EPR Properties Expands Regional Parks Portfolio with $315M Six Flags Acquisition

Event summary

  • EPR Properties closed on six U.S. parks from a $315M portfolio acquisition from Six Flags, with one Canadian park pending.
  • The six U.S. parks will be operated by Enchanted Parks under a long-term master lease.
  • The remaining property, La Ronde in Montreal, is expected to close in Q2 2026.
  • EPR Properties is a diversified experiential net lease REIT with approximately $5.7B in total assets.

The big picture

EPR Properties' acquisition of six U.S. parks from Six Flags underscores its strategy of investing in experiential real estate. The deal, part of a $315M portfolio acquisition, positions EPR to capitalize on the growing demand for out-of-home leisure experiences. The involvement of proven operators like Enchanted Parks and La Ronde Operations suggests a focus on operational excellence and market stability.

What we're watching

Operational Performance
How Enchanted Parks will drive performance at the acquired U.S. properties under the long-term lease.
Market Dynamics
Whether the acquisition aligns with broader trends in the experiential real estate sector.
Execution Risk
The pace at which EPR Properties can integrate and optimize the newly acquired parks.

Related topics

Acquisition