MGM Analyst Says $400M Springfield Asset Sale Further Strengthens Balance Sheet MGM Resorts International (NYSE: MGM ) announced Tuesday the sale of its Springfield, Massachusetts, real estate assets to its REIT MGM Growth Properties LLC (NYSE: MGP ) for $400 million . What Happened? The Springfield property is the latest in a series of MGM properties the company has transferred to its REIT. MGM will now lease the property from MGM Growth and continue to operate the facilities. The Master Lease between MGM and its REIT will increase by $30 million annually as a result of the transaction. MGM also holds a 42% economic interest in MGM Growth. Related Link: DraftKings Stock Investors Pull Back After Q1 Earnings: What Do Analysts Think? Why It’s Important: On Wednesday, Bank of America analyst Shaun Kelley … Full story available on Benzinga.com