PRESS RELEASE
Published on April 30, 2001
BRT REALTY TRUST
60 Cutter Mill Road
Great Neck, NY 11021
(516) 466-3100 - Telephone
(516) 466-3132 - Telecopier
PRESS RELEASE
BRT URGES ELECTION OF FRED GOULD - AN INDEPENDENT TRUSTEE
GREAT NECK, N.Y., April 30, 2001 -- BRT Realty Trust (NYSE:BRT) on Friday sent
to the Shareholders of Entertainment Properties Trust (NYSE:EPR) the following
letter. A copy of the letter is set forth below:
TO SHAREHOLDERS OF ENTERTAINMENT PROPERTIES TRUST (EPR)
BRT Realty Trust, by far EPR's largest shareholder, has been soliciting proxies
in opposition to management's nominee for the Board of Trustees and seeking your
vote to elect its designee, Fred Gould, as a Trustee. The meeting will be held
on May 9, 2001 and we are asking you to ACT NOW and vote BRT's white proxy card
FOR FRED GOULD. Note that if you have previously signed and returned the proxy
card to Entertainment Properties Trust you can now change your vote. Only the
latest dated proxy card counts.
There are compelling reasons for you to vote for Fred Gould:
o Fred is totally independent of EPR's Management and AMC, its major tenant.
o As the designee of EPR's largest shareholder, Fred's interests are strongly
aligned with the public shareholders.
o Fred has more than 40 successful years in the real estate industry and is by
far the superior candidate.
If you carefully read our proxy soliciting material and the proxy soliciting
material of EPR's Management, you will quickly realize that EPR has failed to
adequately respond to our criticisms of the Company and EPR was disingenuous in
any responses provided. Further, EPR's few reasons for opposing Fred Gould were
transparent and had nothing to do with the corporate governance of EPR.
WHY ARE THEY SO FEARFUL OF HAVING FRED GOULD ELECTED?
All shareholders will benefit from a strong, knowledgeable Trustee who is
totally independent of EPR's management and AMC, not just superficially
independent as is the case with management's designee.
VOTE FOR FRED GOULD.
Sincerely,
BRT REALTY TRUST
/s/ Fredric H. Gould
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Fredric H. Gould
Chairman of the Board
Contact: Simeon Brinberg, Senior Vice President 516.466.3100