A Kansas City-based real estate investment trust with about $7.1 billion in investment has acquired the Percy Priest Lake-fronting property home to Nashville Shores waterpark.
According to a Davidson County Register of Deeds document, EPR Properties — which owns downtown Nashville’s Margaritaville Nashville Hotel building and the real estate and physical structures for multiple Topgolf locations — paid $12,068,700 for the property (which is part of a 385-acre site owned by the U.S. Corps of Army Engineers).
The document notes the EPR acquisition involves the Nashville Shores water slides, pools, ziplines and rope courses. Nashville Shores is located at 4001 Bell Road.
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Billed as an owner of “experiential” properties, EPR owns theaters, ski facilities, casinos/gaming property, amusement parks (including several former Six Flags locations) and wildlife parks.
In March, EPR paid $70 million for the Margaritaville hotel building that sits in SoBro. Located at 425 Rep. John L. Lewis Way, the 12-story structure opened in 2019.
The seller of the Nashville Shores site was Nashville Shores Holdings LLC. That entity seemingly will maintain operations of the park with a lease-back arrangement with EPR, according to a separate Davidson County Register of Deeds document. It is unclear if EPR will have a ground lease with the U.S. Corps of Army Engineers.
Nashville Shores opened in 1998 on the site previously housing Hermitage Landing. The latter, which began operations in 1971, served as a marina, campground and recreational complex, with those offerings still in operation.
Nashville Shores is highlighted by Riptide Racer, a five-story-tall, mat-racing water slide; a “gigantic” wave pool; and Kowabunga Beach, a water treehouse and playground. The water park is open on select days May through September.
EPR, shares of which trade on the New York Stock Exchange, owns 335 properties and has a presence in 42 U.S. states and in Canada, according to its website. The company reported about $718.4 million in total revenue in 2025, up from the $698 million it recorded in 2024.
This article was first published by our sister publication, the Nashville Post.
