{
  "signal_id": "4bc7ccbe-ac30-4621-afad-1df4e4c8d96b",
  "signal_type": "sec-10k",
  "signal_subtype": "restructuring",
  "detected_at": "2026-03-03T05:57:19.016+00:00",
  "company": {
    "name": "Vici Properties",
    "domain": "viciproperties.com"
  },
  "data": {
    "detail": "VICI is severing the Northfield Park property from its MGM Master Lease and creating a new 25-year, $53M/year lease with Clairvest Group. This change in operator and lease structure for a major property presents an opportunity to engage with the new tenant, Clairvest, on their operational needs.",
    "metrics": {
      "timeframe": "next_year",
      "dollar_context": "Initial annual base rent for new Northfield Park Lease",
      "dollar_millions": 53
    },
    "summary": "Restructuring Northfield Park lease, transitioning tenant from MGM to Clairvest Group",
    "excerpts": "On October 16, 2025, we announced that, in connection with MGM’s agreement to sell the operations of Northfield Park (“Northfield Park”), located in Northfield, Ohio, to an affiliate of funds managed by Clairvest Group Inc. (“Clairvest”), we agreed to enter into (i) a new triple-net lease agreement with an affiliate of Clairvest with respect to the real property of Northfield Park (“Northfield Park Lease”) and (ii) an amendment to the existing MGM Master Lease in order to account for MGM’s divestiture of the operations of Northfield Park...",
    "relevance": 0.8,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1705696/000170569626000034/vici-20251231.htm",
    "filing_date": "2026-02-25",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Change management needs",
    "signal_category": "workforce",
    "regions_mentioned": [
      "North America"
    ],
    "vendors_mentioned": [
      "MGM",
      "Clairvest Group Inc."
    ]
  }
}

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