03:29 AM EDT, 10/30/2024 (MT Newswires) -- Caesars Entertainment ( CZR ) said late Tuesday it has agreed to sell its LINQ Promenade property to a joint venture formed between TPG Real Estate (TPG) and Acadia Realty Trust's ( AKR ) investment management platform for $275 million.

The sale is expected to close in Q4, subject to certain conditions,

Caesars Chief Executive Tom Reeg said the deal "represents an accretive, non-core asset sale that will accelerate our debt reduction goals."

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