XML 78 R55.htm IDEA: XBRL DOCUMENT v3.25.0.1
Real Estate Transactions - MGM Grand/Mandalay Bay JV (Details)
$ in Thousands
12 Months Ended
Jan. 09, 2023
USD ($)
renewal
Dec. 31, 2024
USD ($)
renewal_option
Dec. 31, 2023
USD ($)
Jan. 08, 2023
Apr. 29, 2022
USD ($)
Business Acquisition          
Contractual annual rent amounts     $ 291,500    
Investments in leases - sales-type, net [1]   $ 23,581,101 $ 23,015,931    
Minimum          
Business Acquisition          
Number of renewal options | renewal_option   1      
Lessor, sales-type lease, renewal term   5 years      
MGM Grand/Mandalay Bay Lease          
Business Acquisition          
Contractual annual rent amounts $ 309,900       $ 303,800
Initial lease term 27 years        
Number of renewal options | renewal 2        
Lessor, sales-type lease, renewal term 10 years        
Annual rent increase, cap percent 3.00%        
MGM Grand/Mandalay Bay Lease | Minimum          
Business Acquisition          
Annual escalation rate 2.00%        
MGM Grand Mandalay Bay JV          
Business Acquisition          
Equity method investment, ownership percentage       50.10% 50.10%
MGM Grand Mandalay Bay Note due 2030          
Business Acquisition          
Interest rate, stated percentage 3.558%        
MGM Grand Mandalay Bay JV          
Business Acquisition          
Interest acquired 49.90%        
Payments to acquire productive assets $ 1,261,882        
Contractual annual rent amounts 151,600        
Investments in leases – sales-type 5,494,351        
Investments in leases - sales-type, net 210,000        
MGM Grand Mandalay Bay JV | MGM Grand Mandalay Bay Note due 2030          
Business Acquisition          
Liabilities incurred 1,497,000        
MGM Grand Mandalay Bay JV | MGM Grand Mandalay Bay Note due 2030 | MGM Grand Mandalay Bay JV          
Business Acquisition          
Liabilities incurred $ 3,000,000        
[1] As of December 31, 2024 and December 31, 2023, our Investments in leases - sales-type, Investments in leases - financing receivables, Investments in loans and Other assets (sales-type sub-leases) are net of $802.7 million, $737.1 million, $25.0 million and $20.6 million, respectively, and $701.1 million, $703.6 million, $29.8 million, and $18.7 million, respectively, of Allowance for credit losses. Refer to Note 5 - Allowance for Credit Losses for further details.