This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Dive Brief: Realty Income has signed a definitive agreement to make an $800 million perpetual preferred equity investment in the real estate of Las Vegas’ CityCenter complex, comprising Aria Resort & Casino and Vdara Hotel & Spa, the company announced Tuesday. The property is owned by funds affiliated with Blackstone Real Estate, which will retain 100% of the common ...

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]