Nashville Shores Property Sells for $12 Million

EPR Properties, a Kansas City-based real estate investment trust, has acquired the Nashville Shores waterpark property for approximately $12.07 million. The transaction includes the park's physical infrastructure such as water slides and ziplines, while the seller, Nashville Shores Holdings LLC, will continue to manage operations via a lease-back agreement. This acquisition underscores the growing institutional interest in experiential real estate assets and expands EPR's significant investment portfolio within the Nashville area.

EPR Properties paid exactly $12,068,700 for the Percy Priest Lake-fronting property at 4001 Bell Road, which sits on a 385-acre site owned by the U.S. Army Corps of Engineers. The deal encompasses the park’s various attractions, including the Riptide Racer mat-racing slide, a large wave pool, and the Kowabunga Beach water playground, as well as ziplines and rope courses. According to Davidson County records, the seller, Nashville Shores Holdings LLC, will maintain operations of the facility, which also includes a marina and campground, under a lease-back arrangement with the REIT.

This acquisition aligns with EPR Properties’ broader strategy of investing in "experiential" real estate, a portfolio that currently includes 335 properties across 42 U.S. states and Canada. The Kansas City-based REIT, which has approximately $7.1 billion in total investment, owns a diverse array of assets including theaters, ski facilities, casinos, and multiple Topgolf locations. The firm is already a major player in the Nashville market, having recently spent $70 million in March to acquire the 12-story Margaritaville Nashville Hotel building in the SoBro district.

Nashville Shores has operated at its current location since 1998, succeeding the Hermitage Landing recreational complex that originally opened in 1971. The park remains a seasonal destination, operating from May through September, and its sale reflects the financial strength of EPR Properties, which reported total revenue of $718.4 million in 2025. While the REIT now owns the physical structures and improvements, it remains unclear if the company will enter into a direct ground lease with the U.S. Army Corps of Engineers for the underlying land.