# EPR Properties

EPR Properties is an Asset Manager based in Kansas City, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Kansas City, United States
- **Region:** North America
- **Address:** Kansas City, MO, United States
- **Founded:** 1997
- **Assets under management:** ~$5.7B in total assets (per the firm, 2024)
- **Website:** eprkc.com

## Regulatory record

- **Reports private funds:** No

## About

EPR Properties is a specialty REIT that invests in megaplex movie theatres, public charter schools, and other destination recreational and specialty properties. The company adheres to underwriting and investing criteria centered on cash flow. EPR Properties has made one investment, in Gravity Haus, and one portfolio exit, EPR Properties - Charter School Portfolio.

## Sectors

- Real Estate
- Media & Entertainment
- Education

## People

- Gregory Silvers — President & Chief Executive Officer
- Mark Peterson — Executive Vice President & Chief Financial Officer

## Questions

### What happened to EPR's education investment portfolio?

EPR historically maintained an education segment that owned private school and early childhood education facilities. The firm announced a strategic shift toward pure-play experiential real estate and completed the full divestiture of its education assets in September 2024. Proceeds from the sale were recycled into experiential acquisitions and debt reduction.

### Is EPR Properties structured more like a REIT or an operating company?

EPR is a publicly traded equity REIT on the New York Stock Exchange under ticker EPR, meaning it must distribute at least 90% of taxable income to shareholders. The firm employs no external manager and takes no carried interest or promote on its deals — all revenue flows from lease payments, which the firm collects without involvement in the operations of the venues sitting on its land.

### Which sectors does EPR Properties explicitly avoid?

EPR avoids any real estate category where the underlying experience can be replicated digitally or delivered to the home. Office buildings, data centers, industrial warehouses, multifamily apartments, and net-lease retail are all explicitly outside the mandate. The firm's investment committee screens out any proposed acquisition that does not fit within its three experiential verticals: theaters, eat-and-play, and attractions.

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Last updated: 2026-06-03T20:00:00.000Z

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