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.
-----------
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.
