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Real Estate, Gaming & Leisure

Advisory and capital-raising services for companies and financial sponsors.

Real Estate, Gaming & Leisure Group

Serving clients in real estate, gaming, lodging, and leisure.

Stifel provides a range of advisory and capital raising services to companies across numerous sectors, including gaming, lodging, leisure, Real Estate Investment Trusts (REITs), Real Estate Operating Companies (REOCs), and U.K. Investment Funds with extensive experience in public underwriting of common stock, preferred stock, convertible securities, hybrid securities, and debt securities. The Group also performs financial advisory services, offering valuation, negotiation and execution expertise on mergers & acquisitions as well as providing fairness opinions and corporate structuring advice.

Areas of Expertise

Real Estate

The Real Estate Investment Banking Group provides advisory and capital-raising services to Real Estate Investment Trusts (REITs) and Real Estate Operating Companies (REOCs). Our professionals have extensive experience in public underwriting of common stock, preferred stock, convertible securities, hybrid securities, and debt securities. Additionally, the Group engages in private financing activities, including initiating, structuring, and negotiating joint ventures, entity-level private placements, and Rule 144A private placements. The Group also performs financial advisory services, offering valuation, negotiation and execution expertise on mergers & acquisitions as well as providing fairness opinions and corporate structuring advice to management teams and Boards of Directors.

Gaming & Leisure

The Gaming, Lodging & Leisure Investment Banking Group provides a range of advisory and capital-raising services to leading public and private companies and institutional investors across numerous sectors. The Group offers its domestic and international clients advice and execution on mergers & acquisitions, capital raising (public and private equity, leveraged loans, high-yield debt, mezzanine financing), restructurings, and other financial advisory services, including fairness opinions. Areas of expertise include:

  • Online Gaming Operators and Technology Providers
  • Sports Betting Operators and Technology Providers
  • Brick-and-Mortar Casino Operators
  • Gaming and Entertainment REITs
  • Slot and Floor Equipment Manufacturers
  • Digital and Traditional Lottery Companies
  • Native American Gaming
  • Hotels, Resorts, and other Lodging Companies
  • Cruise Lines, Sports Clubs, Ski Resorts, Amusement Parks, and other Leisure Companies

Investment Funds

Stifel’s U.K. Investment Funds team implement long-term equity-issuance growth strategies and secondary market promotional activities.  Stifel is a leading corporate finance adviser to more than 20 retained investment funds clients with an average market cap of over £500 million, with a leading track record for primary fundraising, through IPOs, follow-on raises, and regular issuance.

Our Investment fund trading desk and accompanying leading automated retail electronic trading desk have extensive relationships across institutional investors, private wealth managers, and execution-only platforms.

A leading partner in the gaming and real estate industries.

Get in touch with Stifel

Notable Transactions

Gladstone Preferred Stock

$ 100,000,000

Preferred Stock
Real Estate | June 2021
888 Holdings/ABG M&A
Mergers & Acquisitions
Gaming & Leisure | June 2021
Alpine Follow-on

$ 49,840,000

Follow-on Offering
Real Estate | June 2021
Tricon Residential – Follow-on

C$ 175,000,000

Follow-on Offering
Real Estate | May 2021
Essential Properties 04-2021
Follow-on Offering
Real Estate | April 2021
Netstreit Corp. 04-2021

$ 177,023,991

Follow-on Offering
Real Estate | April 2021
Global Medical REIT 03-2021

$ 99,750,000

Follow-on Offering
Real Estate | March 2021
Omega 03-2021

$ 700,000,000

Senior Notes
Real Estate | March 2021
Realty Income Corporation 01-2021

$ 599,050,000

Follow-on Offering
Real Estate | January 2021
Medical Properties Trust 01-2021

$ 641,600,000

Follow-on Offering
Real Estate | January 2021
Global Net Lease 12-2020

$ 500,000,000

Senior Notes
Real Estate | December 2020
Medical Properties Trust 12-2020

$ 1,300,000,000

Senior Notes
Real Estate | December 2020
Soul Community Planet 12-2020

$ 210,000,000

Private Placement
Real Estate | December 2020
NeoGames 11-2020

$ 93,987,050

Initial Public Offering
Gaming & Leisure | November 2020
Gaming and Leisure Properties 11-2020

$ 333,500,000

Follow-on Offering
Gaming & Leisure | November 2020
Triple Point Social Housing 10-2020

$ 55,000,000

Follow-on Offering
Real Estate | October 2020
Omega Healthcare Investors 10-2020

$ 700,000,000

Senior Notes
Real Estate | October 2020
Supermarket REIT 10-2020

€ 200,000,000

Follow-on Offering
Real Estate | October 2020
Caesars Entertainment 09-2020

$ 1,736,000,000

Follow-on Offering
Gaming & Leisure | September 2020
Penn National Gaming 09-2020

$ 982,100,000

Follow-on Offering
Gaming & Leisure | September 2020
Essential Properties Realty Trust 09-2020

$ 192,300,000

Follow-on Offering
Real Estate | September 2020
NETSTREIT 08-2020

$ 225,000,000

Initial Public Offering
Real Estate | August 2020
Postal Realty Trust 07-2020

$ 45,500,000

Initial Public Offering
Real Estate | July 2020
Global Medical REIT Inc. 07-2020

$ 18,100,000

Mergers & Acquisitions
Real Estate | July 2020
Vici Properties 06-2020

$ 575,900,000

Follow-on Offering
Gaming & Leisure | June 2020
Eldorado Resorts 06-2020

$ 702,000,000

Follow-on Offering
Gaming & Leisure | June 2020
Penn National Gaming (2 deals) 05-2020

$ 675,495,000

Follow-on Offering
Gaming & Leisure | May 2020
SBTech/DraftKing (2 deals) 04-2020

$ 4,197,042,009

Mergers & Acquisitions
Gaming & Leisure | April 2020
Supermarket REIT 04-2020

€ 139,800,000

Follow-on Offering
Investment Funds | April 2020
Assura 04-2020

€ 185,000,000

Follow-on Offering
Investment Funds | April 2020
Realty Income Corporation 02-2020

$ 696,600,000

Follow-on Offering
Real Estate | February 2020
Independence Realty Trust Inc. 02-2020

$ 137,700,000

Follow-on Offering
Real Estate | February 2020
Vici Properties 01-2020

$ 2,500,000,000

Senior Notes
Gaming & Leisure | January 2020
GCP Student 12-2019

€ 76,939,644

Follow-on Offering
Investment Funds | December 2019
Foresight 10-2019

€ 65,324,044

Follow-on Offering
Investment Funds | October 2019
Target Healthcare 09-2019

€ 80,000,000

Follow-on Offering
Investment Funds | September 2019
Sequoia Economic Infrastructure 09-2019

€ 138,750,000

Follow-on Offering
Investment Funds | September 2019
Marble Point 02-2018

$ 42,500,000

Initial Public Offering
Investment Funds | February 2018
Currency volume represents full credit to each underwriter. All transaction announcements appear as a matter of record only. Stifel collectively refers to Stifel, Nicolaus & Company, Incorporated and other affiliated broker-dealer subsidiaries of Stifel Financial Corp.