Atlantic City, New Jersey
Atlantic City's skyline is casino real estate, and most of it belongs to two gaming REITs, VICI and GLPI, that lease it back to the operators; the public tax list prints every value and sale price but strips the owners' names. Values, tax-bill addresses and deeds now come from the NJOGIS parcel composite on the State's own maps.nj.gov host, which replaced the blocked ArcGIS Online copy.
10 buildings · 10 with an owner established · 18 sources · 7 tier B · 3 tier A · prepared 2026-11-03
New Jersey records title by deed. Atlantic City's deeds are filed with the Atlantic County Clerk in Mays Landing, whose online Official Records search is free but opens only after the user accepts the Clerk's disclaimer conditions, which this research does not do. The State's tax list (MOD-IV) is published as open data with each parcel's assessed value, the tax-bill mailing address, deed book, page and date and the sale price, but the State says its 'OWNER_NAME field is redacted per Daniel's Law for public web access', and it is blank on every Atlantic City row. Owners here are therefore named from company filings matched to the tax-bill address and sale.
The marquee buildings
The towers that set the tone of the core, and who holds them. A price is the price a document states, on the date it states — not an estimate of what the building is worth now.
| Building | Use | Owner | Owner type | Last price paid |
|---|---|---|---|---|
| Borgata Hotel Casino & Spa 1 Borgata Way (block 576 lot 1.03) |
Hotel | VICI Properties Inc. VICI's 2025 10-K lists Borgata under its MGM Master Lease (to April 2047), with the footnote that the property, or a portion of it, is held under a ground lease (s6). Wikipedia says MGM sold it to MGM Growth Properties for $1.18B in 2016 and VICI acquired MGM Growth in 2022 (s9). The tax list gives the lot 25.97 acres, assessed $596.6M under a casino in-lieu-of-tax (PILOT) payment, the city's highest, billed to 3950 Las Vegas Blvd S, MGM's Mandalay Bay address: the tenant pays the tax (s19). |
REIT | $682.1M 2016-08 Consideration on the deed the tax list cites (book 14105 p.46084, 1 Aug 2016), the month MGM Growth Properties bought the real estate (s9). B |
| Harrah's Resort Atlantic City 777/1725 Harrah's Blvd, Marina District (block 575 lot 1, 576 lots 1.13, 1.14, 572 lot 1) |
Hotel | VICI Properties Inc. VICI's 2025 10-K lists Harrah's Atlantic City in the Caesars Regional Master Lease, to July 2035 (s6). On the tax list the casino lot is assessed $381.9M (PILOT) and the adjoining Huron Ave lot $184.2M; the conference-centre lot (576/1.14) carries a separate deed of the same date at $99.25M. All are billed to 535 Madison Ave, 20th Floor, New York, the address on VICI's filings (s19). |
REIT | $500.0M 2020-07 Consideration on the deed the tax list cites for lots 575/1, 576/1.13 and 572/1 (book 14829 p.38620, 20 Jul 2020). A |
| Caesars Atlantic City 2101 Boardwalk (block 41 lot 1; tower 42/4.01; garages 161/1.02, 159/1.02-1.03) |
Hotel | VICI Properties Inc. Listed by VICI's 2025 10-K in the Caesars Regional Master Lease, to July 2035 (s6). The tax list bills eight lots to VICI's 535 Madison Ave address, the casino lot at $209.2M (6.2 acres) and the hotel tower at $83.0M, about $470M in all; each cites a deed of 6 Oct 2017 (book 14329) with a nominal $10 consideration, the date VICI was formed out of the Caesars Entertainment Operating Co. reorganisation (s19). |
REIT | —A |
| Tropicana Atlantic City 2801-2901 Pacific Ave / 2821-2901 Boardwalk (blocks 29, 30, 175, 177) |
Hotel | Gaming and Leisure Properties, Inc. GLPI's 2025 10-K puts Tropicana Atlantic City in the Amended Caesars Master Lease and its Schedule III carries it at $165.9M land and $392.9M buildings, gross $558.8M, built 1981, acquired 1 Oct 2018 (s7). The tax list bills 13 lots to GLPI's 845 Berkshire Blvd, Wyomissing PA address, $308.9M in all, the largest 2801 Pacific Ave at $91.1M (s19). |
REIT | $520.9M 2018-10 Consideration on the deed the tax list cites (book 14508 p.54205, 1 Oct 2018); GLPI's Schedule III gives acquisition 10/1/2018. A |
| Bally's Atlantic City Casino Resort 1811 Boardwalk; garage 1900 Pacific Ave (blocks 45 and 43) |
Hotel | Bally's Corporation Bally's 2025 10-K lists Bally's Atlantic City, acquired 2020, 81,614 sq ft of gaming, among properties 'required to be mortgaged under' its credit agreement, and not among those 'leased from GLPI' (s8). Oddly the tax list still bills both lots ($73.4M and $30.7M) to 535 Madison Ave FL20, VICI's address, so the bill and the filing disagree; owner rests on the filing (tier B). |
Public company | $18.9M 2020-11 Consideration on the deed the tax list cites for both lots (book 14918 p.932, 18 Nov 2020). B |
| Hard Rock Hotel & Casino Atlantic City (former Trump Taj Mahal) 1000 Boardwalk (block 61, 24 lots) |
Hotel | Boardwalk 1000, LLC (Hard Rock International joint venture) Wikipedia names the owner as Boardwalk 1000, LLC, 'a joint venture between Hard Rock International and Edgewood Properties', with Hard Rock as operating licence holder, after Hard Rock announced on 1 March 2017 a $300M plan to buy and renovate the closed Taj Mahal (s10). The tax list bills 24 lots, $225.0M, to the property itself (s19). |
Private company | $45.0M 2017-03 Consideration on the deed the tax list cites for all 24 lots (book 14228 p.22348, 30 Mar 2017). B |
| Ocean Casino Resort (former Revel) 500 Boardwalk (block 62 lots 1-2; 68/3.02) |
Hotel | Ilitch Gaming Wikipedia: sold in January 2018 to AC Ocean Walk; in January 2019 the new owner was identified as Luxor Capital Group; a 50% stake was sold by Luxor to the Ilitch interests in 2021 and 'In August 2026, Ilitch Gaming acquired full control' (s11). Its 710-ft hotel tower is the tallest structure in Atlantic City (s11). The 14.73-acre lot is assessed $117.0M under PILOT, billed to the property (s19). Owner rests on one secondary source: tier B. |
Private company | $82.7M 2018-01 Consideration on the deed the tax list cites (book 14368 p.2718, 4 Jan 2018); Wikipedia reports the January 2018 sale to AC Ocean Walk at $200M. B |
| Atlantic City Convention Center and Rail Terminal 1 Convention Blvd (block 472 lot 2) |
Civic | Casino Reinvestment Development Authority Wikipedia's infobox gives the owner as the Casino Reinvestment Development Authority (CRDA), operator OVG360, opened 1997 at a cost of $268M (s12). The tax list values the lot, facility 'RAILROAD STATION', at $377.5M, third-highest in the city, billed to 15 S Pennsylvania Ave with a deed of 30 Oct 2014 at $10 (s19); 291 other lots, mostly 'URBAN RENEWAL', bill to the same address. CRDA's own site disallows ClaudeBot, so its address could not be checked there. |
Government | —B |
| Jim Whelan Boardwalk Hall 2301 Boardwalk (block 38 lots 1, 3) |
Civic | Casino Reinvestment Development Authority Wikipedia: opened 1929 as Convention Hall, capacity 14,770, owner CRDA, operator Oak View Group (s13). The tax list carries 2430 Pacific Ave 'HALL' at $48.3M, billed to CRDA's 15 S Pennsylvania Ave address on the same 2014 deed date as the Convention Center, and 2301 Boardwalk 'RECREATION CENTER' at $46.3M billed to 1 S New York Ave (s19). |
Government | —B |
| Bader Field (former municipal airport) 601 N Albany Ave (block 794 lot 1) |
Land | City of Atlantic City Wikipedia: the city bought the airport outright in 1922; it closed on 30 Sept 2006 and 'is considered a prime redevelopment site' (s14). The tax list gives the lot 142.55 acres, facility 'STADIUM', assessed $172.1M, the largest public lot after the Convention Center, billed to Bacharach Blvd, the City Hall address (s19). |
Government | —B |
The core land
The most valuable ground in the city, and what the public record says about it.
Atlantic City's most valuable ground is its casino lots, almost all paying in lieu of property tax under the State's casino PILOT; then the public Convention Center and Bader Field. Figures from the tax list in the NJOGIS composite as served on the State's own maps.nj.gov (s19), deeds to July 2025.
Who owns the town
At this scale the significant owner is rarely a trust or a fund: it is one or two local holding companies, a family in its second or third generation, and often the land around the town rather than the buildings in it.
With owner names stripped from the published tax list, Atlantic City's large holders are counted by the address their tax bills go to, and named only where a filing or the roll's own facility names tie the address to them. Two things stand out: the casinos sit on PILOT class 15F lots worth $3.75B of the city's $7.42B tax list, half of it billed to two gaming REITs; and the City itself is the largest landholder by parcels and acres, much of it beach, wetland and tax-foreclosed lots. Acreage counts only parcels where the roll states acres.
| Name | Type | Parcels and assessed value billed to the address, tax list (deeds to July 2025) |
|---|---|---|
| City of Atlantic City Parcels billed to Bacharach Blvd / 1301 Bacharach Blvd, the lot the roll labels 'MUNICIPAL BLDG' / 'CITY HALL' (block 295 lot 1). 1,053 are class 15C public property. Facility names: 318 'VACANT LAND', 292 'TAX LIEN FORECLOSURE', 222 'BEACH', 74 'FORECLOSURE IN REM', plus Bader Field (142.55 acres, $172.1M), parks and bulkheads. |
Government | About 1,090 parcels, ~$589M, ~2,424-2,458 stated acresB |
| VICI Properties Inc. Lots billed to 535 Madison Ave, 20th Floor, New York; VICI's 10-K names Caesars, Harrah's and Borgata as its Atlantic City properties (s6). Borgata ($596.6M) bills to MGM, and the two Bally's lots ($104.1M) bill to this address though Bally's 10-K treats Bally's AC as its own; net of those, VICI's own bills are about $1.15B. |
REIT | 33 parcels, $1.26B billed (Caesars, Harrah's; Borgata billed to its tenant)B |
| Casino Reinvestment Development Authority Billed to 15 S Pennsylvania Ave, the address of the Convention Center and Boardwalk Hall lots, whose owner Wikipedia gives as CRDA (s12, s13). 224 of the lots carry the facility name 'URBAN RENEWAL'. The tie of the address to CRDA rests on those two lots: tier B. |
Government | 294 parcels, $515.9M, ~34 stated acresB |
| Gaming and Leisure Properties, Inc. The Tropicana lots, all billed to 845 Berkshire Blvd, Wyomissing PA, on the 1 Oct 2018 deed (s19); GLPI Schedule III carries Tropicana AC at $558.8M gross (s7). |
REIT | 13 parcels, $308.9MA |
| Atlantic City public schools (class 15A) Public-school property billed to 1809 Pacific Ave: Atlantic City High School (1400 N Albany Ave, 49.56 acres, $85.5M), Richmond Ave School ($28.5M), Dr M L King School ($22.8M) and the Uptown Complex school ($18.0M) (s19). |
Government | 18 school parcels, $232.7M, ~68 stated acresB |
| State of New Jersey Public property billed to PO Box 439, Trenton, led by 600 Huron Ave 'MARINA' (47.4 acres, $38.4M), the Senator Frank S. Farley State Marina, which Wikipedia says is owned by the NJ Division of Parks and Forestry (s15). |
Government | 9 parcels, $38.6M, ~147 stated acresB |
| Atlantic County Billed to 1333 Atlantic Ave (incl. 'Ste 700' / '#700'), the 'OFFICE BLDG.' lot (block 295 lot 4, $11.8M) where the County Clerk keeps its Atlantic City office (s3); the others are a court house, parks, parking and a filtering plant (s19). |
Government | 7 parcels, $21.4MB |
Who builds the houses
New-home building in this market: the volume, and the firms behind it. Ownership of a builder matters as much as its volume — a private-equity platform and a family firm behave differently.
Very little new housing is built in Atlantic City: the Census permit survey counts 55 units authorised in 2023, 57 in 2024 and 48 in 2025, most in a handful of 5+ unit buildings (s18). Most homes are older rowhouses and condo units; the typical class 2 residential parcel is assessed $105,800, and about 650 residential sales recorded in 2024 had a median price of about $230,000 (s19). New building is mostly casino-agency-backed inlet projects and public housing. No builder league table covers the city.
| Name | Type | Units |
|---|---|---|
| K. Hovnanian Homes The City says it broke ground with K. Hovnanian on 38 four-storey waterfront townhomes at Pacific and New Hampshire Avenues, the company 'returning to the Atlantic City market', first deliveries as early as summer 2027 (s17). |
Public company | 38 townhomes (Terraces at Absecon Inlet)A |
Commercial landlords
The commercial side, counted separately from housing: who holds the office, retail and industrial floor area.
Atlantic City's commercial real estate is its nine casino resorts, and since 2016-2020 most of that real estate has been owned by two gaming REITs that lease it back to the operators under triple-net master leases, the operator paying the tax. VICI owns Caesars, Harrah's and Borgata; GLPI owns Tropicana. Bally's Corp owns its own; Hard Rock, Ocean, Golden Nugget and Resorts are held by private owners. Ordinary office and retail stock is small: the largest class 4A lot outside the casinos is assessed $20.5M.
| Name | Type | Atlantic City casino real estate |
|---|---|---|
| VICI Properties Inc. Listed in the 10-K lease table: Caesars AC and Harrah's AC under the Caesars Regional Master Lease to July 2035; Borgata under the MGM Master Lease to April 2047, partly on a ground lease (s6). Borgata alone is assessed $596.6M (s19). |
REIT | 3 casino resorts (Borgata, Caesars, Harrah's)A |
| Gaming and Leisure Properties, Inc. Tropicana AC, leased to Caesars under the Amended Caesars Master Lease, acquired 1 Oct 2018 (s7). |
REIT | 1 casino resort (Tropicana), $558.8M gross costA |
| Boardwalk 1000, LLC Hard Rock International / Edgewood Properties joint venture per Wikipedia (s10); the lots bill to 1000 Boardwalk on a 30 Mar 2017 deed at $45.0M (s19). |
Private company | 24 parcels, $225.0M (Hard Rock)B |
| Ilitch Gaming Full control from August 2026 per Wikipedia (s11); lots bill to 500 Boardwalk (s19). |
Private company | 8 parcels, $128.0M (Ocean Casino Resort)B |
| Landry's, Inc. Wikipedia: Landry's bought Trump Marina for $38 million, took control on 23 May 2011 and renamed it the Golden Nugget (s15). The tax list bills the casino lot (block 571 lot 1, 14.7 acres, $107.6M) to the property, citing a deed of 24 May 2011 (s19). |
Private company | 3 parcels, $108.3M (Golden Nugget)B |
| DGMB Casinos Wikipedia gives DGMB Casinos as owner of Resorts, which it took over in December 2010 (s16). The tax list bills 76 lots to 1133 Boardwalk, many on a 16 Dec 2009 deed at $1 (s19). |
Private company | 76 parcels, $101.2M (Resorts Casino Hotel)B |
| Bally's Corporation Bally's Atlantic City, acquired 2020, mortgaged under the credit agreement (s8). |
Public company | 1 casino resort, 81,614 sq ft gamingA |
Looked for and not found
Claims this page would have made if a source could be opened. They are left out rather than guessed.
- Owner of record for every lot: the Atlantic County Clerk's deed index (book/page) would name each grantee, but it opens only after accepting the Clerk's conditions, which was not done.
- Bally's Atlantic City: the tax bills go to VICI's 535 Madison Ave address while Bally's 10-K treats the property as its own; the deed (book 14918 p.932) would settle it.
- 227 N Vermont Ave (114 parcels, $91.8M, public housing) is probably the Atlantic City Housing Authority; no open page tying the address to it was opened.
- 1406 Doughty Rd, Egg Harbor Twp receives the bills for the 1924 Atlantic Ave hospital lot ($96.4M) and six parking lots; the hospital is AtlantiCare's city campus by repute, not established.
- 5100 Harding Hwy, Mays Landing (72 parcels, $11.2M, incl. 'HURON AVE SUBSTATION') looks like the electric utility; 1035 Parkway Ave, Trenton (69 parcels) like the NJ Dept of Transportation; 101 Vera King Farris Dr, Galloway (4 school-class parcels) like Stockton University. None confirmed.
- MGM-billed land: 69.16 acres at Huron Ave (block 576 lot 1.04, $105.4M) and a 14.7-acre lot billed to 3950 Las Vegas Blvd S; whether MGM or VICI holds title is not established.
- Water Club / Borgata-area lots billed to '%210 Rt 4 East, Paramus' (4 lots, $221.0M) could not be tied to an owner.
- Caspian Point (180 units) and The Beach at South Inlet apartments appear in search results; their sources were not opened (njbiz.com blocks; jerseydigs terms not found).
Sources
- Parcels and MOD-IV Composite of NJ - item description ('The OWNER_NAME field is redacted per Daniel's Law for public web access') — NJOGIS on ArcGIS Online · openA
- Recording - Atlantic County Clerk's Office — Atlantic County Clerk · openA
- Official Records Public Search - disclaimer page — Atlantic County Clerk (New Vision Systems) · openA
- Document Recording Fees — Atlantic County Clerk · openA
- VICI Properties Inc. Form 10-K for 2025 (Item 1 lease table: Caesars Atlantic City, Harrah's Atlantic City, Borgata) — VICI Properties Inc. via SEC EDGAR · openA
- Gaming and Leisure Properties, Inc. Form 10-K for 2025 (master lease table; Schedule III: Tropicana Atlantic City) — Gaming and Leisure Properties, Inc. via SEC EDGAR · openA
- Bally's Corporation Form 10-K for 2025 (Item 2 Properties) — Bally's Corporation via SEC EDGAR · openA
- Borgata — Wikipedia · openB
- Hard Rock Hotel & Casino Atlantic City — Wikipedia · openB
- Ocean Casino Resort — Wikipedia · openB
- Atlantic City Convention Center — Wikipedia · openB
- Boardwalk Hall — Wikipedia · openB
- Bader Field — Wikipedia · openB
- Golden Nugget Atlantic City — Wikipedia · openB
- Resorts Casino Hotel — Wikipedia · openB
- Atlantic City Breaks Ground on K. Hovnanian Residential Development Project (posted 12 Aug 2026) — City of Atlantic City · openA
- Building Permits Survey, annual place files 2023-2025 (Northeast Region), Atlantic City — US Census Bureau · openA
- NJOGIS Parcels (MOD-IV composite), Framework/Cadastral MapServer layer 0, Atlantic City (PCL_MUN 0102), 16,616 rows, published 28 Jan 2026 — NJ Office of Information Technology, Office of GIS (NJOGIS) · openA