EPR Properties, formerly Entertainment Properties Trust, is a

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

based in

Kansas City, Missouri Kansas City, Missouri, abbreviated KC or KCMO, is the largest city in the U.S. state of Missouri by List of cities in Missouri, population and area. The city lies within Jackson County, Missouri, Jackson, Clay County, Missouri, Clay, and Pl ...

, that invests in

amusement park An amusement park is a park that features various attractions, such as rides and games, and events for entertainment purposes. A theme park is a type of amusement park that bases its structures and attractions around a central theme, often fea ...

movie theater A movie theater (American English) or cinema (English in the Commonwealth of Nations, Commonwealth English), also known as a movie house, cinema hall, picture house, picture theater, the movies, the pictures, or simply theater, is a business ...

ski resort A ski resort is a resort developed for skiing, snowboarding, and other winter sports. In Europe, most ski resorts are towns or villages in or adjacent to a ski area–a mountainous area with pistes (ski trails) and a ski lift system. In North Am ...

s, and other entertainment properties. It owns 353 properties as of 2022.

History

Entertainment Properties Trust was created by

AMC Entertainment AMC Entertainment Holdings, Inc. (doing business as AMC Theatres, originally an abbreviation for American Multi-Cinema; often referred to simply as AMC) is an American movie theater chain founded in Kansas City, Missouri, and now headquartered ...

executive Peter Brown and financial analyst David Brain. They decided to establish a REIT focused on

megaplex A multiplex is a movie theater complex with multiple screens or auditoriums within a single complex. They are usually housed in a specially designed building. Sometimes, an existing venue undergoes a renovation where the existing auditoriums a ...

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 An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

in November 1997, raising $278 million. By March 1998, Entertainment Properties had purchased 13 AMC theaters in

sale-and-leaseback Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done fo ...

transactions. In 2005, the company established VinREIT, a subsidiary focused on

vineyard A vineyard ( , ) is a plantation of grape-bearing vines. Many vineyards exist for winemaking; others for the production of raisins, table grapes, and non-alcoholic grape juice. The science, practice and study of vineyard production is kno ...

properties. It purchased a portfolio of six vineyards and wineries from

Constellation Brands Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. A ''Fortune'' 500 company, Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share (7.4 pe ...

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 A charter school is a school that receives government funding but operates independently of the established state school system in which it is located. It is independent in the sense that it operates according to the basic principle of autono ...

properties in 2007, primarily through a deal with

Imagine Schools Imagine Schools is a charter management organization in the United States, operating 55 schools in 9 states. They are K-8, for the most part. In 2015, Imagine schools had enrolled 29,812 students. Imagine Schools was founded by Dennis and Eileen ...

. 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 CNL Financial Group (CNL), formerly Commercial Net Lease, is an Orlando, Florida based private investment management and commercial real estate company. It was started in 1973 by James Seneff. The company has been a major player in efforts to rede ...

for $456 million, comprising the

Northstar California Northstar California (previously Northstar-at-Tahoe) is a mountain resort in the western United States, located in Placer County, California, near the northwest shore of Lake Tahoe. Approximately from the San Francisco Bay Area, the resort f ...

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.

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 Calypso Theme Waterpark is a waterpark located in Limoges, Ontario, Canada, about east of Ottawa. The park opened to the public on June 7, 2010. The park features 35 waterslides, a wave pool (the largest in Canada) and two lazy rivers as wel ...

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Limoges, Ontario Limoges, Ontario is a growing town located in the United Counties of Prescott and Russell approximately 35 kilometres (22 mi) east of Ottawa and is home to Calypso, Canada's largest water park. The east and north sides of the community are ...

* Camelbeach Waterpark —

Tannersville, Pennsylvania Tannersville is a village in Pocono Township, Pennsylvania. It is the site of the Camelback Mountain Resort, a popular ski and waterpark resort in Pocono Mountains, The Poconos. As of 2000, the population of Tannersville was 2,784. The community ...

Frontier City Frontier City is a western-themed amusement park in Oklahoma City, Oklahoma, U.S. It is owned by EPR and operated by Six Flags. The park opened in 1958. Prior to the company's merger with Cedar Fair, Frontier City was one of only two Six Flag ...

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Oklahoma City, Oklahoma Oklahoma City (), officially the City of Oklahoma City, and often shortened to OKC, is the List of capitals in the United States, capital and List of municipalities in Oklahoma, most populous city of the U.S. state of Oklahoma. The county seat ...

Hawaiian Falls Garland Hawaiian Falls Waterparks is a chain of waterparks operated by ProParks Management Company. The five locations Hawaiian Falls operates are located across the Dallas-Fort Worth metroplex area and Central Texas. History 2002–2003 The Hawa ...

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Garland, Texas Garland is a city in the U.S. state of Texas, located within Dallas County, Texas, Dallas County with portions extending into Collin County, Texas, Collin and Rockwall County, Texas, Rockwall counties. It is located northeast of Dallas and is a ...

Hawaiian Falls The Colony Hawaiian Falls Waterparks is a chain of waterparks operated by ProParks Management Company. The five locations Hawaiian Falls operates are located across the Dallas-Fort Worth metroplex area and Central Texas. History 2002–2003 The Hawaii ...

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The Colony, Texas The Colony is a city in Denton County, Texas, United States, and a suburb of Dallas. The population was 44,534 at the 2020 census. History The Colony derives its name from the original Peters Colony. The Peters Colony headquarters was locate ...

* Magic Springs —

Hot Springs, Arkansas Hot Springs is a resort city in the state of Arkansas and the county seat of Garland County, Arkansas, Garland County. The city is located in the Ouachita Mountains among the U.S. Interior Highlands, and is set among several natural hot springs ...

Pacific Park Pacific Park is an oceanfront amusement park located in Santa Monica, California. The park, located on the Santa Monica Pier, looks directly out on the Pacific Ocean, in the direction of Santa Catalina Island. It is the only amusement park di ...

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Santa Monica, California Santa Monica (; Spanish language, Spanish: ''Santa Mónica'') is a city in Los Angeles County, California, Los Angeles County, situated along Santa Monica Bay on California's South Coast (California), South Coast. Santa Monica's 2020 United Sta ...

Rapids Water Park Rapids Water Park is a water park in Riviera Beach, Florida, United States, that occupies 30 acres. The park includes 42 slides and attractions, including a wave pool (up to six-foot waves), dual seven-story speed slides, and a quarter-mile lazy ...

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Riviera Beach, Florida Riviera Beach is a city in Palm Beach County, Florida, United States, which was incorporated on September 29, 1922. Due to the location of its eastern boundary, it is also the easternmost municipality in the Miami metropolitan area. In the 2020 ...

Six Flags Darien Lake Six Flags Darien Lake (also known as Six Flags Darien Lake Resort and formerly known as Darien Lake Fun Country, Darien Lake, and Darien Lake Theme Park Resort) is a 1,200-acre (4.86 km2) amusement park and resort located in Darien, New York ...

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Darien, New York Darien is a town in Genesee County, New York, United States. The population was 3,010 at the 2020 census. Darien lies in the southwestern part of Genesee County, southwest of Batavia. History During the early historic period, the area was ...

* Six Flags Hurricane Harbor Concord —

Concord, California Concord ( ) is the most populous city in Contra Costa County, California, Contra Costa County, California, United States. According to an estimate completed by the United States Census Bureau, the city had a population of 124,016 in 2024, maki ...

* Six Flags Hurricane Harbor Oklahoma City —

Six Flags Hurricane Harbor Phoenix Six Flags Six Flags Entertainment Corporation is an American amusement park company headquartered in Charlotte, North Carolina, United States. It was formed on July 2, 2024, following a merger between longtime rivals Cedar Fair and the form ...

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Glendale, Arizona Glendale () is a city in Maricopa County, Arizona, United States. Located about nine miles northwest of the state capital Phoenix, Glendale is known for State Farm Stadium, which is the home of the Arizona Cardinals football team. The city al ...

Six Flags Hurricane Harbor SplashTown Six Flags Hurricane Harbor Splashtown is a water park located north of Houston in Spring, Texas, United States.Spring, Texas Spring is a census-designated place (CDP) within the extraterritorial jurisdiction of Houston in Harris County, Texas, Harris County, Texas, United States, part of the metropolitan area. The population was 62,559 at the 2020 United States cens ...

* Valcartier Outdoor Water Park —

Québec City, Québec Quebec City is the capital city of the Provinces and territories of Canada, Canadian province of Quebec. As of July 2021, the city had a population of 549,459, and the Census Metropolitan Area (including surrounding communities) had a populati ...

* Valcartier Indoor Bora Parc —

Wet'n'Wild Hawaii Wet'n'Wild Hawaii (formerly Hawaiian Waters Adventure Park) is a Hawaiian water park, located in Kapolei, Hawaii, Kapolei in the City and County of Honolulu on Oahu. The park occupies of land and has more than 25 rides and attractions. It is cur ...

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Kapolei, Hawaii Kapolei () is a New town, planned community in the Honolulu County, Hawaii, City and County of Honolulu, Hawaiʻi, United States, on the island of Oahu, Oʻahu. In 1977, the government designated it as the "second city" of Oʻahu, in relation ...

Wild Waves Theme Park Wild Waves Theme & Water Park is an amusement park and water park in Federal Way, Washington. Opened in 1977 as The Enchanted Village (with its accompanying water park, Wild Waves, opening in 1984),''Washington State's Enchanted Parks Announces ...

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Federal Way, Washington Federal Way is a city in King County, Washington, United States and part of the Seattle metropolitan area. One of the most recently incorporated cities in the county, its population was 101,030 at the 2020 United States census, 2020 census. Feder ...

Eat-and-play properties

* Entertainment Centrum — 4 locations in

Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...

New Roc City New Roc City, also known as New Rochelle Center or simply New Roc, is an entertainment, retail and residential complex in the Downtown section of the city of New Rochelle in Westchester County, New York. It is located at 33 LeCount Place, betwe ...

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New Rochelle, New York New Rochelle ( ; in ) is a Political subdivisions of New York State#City, city in Westchester County, New York, Westchester County, New York (state), New York, United States. It is a suburb of New York City, located approximately from Midtow ...

* Ninkasi Brewing Tasting Room —

Eugene, Oregon Eugene ( ) is a city in and the county seat of Lane County, Oregon, United States. It is located at the southern end of the Willamette Valley, near the confluence of the McKenzie River (Oregon), McKenzie and Willamette River, Willamette rivers, ...

Topgolf Topgolf International, Inc. is an American, multinational sports-entertainment company headquartered in Dallas, Texas. It is known for its eponymous, golf-based driving range game; which includes electronically tracked golf balls and automatica ...

— 36 locations

Ski resorts

Alpine Valley Ski Area Alpine Valley Ski Area is a ski resort located in Munson Township, Geauga County, in the U.S. state of Ohio, east of Chesterland. It was built in 1965 under the direction of Thomas D. Apthorp, who then continued to operate and manage the re ...

Alyeska Resort Alyeska Resort is a ski resort in the Girdwood area of Anchorage, Alaska, approximately from downtown Anchorage. Mount Alyeska is part of the Chugach mountain range and the Alyeska Resort is the largest ski area in the state. It includes the ...

* Boston Mills/Brandywine Ski Resort *

Camelback Mountain Resort Camelback Resort is a four season resort located in Tannersville, Pennsylvania in the Pocono Mountains in Northeastern Pennsylvania. The resort opened in December 1963. It is the largest ski resort in the Poconos. History and features In the ...

* Hunter Mountain * Jack Frost Ski Resort / Big Boulder Mountain *

Mad River Mountain Mad River Mountain is a ski and snowboard resort in Valley Hi, Ohio, United States. The elevation of Mad River Mountain is with a vertical drop of , and it has a ski season that runs from approximately mid-December through mid-March. The resor ...

Mount Snow Mount Snow (previously known as Mount Pisgah) is a mountain and ski resort in southern Vermont located in the Green Mountains. It is Vermont's southernmost big mountain, and therefore, closest to many Northeast metropolitan areas. In Septem ...

Village Vacances Valcartier A village is a human settlement or community, larger than a hamlet but smaller than a town with a population typically ranging from a few hundred to a few thousand. Although villages are often located in rural areas, the term urban village ...

Museums

City Museum City Museum is a museum whose exhibits consist largely of Repurposing, repurposed architectural and industrial objects, housed in the former International Shoe building in the Washington Avenue Loft District of St. Louis, Missouri, United Stat ...

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St. Louis, Missouri St. Louis ( , sometimes referred to as St. Louis City, Saint Louis or STL) is an Independent city (United States), independent city in the U.S. state of Missouri. It lies near the confluence of the Mississippi River, Mississippi and the Miss ...

* Titanic Museum —

Branson, Missouri Branson is a city in the U.S. state of Missouri. Most of the city is situated in Taney County, Missouri, Taney County, with a small portion in the west extending into Stone County, Missouri, Stone County. Branson is in the Ozarks, Ozark Mountain ...

* Titanic Museum —

Pigeon Forge, Tennessee Pigeon Forge is a mountain resort city in Sevier County, Tennessee, United States. The population was 6,343 at the 2020 census. Situated north of Great Smoky Mountains National Park, Pigeon Forge is a tourist destination that caters primarily t ...

References

External links

* * {{S&P 400 companies Financial services companies established in 1997 Real estate investment trusts of the United States Companies listed on the New York Stock Exchange Companies in the S&P 400 Companies based in Kansas City, Missouri 1997 initial public offerings