EPR Properties has signed definitive agreements to acquire a portfolio of seven regional parks from Six Flags Entertainment Corporation in a cash transaction valued at $331 million. The deal expands EPR’s holdings in the attractions and experiential real estate sector through a single, multi-property portfolio acquisition.
The portfolio includes parks spread across six U.S. states and Canada. According to the companies, the properties collectively cover more than 1,600 acres located in Missouri, Minnesota, Texas, Michigan, New York, and Canada. While specific park names and individual locations were not disclosed, the assets are described as established regional entertainment destinations.
In 2025, the seven parks generated a combined $260 million in net revenue. Over the same period, they attracted approximately 4.5 million guests, highlighting the scale of the portfolio and the volume of attendance supporting the underlying operating performance.
Following the acquisition, the operating structure for the properties will shift to a lease-based model with dedicated operating entities. The six regional parks located in the United States will be leased to and operated by Enchanted Parks under a long-term master lease. The one park located in Canada will be leased to and operated by La Ronde Operations, Inc. The duration and specific financial terms of these leases were not disclosed.
Commenting on the transaction, Gregory K. Silvers, Chairman and Chief Executive Officer of EPR Properties, described the acquisition as a strategic move for the company. He stated that the portfolio represents a compelling opportunity to expand EPR’s attractions platform with high-quality experiential real estate assets in established regional markets. His remarks underscore EPR’s continued focus on income-generating entertainment and leisure properties.
Although Six Flags is divesting the ownership of the seven parks through this transaction, the announcement confirms that the parks will maintain their regular operating schedules. No changes to hours, seasonality, or guest access were detailed as part of the deal summary. Additional information on closing timing, capital structure, or any related financing arrangements was not provided in the announcement.
The transaction highlights ongoing capital allocation and portfolio repositioning activity involving large-scale entertainment properties, with institutional real estate capital engaging around proven attendance and revenue profiles. However, the parties have not released further details on anticipated closing dates, anticipated yield metrics, or any future plans for reinvestment in the properties.
