EPR Properties Closes on Six U.S. Parks in Regional Parks Portfolio

Key Terms

master lease financial

A master lease is a single, overarching lease agreement that covers multiple properties or assets and sets the main terms for how they will be used, paid for, and maintained—like a master key that opens many doors at once. It matters to investors because it shapes where cash flows come from, who bears operating costs and risks, and how easy it is to sell, finance, or change the assets; a strong master lease can make income more predictable, while a restrictive one can limit flexibility and increase risk.

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Canadian Property La Ronde Expected to Close in Second Quarter

Completing the Previously Announced $315 Million Portfolio Acquisition

KANSAS CITY, Mo.--(BUSINESS WIRE)-- EPR Properties (NYSE: EPR) (the “Company”) announced the closing of six U.S. parks as part of its previously announced acquisition of a seven-park portfolio from Six Flags Entertainment Corporation (NYSE: FUN). The U.S. parks comprise the substantial majority of the $315 million portfolio investment. The remaining property of La Ronde, an iconic park located in Montreal, Quebec, is expected to close in the second quarter of 2026.

Enchanted Parks will operate the six U.S. properties under a long-term master lease, and La Ronde Operations, Inc., will operate La Ronde. Both are proven operators with existing relationships with the Company.

“This closing marks a significant milestone for EPR Properties and sets the tone for what we expect to be a highly productive year,” said Gregory Silvers, Chairman and Chief Executive Officer. “These are established parks in proven regional markets, and we look forward to working with focused operating partners to drive strong performance at each property.”

About EPR Properties

EPR Properties (NYSE: EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have total assets of approximately $5.7 billion (after accumulated depreciation of approximately $1.7 billion) across 43 states and Canada. We adhere to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. We believe our focused approach provides a competitive advantage and the potential for stable and attractive returns. Further information is available at www.eprkc.com.

About Enchanted Parks

Enchanted Parks is a leading owner and operator in the entertainment and leisure industry. The third largest privately held regional park operator in the United States, Enchanted Parks operates eight properties nationwide, delivering memorable experiences across amusement parks, water parks, and destination attractions. For more information, visit www.enchantedparks.com or contact (407) 798-8384.

About La Ronde Operations, Inc.

La Ronde Operations, Inc. is owned by Kieran Burke, who, through various companies, operates and manages theme parks, water parks, accommodations and multi-use venues throughout the U.S. and Canada including EPR’s other Canadian parks, the Valcartier Resort, and Calypso Waterpark. Further information is available at https://premierparks.com/ or contact medoyon@media-rp.com, (418) 806-3696.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

With the exception of historical information, certain statements contained or incorporated by reference herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements involve numerous risks and uncertainties, and you should not rely on them as predictions of actual events. You can identify forward-looking statements by use of words such as “will be,” “intend,” “continue,” “believe,” “may,” “expect,” “hope,” “anticipate,” “goal,” “forecast,” “pipeline,” “estimates,” “offers,” “plans,” “would” or other similar expressions. For further discussion of these factors see “Item 1A. Risk Factors” in our most recent Annual Report on Form 10-K and, to the extent applicable, our Quarterly Reports on Form 10-Q. We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Except as required by law, we do not undertake any obligation to release publicly any revisions to our forward-looking statements to reflect events or circumstances after the date hereof.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260406213371/en/

EPR Properties
Brian Moriarty
Senior Vice President – Corporate Communications
brianm@eprkc.com | 816-472-1700

Source: EPR Properties