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Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 60 casino properties, all of which are leased to other companies.
The company was founded by Sylvan M. Cohen (1914-2001) in 1960 following the passage of the Real Estate Investment Trust Act, which allowed real estate trusts to access money from public investment. [ 1 ] [ 2 ] In 1997, the company acquired The Rubin Organization for $260 million, and founder and chief executive officer Ronald Rubin became CEO ...
It is a subsidiary of General Motors. GMCH was created in 2009 as a result of the bankruptcy filings of both Delphi Corporation and General Motors. [2] [3] GMCH consists of four facilities previously owned by Delphi: Harrison Thermal Systems, Lockport, New York — HVAC climate control systems, powertrain cooling systems
According to an annual report from the National Association of Realtors (NAR), first-time home buyers were responsible for 32% of all home purchases in 2023, up from 26% the prior year. However,...
The demographic group born between 1997 and 2012 — also known as Zoomers, the iGeneration or just Gen Z — has faced strong headwinds as its older members have aged into potential homeownership.
Shares of Zillow sank as much as 15% Friday alongside other real estate names after the National Association of Realtors reached a legal settlement that paves the way for homebuyers and sellers to ...
Located at 6000 Wyoming Avenue. Originally built to produce Liberty aircraft engines in World War I. In 1919, was taken over by Saxon Motor Co., owned by Hugh Chalmers of Chalmers Motor Co. GM bought the plant in 1926 and built the LaSalle there from 1927. GM sold Wyoming Assembly to Chrysler in 1934, which then used it to build its DeSoto brand.
Gen Z Americans -- alongside millennials, both digitally native generations -- seem to be influencing the real estate market. See: Grant Cardone Reveals 6 Cities He Would Buy Investment Property in...