Bought the landlord today. VICI owns Caesars Palace, the Venetian and MGM Grand, then leases them back on triple-net terms. Our operator leg is down 11 to 15% since June. The rent didn't move. That's the whole trade. Meanwhile private money is circling: Diller sniffing at MGM, Kalshi pricing 68% odds Caesars gets taken out this year. When buyers want the buildings that badly, the public quote is wrong, not the buildings. Bad habits keep paying.