Is Trump Betting on Nevada Real Estate Before the Primary? The Inside Scoop
Donald Trump, known for his real estate empire before his tenure as the 45th President of the United States, is now a prominent figure in political discussions, particularly around the Nevada primary, a key event in the Republican party’s nomination process. As Nevada gears up for this pivotal political milestone, questions arise about Trump’s real estate holdings in the state, given his well-documented history of investments.
Interestingly, despite his substantial real estate portfolio, which includes iconic properties in places like New York, Trump has not ventured into the Nevada real estate market. This revelation comes as a surprise to some, considering Nevada’s significance in the early stages of the presidential nomination cycle and its renowned hospitality and gaming industries, sectors closely aligned with Trump’s business interests.
This absence of Trump-owned properties in Nevada is consistent with his real estate footprint in other politically significant states like Iowa, Colorado, and Maine. Notably, both Colorado and Maine have made headlines for their efforts to exclude Trump from their primary ballots for the 2024 election, raising questions about whether Nevada might consider similar actions.
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VICI Properties (NYSE:VICI), Gaming and Leisure Properties (NASDAQ:GLPI), and EPR Properties (NYSE:EPR) are notable Real Estate Investment Trusts (REITs) with significant exposure in Nevada, particularly in the vibrant markets of Las Vegas. VICI, having expanded its portfolio through the acquisition of MGM Growth Properties, now boasts an impressive array of gaming, hospitality, and entertainment destinations in Nevada, making it a key player in the state’s real estate sector. GLPI, with its focus on casino properties, holds several assets in Nevada, leasing to major casino operators and thereby cementing its stake in the state’s gaming industry. EPR Properties, although more diversified, invests in entertainment and recreational venues, some of which are located in Nevada, tapping into the state’s thriving tourism and leisure market. Together, these REITs represent a significant portion of the real estate investment landscape in Nevada, leveraging the state’s dynamic economy centered around gaming, hospitality, and entertainment.
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