EPR Properties to Acquire Seven Amusement Parks for $342 Million
EPR Properties agreed to acquire seven regional amusement parks from Six Flags for $342 million, encompassing 1,600 acres and 418 rides visited by roughly 4.5 million guests annually. The acquisition spans major properties including La Ronde, Michigan’s Adventure and Worlds of Fun, enhancing EPR’s cash flow and land value portfolio.
1. Portfolio Acquisition Overview
EPR Properties signed definitive agreements to acquire seven regional amusement parks from Six Flags for $342 million. The deal transfers ownership of parks spanning 1,600 acres and 418 rides that attract an estimated 4.5 million annual visitors.
2. Operational and Financial Impact
The acquired properties are expected to deliver stable, long-term cash flows and significant underlying land value. EPR aims to leverage drive-to accessibility and multi-generational appeal to diversify its entertainment real estate holdings and boost future FFO growth.
3. Key Park Highlights
Highlighted assets include La Ronde in Montreal, opened in 1967, Michigan’s Adventure in Grand Rapids, Worlds of Fun in Kansas City, Schlitterbahn Waterpark in Galveston, Valleyfair near Minneapolis, and Great Escape in New York’s Adirondacks, all featuring strong regional draw.