ENTERTAINMENT PROPERTIES TRUST

EPR Properties, formerly Entertainment Properties Trust, is a real estate investment trust based in Kansas City, Missouri, that invests in amusement parks, movie theaters, ski resorts, and other entertainment properties as well as private schools and early childhood education centers in the United States and Canada. It owns 353 properties as of 2022.

History

Entertainment Properties Trust was created by AMC Entertainment executive Peter Brown and financial analyst David Brain. They decided to establish a REIT focused on megaplex movie theaters after failing to find an existing REIT to help finance AMC's development of theaters. The company was incorporated on August 22, 1997. It held its initial public offering in November 1997, raising $278 million. By March 1998, Entertainment Properties had purchased 13 AMC theaters in sale-and-leaseback transactions.

In 2005, the company established VinREIT, a subsidiary focused on vineyard properties. It purchased a portfolio of six vineyards and wineries from Constellation Brands in 2008 for $115 million. By 2010, the company was "evaluating" VinREIT after a downturn in the wine industry, and in 2011, all of the wine properties were put up for sale. The sales were completed by 2014.

Entertainment Properties Trust began investing in charter school properties in 2007, primarily through a deal with Imagine Schools. By 2012, the company owned 41 schools.

The company changed its name to EPR Properties in 2012 to reflect its diversification into recreation and education properties.

In 2015, Brain retired as chief executive officer.

In 2017, EPR bought a portfolio of properties from CNL Financial Group for $456 million, comprising the Northstar California ski resort, 15 waterparks and amusement parks, and 5 small family entertainment centers.

In November 2019, the company sold its portfolio of charter schools for $454 million.

In March 2026, it was announced EPR Properties would acquire seven properties from Six Flags, consisting of six amusement parks and a water park, for $331 million. As of April 6, 2026, the sale of the United States parks were completed, while La Ronde in Canada is pending completion.

Properties

As of 2022, the company owns 353 properties, including 175 movie theaters, 74 education properties, 56 eat-and-play properties, 18 amusement parks and water parks, 11 ski resorts, and 8 hotels.

Notable properties are listed below.

Amusement parks and water parks

Calypso Park — Limoges, Ontario

Camelbeach Waterpark — Tannersville, Pennsylvania

Enchanted Forest Water Safari - Old Forge, New York

Frontier City — Oklahoma City, Oklahoma

Great Escape — Queensbury, New York

Great Escape Lodge — Queensbury, New York

Hawaiian Falls Garland — Garland, Texas

Hawaiian Falls The Colony — The Colony, Texas

La Ronde — Montreal, Québec

Magic Springs — Hot Springs, Arkansas

Michigan's Adventure and WildWater Adventure — Muskegon, Michigan

Nashville Shores - Nashville, Tennessee

Pacific Park — Santa Monica, California

Rapids Water Park — Riviera Beach, Florida

Six Flags Darien Lake — Darien, New York

Schlitterbahn Galveston — Galveston, Texas

Six Flags St. Louis and Hurricane Harbor St. Louis — Eureka, Missouri

Six Flags Hurricane Harbor Concord — Concord, California

Six Flags Hurricane Harbor Oklahoma City — Oklahoma City, Oklahoma

Six Flags Hurricane Harbor Phoenix — Glendale, Arizona

Six Flags Hurricane Harbor SplashTown — Spring, Texas

Valleyfair and Superior Shores — Shakopee, Minnesota

Village Vacances Valcartier — Québec City, Québec

Valcartier Indoor Bora Parc — Québec City, Québec

Wet'n'Wild Hawaii — Kapolei, Hawaii

Wild Waves Theme Park — Federal Way, Washington

Worlds of Fun and Oceans of Fun — Kansas City, Missouri

Eat-and-play properties

Entertainment Centrum — 4 locations in Ontario

New Roc City — New Rochelle, New York

Ninkasi Brewing Tasting Room — Eugene, Oregon

Topgolf — 36 locations

Ski resorts

Alpine Valley Ski Area

Alyeska Resort

Boston Mills/Brandywine Ski Resort

Camelback Mountain Resort

Hunter Mountain

Jack Frost Ski Resort / Big Boulder Mountain

Mad River Mountain

Northstar California

Village Vacances Valcartier (sliding only)

Museums

City Museum — St. Louis, Missouri

Titanic Museum — Branson, Missouri

Titanic Museum — Pigeon Forge, Tennessee

Golf Courses

Reunion Golf and Country Club - Madison, Mississippi