PALM BEACH, FL—CNL Lifestyle Properties has snapped up Rapids Water Parks, a 30-acre family water park in West Palm Beach. Financial terms of the deal were not disclosed.

Rapids Water Park offers one of the largest and most diverse collections of water attractions in the United States. The park includes 35 water slides and thrill rides, a 25,000-square-foot wave pool, multiple kids play areas, and a lazy river.

“Rapids Water Park is a complementary addition to our portfolio as we have enjoyed good performance from our standalone water parks such as Splashtown in Houston,” Curt Caffey, senior vice president and managing director of CNL Financial Group, tells GlobeSt.com. “These water parks offer consumers a unique product in the market with attractive margins for investors.”