![]() The property is uniquely positioned as the only integrated resort and casino located in the Boston metropolitan area.On January 31, 2023, Encore Boston Harbor launched in-person sports betting at the resort's WynnBET Sportsbook. In 2022, Massachusetts legalized sports betting.The state-of-the-art asset, which is LEED Platinum certified, was built in 2019 and includes 3.1 million square feet, more than 670 luxury resort accommodations, approximately 10,000 square feet of retail space and more than 2,700 slot machines. ![]() This 30-year, triple net lease includes favorable annual rent escalators linked to CPI and was purchased at a discount to replacement cost.Realty Income’s entry into gaming demonstrates that its growth opportunities are unconstrained by industry or property type.In 2022, Realty Income purchased the Wynn Encore Boston Harbor Resort and Casino for $1.7 billion at a 5.9% cash cap rate.
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