EPR Properties Closes on Six U.S. Parks in Regional Parks Portfolio
EPR Properties (NYSE: EPR) closed on six U.S. parks as part of its previously announced $315 million acquisition of a seven-park portfolio from Six Flags Entertainment (NYSE: FUN).
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Canadian Property La Ronde Expected to Close in Second Quarter
Completing the Previously Announced
Enchanted Parks will operate the six
“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
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
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
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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.
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EPR Properties
Brian Moriarty
Senior Vice President – Corporate Communications
brianm@eprkc.com | 816-472-1700
Source: EPR Properties