EPR Eyes Amusement Park Portfolio for $342M

March 6, 2026

The deal is scheduled to close in the next several months.

Exterior shot of a Six Flags amusement and waterpark in Los Angeles. — Enchanted Parks will oversee day-today operations at EPR Properties’ amusement parks on U.S. territory.
*Image by Chris Chambers/AdobeStock*

EPR Properties has entered into a definitive agreement with Six Flags Entertainment Corp. to purchase a seven-property amusement park portfolio for $342 million. The buyer provided roughly $315 million of the total amount, while operating tenants originated the remaining sum, as well as additional funds for capital improvements.

The transaction is expected to close by the end of the second quarter.

The deal marks EPR Properties’ largest acquisition since 2017. The company’s current portfolio is valued at $5.7 billion in assets spread across 43 U.S. states and in Canada.

The amusement parks in the portfolio total more than 1,600 acres and feature 418 attractions. Six out of the seven assets in the portfolio are located across five U.S. states. The seventh amusement park is located in Canada. The properties are:

Worlds of Fun – Amusement & Waterpark in Kansas City, Mo.
Valleyfair – Amusement & Waterpark in Minneapolis
Six Flags St. Louis – Amusement & Waterpark in St. Louis
Schlitterbahn Waterpark Galveston – Waterpark in Galveston, Texas
Michigan’s Adventure – Amusement & Waterpark in Grand Rapids, Mich.
Six Flags Great Escape – Amusement & Waterpark in Queensbury, N.Y.
Six Flags La Ronde – Amusement Park in Montreal

Upon finalization of the deal, the U.S. properties will be leased and managed by Enchanted Parks—formerly dubbed Innovative Attraction Management, while the Canadian asset will be leased and operated by La Ronde Operations Inc.

Retail landscape looks up

Retail investment in 2026 is expected to remain selective, with capital concentrating on prime locations and newer or recently renovated properties that can sustain traffic and pricing. Necessity-based retail and well-positioned mixed-use projects are set to continue to draw interest, while mid-tier and aging assets face widening performance gaps.

With high construction and operating costs still pressuring returns, investors are likely to favor redevelopment and repositioning over ground-up starts. Capital is flowing into traffic-driving amenities and selective reinvestment aimed at upgrading underperforming space.

EPR Properties