Dreamscape Companies Completes $850M Capital Raise
Summary
Led by CEO and Founder Eric Birnbaum, Dreamscape is focused on developing residential, retail, hospitality, entertainment and gaming properties into dynamic environments. Its team of real estate professionals has collectively deployed in excess of $35 billion across residential, retail, hospitality, entertainment and gaming properties and has decades of experience in these verticals. These new, independent platforms will focus on investing and operating in strategically located, high-barrier-to-entry markets with asymmetric growth potential. The capital raise will also finance a multi-phase renovation of Dreamscape’s first gaming property, the iconic Rio Hotel & Casino Las Vegas. The property will remain open throughout the renovation, with the company slated to officially take over and manage operations at the resort in 2023.
Funding
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