Core Insights - Realty Income has signed a definitive agreement for an $800 million perpetual preferred equity investment in Las Vegas' CityCenter complex, which includes Aria Resort & Casino and Vdara Hotel & Spa [8] - The investment marks Realty Income's second collaboration with Blackstone Real Estate, following a previous $950 million investment in the Bellagio Las Vegas [4][8] - The deal is expected to close on December 9, and Realty Income will retain a right of first offer on future sales of common equity interests in the CityCenter real estate by Blackstone [6] Financial Implications - The investment is anticipated to provide Realty Income investors with a favorable initial yield and internal rate of return (IRR) profile, according to CEO Sumit Roy [3] - The deal will also return significant capital to Blackstone investors while maintaining their ownership stake in a high-value resort [3] Market Context - The CityCenter deal allows Realty Income to access another iconic property on the Las Vegas Strip, enhancing its portfolio in a market with increasing demand [5] - MGM Resorts has reported steep declines in revenue per available room (RevPAR) in Q3 2025, indicating challenges in the Las Vegas market [6]

Core Insights - Axonic Insurance has raised $210 million in preferred equity, led by LuminArx Capital Management with participation from Deutsche Bank [1][2] - The funding will support Axonic Insurance's expansion in retail and institutional distribution, as well as enhance its technology and product offerings [2] Company Overview - Axonic Insurance is a fully owned subsidiary of Axonic Capital, which manages $7 billion in assets and focuses on structured credit and real estate debt and equity [2] - The company specializes in creating, issuing, distributing, and administering annuities and related products for individual and institutional clients globally [1] Funding Details - Deutsche Bank Securities acted as the exclusive structuring and placement agent for the funding transaction [3] - The capital raising initiative was led by Deutsche Bank's FIG Structuring & Solutions team, which specializes in customized capital solutions [3] Leadership and Strategic Vision - CEO Michael Gordon expressed appreciation for the support from LuminArx and Deutsche Bank, highlighting their alignment with the company's growth strategy [4] - LuminArx partner Sanjeev Mordani noted excitement in supporting Axonic Insurance's growth momentum [4] - Deutsche Bank's Philippe Kremer acknowledged Axonic Insurance's significant expansion in the fixed annuities space and its innovative operations [4] Product Development - Earlier in the year, Axonic Insurance selected Hexure's FireLight e-application platform to launch its Waypoint Multi-Year Guaranteed Annuity product [5]

Group 1 - The article invites active investors to join a free trial and engage in discussions with sophisticated traders and investors [1] Group 2 - There is a potential for the author to initiate a long position in DLR.PR.L within the next 72 hours [2]