UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934
Date of Report (Date of earliest event reported) July 13, 1998
(July 10, 1998)
ENTERTAINMENT PROPERTIES TRUST
(Exact name of Registrant as specified in its charter)
Maryland 43-179877
(State or other jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
One Kansas City Place
1200 Main Street, Suite 3250, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code(816) 472-1700
_________________________________________________________________
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
Entertainment Properties Trust (the "Company") issued a
press release on July 10, 1998, a copy of which is attached
hereto as Exhibit 99 and is incorporated herein by reference,
announcing the deal to acquire megaplex theatre property operated
by Muvico.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits. The following Exhibits are filed with
this report:
Exhibit No. Description
99 Press Release, issued July 10, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, hereunto duly authorized.
ENTERTAINMENT PROPERTIES TRUST
By: /s/ R. Scott Christian
R. Scott Christian, Treasurer
Date: July 13, 1998
EXHIBIT 99
CONTACT: Jonathan B. Weis FOR IMMEDIATE RELEASE
Director of Corporate Communications
Entertainment Properties Trust
(816) 472-1700
Joe Keenan, Sturges + Word
(816) 221-7500
ENTERTAINMENT PROPERTIES TRUST ANNOUNCES DEAL TO ACQUIRE
MEGAPLEX THEATRE PROPERTY OPERATED BY MUVICO
KANSAS CITY, Mo. (July 10, 1998) -- Entertainment
Properties Trust (EPR:NYSE), a Real Estate Investment Trust
(REIT) that owns entertainment-related properties, announced
today that it has signed a definitive agreement to acquire
the Muvico Pompano 18 in Pompano Beach, Fla., operated by
Muvico Theaters, Inc.
Muvico Theaters is a regional movie exhibitor based in Fort
Lauderdale, Fla., that operates seven theatres with 55
screens in that state and has 250 screens in development
throughout the southeast.
The agreement provides for the purchase of the land and
building known as the Pompano 18 for approximately $16
million. Further, the purchase agreement contemplates the
acquisition by Entertainment Properties Trust of up to six
additional megaplex properties to be developed over the next
two years with an estimated value of $120 million. Two of
the six additional megaplex properties will be located in
Davie, Fla., and Gainesville, Fla.
-more-
<PAGE>
EPR PURCHASE AGREEMENT
First and final add
"Hamid Hashemi, president of Muvico, and the rest of his
excellent staff, have embarked upon a very exciting
expansion of the Muvico brand," said President Robert L.
"Chip" Harris. "The Pompano 18 is the first of many
theatres that Entertainment Properties and Muvico expect to
do together."
Entertainment Properties Trust is a Real Estate Investment
Trust whose principal business strategy is to acquire and
develop a diversified portfolio of high-quality properties
leased to major entertainment-related business operators.
The company's common shares of beneficial interest are
traded on the New York Stock Exchange under the ticker
symbol EPR.
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