Gaming and Leisure Properties, Inc. Announces Curt Magleby as Senior Vice
President of Corporate Development
WYOMISSING, Pa., April 2, 2014 (GLOBE NEWSWIRE) -- Gaming and Leisure
Properties, Inc. (Nasdaq:GLPI) (the "Company"), the first gaming-focused REIT
in North America, today announced that Curtis Magleby has joined the Company
as Senior Vice President of Corporate Development.
Mr. Magleby joins GLPI after three years at Cushman and Wakefield where he
served as Senior Managing Director of Capital Markets and the U.S. Western
Region leader. In that role, he oversaw the company's Investment Sales, Debt &
Equity Finance and Investment Banking divisions. Prior to Cushman and
Wakefield, Mr. Magleby was with Wachovia Securities where he was a Managing
Director in the company's Gaming and Lodging Investment Banking unit. Before
joining Wachovia, Mr. Magleby held various roles at Lehman Brothers and
Salomon Smith Barney. He holds a bachelor's degree in Statistics with an
emphasis in Business from Brigham Young University.
At GLPI, Mr. Magleby will be responsible for the identification and
acquisition of gaming assets across the United States.
"We are pleased to have Curt, a 22 year industry veteran, join GLPI. As we
seek to expand our portfolio and in many cases, provide financing solutions
for gaming operators, Curt's extensive experience in the gaming and lodging
sector as well his deep financing and transaction expertise make him a
valuable addition to our executive team," stated Mr. Peter Carlino, Gaming and
Leisure Properties, Inc. Chairman and Chief Executive Officer.
About Gaming and Leisure Properties
GLPI is engaged in the business of acquiring, financing, and owning real
estate property to be leased to gaming operators in "triple net" lease
arrangements, pursuant to which the tenant is responsible for all facility
maintenance, insurance required in connection with the leased properties and
the business conducted on the leased properties, taxes levied on or with
respect to the leased properties and all utilities and other services
necessary or appropriate for the leased properties and the business conducted
on the leased properties. GLPI expects to grow its portfolio by aggressively
pursuing opportunities to acquire additional gaming facilities to lease to
gaming operators. GLPI also intends to diversify its portfolio over time,
including by acquiring properties outside the gaming industry to lease to
third parties. GLPI intends to qualify to be taxed as a real estate investment
trust ("REIT") for United States federal income tax purposes commencing with
the 2014 taxable year and will be the first gaming-focused REIT.
CONTACT: Investor Relations - Gaming and Leisure Properties, Inc.
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