LAS VEGAS, April 15, 2016 /PRNewswire/ -- CityCenter Holdings, LLC ("CityCenter"), a venture between MGM Resorts International (NYSE: MGM ) and Infinity World Development Corp, closed the previously announced sale of The Shops at Crystals for approximately $1.1 billion to a venture led by Invesco Real Estate and Simon Property Group (NYSE: SPG ). The CityCenter Board of Directors approved a $1.08 billion dividend consisting of a $990 million special dividend in connection with the sale and a $90 million dividend as part of its annual dividend policy. The $1.08 billion dividend will be paid in the second quarter. "CityCenter has exhibited significant operating growth and continued balance sheet enhancement since opening," said Jim Murren, Chairman and Chief Executive Officer of MGM Resorts International.