Form: SC TO-T

Tender offer statement by Third Party

April 10, 2001

SC TO-T: Tender offer statement by Third Party

Published on April 10, 2001



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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

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SCHEDULE TO
(RULE 14d-100)
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OR 13(e)(1) OF
THE SECURITIES EXCHANGE ACT OF 1934

ENTERTAINMENT PROPERTIES TRUST
(NAME OF SUBJECT COMPANY)

BRT REALTY TRUST
(NAME OF FILING PERSONS-OFFEROR)

COMMON SHARES OF BENEFICIAL INTEREST,
PAR VALUE $0.01 PER SHARE
(TITLE OF CLASS OF SECURITIES)

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29380T105
(CUSIP NUMBER OF CLASS OF SECURITIES)

SIMEON BRINBERG
BRT REALTY TRUST
60 CUTTER MILL ROAD
GREAT NECK, NEW YORK 11021
TELEPHONE: (516) 466-3100
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES
AND COMMUNICATIONS ON BEHALF OF FILING PERSONS)

COPIES TO:
LAWRENCE LEDERMAN
MILBANK, TWEED, HADLEY & MCCLOY LLP
ONE CHASE MANHATTAN PLAZA
NEW YORK, NEW YORK 10005
TELEPHONE: (212) 530-5732

CALCULATION OF FILING FEE



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TRANSACTION VALUATION* AMOUNT OF FILING FEE
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$18,000,000 $3,600
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* Estimated for purposes of calculating the amount of the filing fee only. The
amount assumes the purchase of a total of 1,000,000 shares of the outstanding
common shares of beneficial interest, par value $0.01 per share, at a price
per Share of $18.00 in cash.

[ ] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the Form
or Schedule and the date of its filing.



AMOUNT PREVIOUSLY PAID: FILING PARTY:
FORM OR REGISTRATION NO.: DATE FILED:


[ ] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the
statement relates:

[X] third-party tender offer subject to Rule 14d-1.

[ ] issuer tender offer subject to Rule 13e-4.

[ ] going-private transaction subject to Rule 13e-3.

[ ] amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results
of the tender offer. [ ]

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ITEMS 1 THROUGH 9, AND ITEM 11.

This Tender Offer Statement on Schedule TO is filed by BRT Realty Trust, a
Massachusetts business trust ("BRT"). This Schedule TO relates to the offer by
BRT to purchase up to 1,000,000 common shares of beneficial interest, par value
$0.01 per share (the "Shares"), of Entertainment Properties Trust, a Maryland
real estate investment trust (the "Company"), at a price of $18.00 per Share,
net to the seller in cash, without interest, upon the terms and subject to the
conditions set forth in the Offer to Purchase, dated April 10, 2001 ("Offer to
Purchase"), and in the related Letter of Transmittal, copies of which are
attached hereto as Exhibits (a)(1) and (a)(2), respectively (which, together
with any amendments or supplements thereto, collectively constitute the
"Offer"). The information set forth in the Offer to Purchase and the related
Letter of Transmittal is incorporated herein by reference with respect to Items
1 through 9 and 11 of this Schedule TO.

ITEM 10. FINANCIAL STATEMENTS.

Not applicable.

ITEM 12. EXHIBITS.



(a)(1) Offer to Purchase dated April 10, 2001.
(a)(2) Letter of Transmittal (including Guidelines for
Certification of Taxpayer Identification Number on
Substitute Form W-9).
(a)(3) Notice of Guaranteed Delivery.
(a)(4) Letter to Brokers, Dealers, Commercial Banks, Trust
Companies and Other Nominees.
(a)(5) Letter to Clients for use by Brokers, Dealers, Commercial
Banks, Trust Companies and Other Nominees.
(a)(6) Letter to Shareholders, dated March 30, 2001.*
(a)(7) Press release issued by BRT, dated April 2, 2001.*
(a)(8) Letter to Shareholders, dated April 10, 2001.
(a)(9) Press release issued by BRT, dated April 10, 2001.
(b) None.
(d) None.
(g) None
(h) None.


*Previously filed.

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SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

BRT REALTY TRUST

/s/ SIMEON BRINBERG
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(Signature)

Simeon Brinberg,
Senior Vice President

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(Name and Title)

April 10, 2001
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(Date)

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EXHIBIT INDEX



EXHIBIT NO.
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(a)(1) Offer to Purchase dated April 10, 2001.
(a)(2) Letter of Transmittal (including Guidelines for
Certification of Taxpayer Identification Number on
Substitute Form W-9).
(a)(3) Notice of Guaranteed Delivery.
(a)(4) Letter to Brokers, Dealers, Commercial Banks, Trust
Companies and Other Nominees.
(a)(5) Letter to Clients for use by Brokers, Dealers, Commercial
Banks, Trust Companies and Other Nominees.
(a)(6) Letter to Shareholders, dated March 30, 2001.*
(a)(7) Press release issued by BRT, dated April 2, 2001.*
(a)(8) Letter to Shareholders, dated April 10, 2001.
(a)(9) Press release issued by BRT, dated April 10, 2001.
(b) None.
(d) None.
(g) None.
(h) None.


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* Previously filed.

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