David Andrew Kieske
Summary
David Andrew Kieske has been VICI Properties’ Executive Vice President, Chief Financial Officer and Treasurer since January 1, 2018, after briefly serving as a special adviser during the company’s launch. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1705696/000170569618000018/vici10-ka2017.htm?utm_source=openai))
Biography
Kieske joined VICI after a career in real estate finance and investment banking. He was most recently a managing director in the Real Estate and Lodging Investment Banking Group at Wells Fargo Securities and Eastdil Secured, where he advised real estate and lodging companies on capital raising and financial transactions. ([viciproperties.com](https://viciproperties.com/team-vici/david-kieske/?utm_source=openai)) Earlier in his career, Kieske worked in real estate and lodging investment banking at Citigroup and Bank of America. He began as a senior accountant at Deloitte & Touche and later served as assistant vice president and corporate controller at TriNet Corporate Realty Trust. He holds a bachelor’s degree in managerial economics from the University of California, Davis, and an MBA from UCLA. ([viciproperties.com](https://viciproperties.com/team-vici/david-kieske/?utm_source=openai))
Notable achievements
- Was directly involved in more than $75 billion of real estate transactions before joining VICI, including debt, equity, equity-linked, merger and asset transactions. ([viciproperties.com](https://viciproperties.com/team-vici/david-kieske/?utm_source=openai))
- Helped build VICI’s financing and reporting infrastructure as the company transitioned from a newly formed spin-off into a public REIT. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1705696/000170569618000018/vici10-ka2017.htm?utm_source=openai))
- Participated in the financing and capital-markets work supporting VICI’s major acquisitions, including the Venetian Resort and MGM Growth Properties. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1705696/000170569623000035/vici-20221231.htm?utm_source=openai))
- Has remained VICI’s CFO since January 2018, providing continuity through the company’s expansion from a Caesars-focused portfolio to a broader experiential real estate platform. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1705696/000170569618000018/vici10-ka2017.htm?utm_source=openai))
Problem areas / controversies
- The company’s acquisition-led growth has created ongoing exposure to debt costs, refinancing conditions and capital-markets access, areas overseen by the CFO. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1705696/000170569626000034/vici-20251231.htm?utm_source=openai))
- VICI’s financial results depend heavily on the ability of a limited number of large tenants to pay rent, creating counterparty and tenant-concentration risk. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1705696/000110465926028582/tm268202d3_ars.pdf?utm_source=openai))
- The company is exposed to regulatory and operating conditions affecting gaming, casinos, hospitality and other experiential businesses, even though VICI primarily owns and leases the underlying real estate. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1705696/000170569626000034/vici-20251231.htm?utm_source=openai))
- No major personal controversy or regulatory violation involving Kieske was identified in the filings and reputable sources reviewed; the principal issues connected with his role are company-level leverage, financing and concentration risks.