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
(June 29, 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 June 29, 1998, a copy of which is attached
hereto as Exhibit 99 and is incorporated herein by reference,
announcing the deal to acquire megaplex theatre properties
operated by Consolidated.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits. The following Exhibits are filed with this report:
Exhibit No. Description
99 Press Release, issued June 29, 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 PROPERTIES OPERATED BY CONSOLIDATED
KANSAS CITY, Mo. (June 29, 1998) - Entertainment
Properties Trust (EPR:NYSE), a Real Estate Investment Trust
(REIT) that owns entertainment-related properties, announced
today that it has signed a binding purchase agreement to
acquire the Raleigh Grand 16 in Raleigh, N.C., operated by
Consolidated Theatres. The agreement with Consolidated
covers four properties, including the Raleigh Grand, with an
approximate value of $45 million. The Raleigh Grand
property represents a transaction value of $8.375 million.
Consolidated, based in Charlotte, N.C., is a regional movie
exhibitor that operates six theatres with more than 60
screens. It has more than 120 screens in development
throughout the southeast.
"The Raleigh Grand and other locations we have under
contract advance our strategy of buying the dominant theatre
in its respective marketplace," said President Robert L.
"Chip" Harris. "Consolidated and its principals have been
in the movie theatre business for more than 25 years and
they run the kind of operation that is crucial to the
long-term success of our investment."
-MORE-
<PAGE>
EPR PURCHASE AGREEMENT
First and final add
Since becoming publicly traded in November of 1997, EPR has
acquired more than $400 million in theatre and related properties.
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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