Key Takeaways Realty Income is investing $800M in preferred equity tied to CityCenter Las Vegas assets.The deal offers a 7.4% initial return with escalators and an 8.325% IRR make-whole clause.CityCenter's long-term triple net lease and strong cash flow underpin the investment's appeal.Realty Income (O) is expanding its reach with an $800 million perpetual preferred equity investment in the CityCenter Las Vegas assets, giving the REIT exposure to the ARIA Resort & Casino and Vdara Hotel & Spa, currently own ...