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Ed Pitoniak, CEO of VICI Properties Inc. (NYSE: VICI), participated in a video interview during Nareit’s REITworld: 2023 Annual Conference held Nov. 14-16 in Los Angeles.

Pitoniak said VICI will be ready “for anything and everything” in 2024, since it is difficult to know how the year will unfold given how 2023 has unfolded in both the equity and credit markets.

“We really go into 2024 making sure we’re ready for anything in terms of whatever investment activity we might do, whatever liquidity we need to preserve, and being ready for any refinancings that might come in 2024 and beyond,” he said.

Pitoniak said VICI has enjoyed really strong access to both equity and credit capital over its first five or six years.

“But whatever capital we deploy in 2024, we will do so very carefully,” he said. “We know that the window may or may not be open to obtain more capital.”

Pitoniak said he feels VICI has done a great job developing relationships with the experiential operators it works with, including MGM, Caesars, Canyon Ranch, and others.

“In particular…it’s given us great access to Las Vegas, where we own 10 assets,” he added. “Las Vegas is the epicenter of global entertainment right now.”