Add-on Acquisition • Real Estate

EPR Properties Acquires CNL Lifestyle Properties

On April 6, 2017, EPR Properties acquired real estate company CNL Lifestyle Properties for 456M USD

Acquisition Context
  • This is EPR Properties’ 1st transaction in the Real Estate sector.
  • This is EPR Properties’ largest (disclosed) transaction.
  • This is EPR Properties’ 2nd transaction in the United States.
  • This is EPR Properties’ 1st transaction in Florida.

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M&A Deal Summary

Date April 6, 2017
Target CNL Lifestyle Properties
Sector Real Estate
Buyer(s) EPR Properties
Deal Type Add-on Acquisition
Deal Value 456M USD
Advisor(s) Jefferies (Financial)
Lowndes
Arnold & Porter (Legal)

Target Company

CNL Lifestyle Properties

Orlando, Florida, United States
CNL Lifestyle Properties, Inc. is a real estate investment trust that owns a portfolio of 67 properties in the United States and Canada in the lifestyle sectors. CNL Lifestyle Properties specializes in the acquisition of ski and mountain lifestyle, attractions, marinas and additional lifestyle properties.
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Buyer Overview 1

Buyer

EPR Properties

Kansas City, Missouri, United States

Category Company
Sector Real Estate
Employees55
Revenue 641M USD (2024)
DESCRIPTION

EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. EPR Properties is based in Kansas City, Missouri.


Deal Context for Buyer #
Overall 2 of 2
Sector: Real Estate 1 of 1
Type: Add-on Acquisition 2 of 2
State: Florida 1 of 1
Country: United States 2 of 2
Year: 2017 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-11 Camelback Resort

Tannersville, Pennsylvania, United States

Camelback Resort is a four-season mountain resort. The resort consists of 160 acres of skiable terrain and includes a waterpark, an outdoor adventure park, a 40 lane tubing facility and base lodge. The resort attracts approximately 900,000 visitors annually. Camelback Resort was founded in 1963 and is based in Tannersville, Pennsylvania.

Buy $70M