– USA, NV – MGM Growth Properties LLC (NYSE: MGP), today announced that Robert “Bob” W. Smith was elected to serve as the third independent director to the Company’s Board of Directors.
“Bob’s distinctive knowledge and experience with consumer-facing companies and esteemed reputation within the investment community will serve as a vital asset to the Company and a well-rounded addition to the MGP Board – one that strengthens the Company’s ability to successfully execute on its strategic goals with the interests of MGP’s shareholders in mind,” said Jim Murren, Chairman of MGM Growth Properties. “We are excited to welcome Bob to MGP in this key leadership role.”
Mr. Smith has nearly thirty years of investment experience. From September 1992 to December 2016, he served in various roles at T. Rowe Price, including as Vice President of T. Rowe Price Group, Inc., Vice President and Portfolio Manager at T. Rowe Price Associates, Inc. and as a Lead Portfolio Manager at T. Rowe Price International, Inc. In addition, Mr. Smith served as a Vice President at T. Rowe Price Trust Company. Prior to joining T. Rowe Price, he worked for five years as an Investment Analyst at MFS Investment Management covering multiple sectors including food & beverage, tobacco, electrical equipment, and telecommunications companies.
Mr. Smith holds a B.S. degree in Finance and Economics from the University of Delaware and an M.B.A. in General Management from the Darden Graduate School of Business at the University of Virginia.
About MGM Growth Properties
MGM Growth Properties LLC (NYSE: MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGP currently owns a portfolio of properties acquired from MGM Resorts, consisting of ten premier destination resorts in Las Vegas and elsewhere across the United States and one dining and entertainment complex which opened in April 2016. As of December 31, 2015, these properties collectively comprise 27,233 hotel rooms, approximately 2.6 million convention square footage, over 100 retail outlets, over 200 food and beverage outlets and over 20 entertainment venues. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries that MGM Resorts or other entertainment providers may develop in the future.
For more information : http://www.mgmresorts.com
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