Inside EPR’s Charter School Investment Play

In the last area, the Kansas City, Mo.-based REIT has found itself a niche, with no other REITs investing in the charter school space. (On the private side, former tennis great Andre Agassi has teamed up with Canyon Capital Realty Advisors LLC to form the Canyon-Agassi Charter School Fund. That venture recently completed its first charter school development project in Philadelphia.

Entertainment Properties Trust (NYSE:EPR) is a specialty REIT that boasts an investment portfolio worth roughly $2.9 billion comprised of megaplex theaters, urban ski resorts and charter schools.

In the last area, the Kansas City, Mo.-based REIT has found itself a niche, with no other REITs investing in the charter school space. (On the private side, former tennis great Andre Agassi has teamed up with Canyon Capital Realty Advisors LLC to form the Canyon-Agassi Charter School Fund. That venture recently completed its first charter school development project in Philadelphia.

Entertainment Properties Trust counts 34 charter schools in its portfolio. This asset class, which accounts for 11 percent of the company’s overall portfolio on an asset value basis, achieved a 7.2 percent dividend yield in 2011.

Read the full article on National Real Estate Investor.

 

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