The Borrower Sponsor is Institutional Mall Investors LLC, which is a co-investment venture owned by the California Public Employees' Retirement System (“CalPERS”) and an affiliate of Miller Capital Advisory Inc (“MCA”)
Collateral
Miracle Mile, centrally located on the Las Vegas Strip, is connected to two hotels/timeshares (non-collateral), Planet Hollywood Resort and Casino (“Planet Hollywood”) (non-collateral) and Elara by Hilton Grand Vacations (“Elara”) (non-collateral) and circles the Bakkt Theater (non-collateral). The Property is 85.3% leased and has 129 tenants, including 99 in-line tenants / theaters and 30 tenants that are “temporary”
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