Six Flags Entertainment has agreed to sell seven of its regional amusement parks to EPR Properties for $331 million in cash, the company announced.

The transaction includes Michigan's Adventure in Michigan, Schlitterbahn Waterpark Galveston in Texas, and Six Flags Great Escape in Queensbury, New York, among the seven properties being divested.

The sale represents a strategic move by Six Flags to reduce its debt burden by shedding regional park assets. EPR Properties, a real estate investment trust, will acquire the parks for total cash consideration of $331 million.

The divestiture comes as Six Flags focuses on optimizing its portfolio of theme park properties. The company operates dozens of amusement parks across North America, with flagship locations including Six Flags Magic Mountain in California and Six Flags Great Adventure in New Jersey.

Financial terms indicate the parks are being sold at prices that reflect their regional market positions rather than the premium valuations typically associated with major destination theme parks. The transaction is expected to provide Six Flags with immediate liquidity to address its capital structure.