v3.26.3
Real Estate Portfolio - Schedule of Lease Agreement (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2026
USD ($)
option
Harrah’s Joliet LandCo LLC  
Real Estate  
Ownership percentage by noncontrolling owners 20.00%
Minimum  
Real Estate  
Initial term 15 years
Renewal term 5 years
Variable rent adjustment 20.00%
Maximum  
Real Estate  
Initial term 32 years
Renewal term 30 years
Variable rent adjustment 30.00%
Caesars Lease Agreements | Caesars Regional Master Lease and Joliet Lease | Harrah’s Joliet LandCo LLC  
Real Estate  
Current annual rent $ 730,900
Caesars Regional Master Lease and Caesars Joliet Lease Properties | Caesars Regional Master Lease and Joliet Lease  
Real Estate  
Initial term 18 years
Number of renewal options | option 4
Renewal term 5 years
Current annual rent $ 740,548
Annual escalation rate 2.00%
Variable rent percentage 4.00%
Caesars Regional Master Lease and Caesars Joliet Lease Properties | Caesars Regional Master Lease and Joliet Lease | Lease Years 11 & 16 | Base Rent  
Real Estate  
Variable rent adjustment 80.00%
Caesars Regional Master Lease and Caesars Joliet Lease Properties | Caesars Regional Master Lease and Joliet Lease | Lease Years 11 & 16 | Variable Rent  
Real Estate  
Variable rent adjustment 20.00%
Caesars Las Vegas Master Lease | Caesars Las Vegas Master Lease  
Real Estate  
Initial term 18 years
Number of renewal options | option 4
Renewal term 5 years
Current annual rent $ 505,678
Annual escalation rate 2.00%
Variable rent percentage 4.00%
Caesars Las Vegas Master Lease | Caesars Las Vegas Master Lease | Lease Years 11 & 16 | Base Rent  
Real Estate  
Variable rent adjustment 80.00%
Caesars Las Vegas Master Lease | Caesars Las Vegas Master Lease | Lease Years 11 & 16 | Variable Rent  
Real Estate  
Variable rent adjustment 20.00%
MGM Master Lease | MGM Master Lease  
Real Estate  
Initial term 25 years
Number of renewal options | option 3
Renewal term 10 years
Current annual rent $ 736,158
MGM Master Lease | MGM Master Lease | Lease Years 2 Through 10 | Minimum  
Real Estate  
Annual escalation rate 2.00%
MGM Master Lease | MGM Master Lease | Lease Years 11 Through 25 | Minimum  
Real Estate  
Annual escalation rate 2.00%
MGM Master Lease | MGM Master Lease | Lease Years 11 Through 25 | Maximum  
Real Estate  
Annual rent increase, cap percent 3.00%
MGM Grand/ Mandalay Bay Lease | MGM Grand/ Mandalay Bay Lease  
Real Estate  
Initial term 30 years
Number of renewal options | option 2
Renewal term 10 years
Current annual rent $ 328,839
MGM Grand/ Mandalay Bay Lease | MGM Grand/ Mandalay Bay Lease | Lease Years 2 Through 15 | Minimum  
Real Estate  
Annual escalation rate 2.00%
MGM Grand/ Mandalay Bay Lease | MGM Grand/ Mandalay Bay Lease | Lease Years 16 Through 30 | Minimum  
Real Estate  
Annual escalation rate 2.00%
MGM Grand/ Mandalay Bay Lease | MGM Grand/ Mandalay Bay Lease | Lease Years 16 Through 30 | Maximum  
Real Estate  
Annual rent increase, cap percent 3.00%