EPR Properties is to acquire a portfolio of seven regional parks from Six Flags Entertainment Corporation for a gross transactional value of $342 million, of which the company provided approximately $315 million and its operating tenants provided the balance.
The seven parks comprise over 1,600 acres, featuring 418 attractions across five states and Canada, and drawing approximately 4.5 million annual attendees.
The six regional parks that are located throughout the US will be leased to and operated by Enchanted Parks (formerly Innovative Attraction Management) pursuant to a long-term master lease, and the one park located in Canada will be leased to and operated by La Ronde Operations, Inc. following the completion of the transaction.
“This strategic acquisition represents a compelling opportunity to expand our attractions portfolio with high-quality experiential real estate assets in established regional markets,” said Gregory K Silvers, chairman and chief executive of EPR Properties.
“These properties embody the essential characteristics we seek: delivering stable, long-term cash flows, strong drive-to accessibility, multi-generational appeal, and significant underlying land value. This transaction aligns with our disciplined investment criteria and accelerates our strategic expansion into experiential properties that create enduring value for our shareholders.”
Properties included in transaction
US Parks – Enchanted Parks
Worlds of Fun – Amusement & Waterpark – Kansas City, MO
Valleyfair – Amusement & Waterpark – Minneapolis, MN
Six Flags St. Louis – Amusement & Waterpark – St. Louis, MO
Schlitterbahn Waterpark Galveston – Waterpark – Galveston TX
Michigan’s Adventure – Amusement & Waterpark – Grand Rapids, MI
Six Flags Great Escape – Amusement & Waterpark – Queensbury, NY
Canadian Park
Six Flags La Ronde – Amusement Park – Montreal, QC
