MGM Resorts International will continue to operate the Bellagio after a San Diego-based investment firm said it was acquiring a 21.9 percent ownership of the Strip hotel-casino from Blackstone Real Estate Americas for $950 million.

Realty Income Corp. said in a statement last week it viewed the transaction as an investment opportunity. Last year, the company paid $1.7 billion to acquire the real estate associated with Encore Boston Harbor from Wynn Resorts, which continues to operate the hotel-casino through a long-term lease.

MGM Resorts, which sold a 95 percent stake in the real estate of Bellagio to New York-based Blackstone’s real estate investment trust in 2019 for $4.25 billion, retained the operations under a long-term lease agreement for $245 million in annual rent.