KANSAS CITY, Mo.--(BUSINESS WIRE)--June 29, 2005--Entertainment Properties Trust (NYSE:EPR), today announced the acquisition of a 12-screen megaplex in Indianapolis, Indiana.

The Showplace is operated by Kerasotes Showplace Theatres and has a total of 2,000 seats in 12 auditoriums and features the finest in seating, projection and digital sound technology.

David Brain, CEO of Entertainment Properties Trust, commented, "Indianapolis is a new market for Entertainment Properties Trust and we are pleased to include Kerasotes Theatres in our portfolio of tenants."

Entertainment Properties Trust is the only publicly traded real estate investment trust (REIT) focused on the acquisition of high-quality real estate assets leased to leading location-based entertainment operators. Since November of 1997, EPR has acquired more than $1.2 billion of properties. The Company's common shares of beneficial interest trade on the New York Stock Exchange under the ticker symbol EPR. Entertainment Properties Trust, 30 W. Pershing Road, Suite 201, Kansas City, Missouri 64108; 888/EPR-REIT; fax: 816/472-5794. The Company website is at www.eprkc.com.

Safe Harbor Statement: This press release includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, identified by such words as "will be," "intend," "continue," "believe," "may," "expect," "hope," "anticipate," or other comparable terms. The Company's actual financial condition, results of operations and funds from operations may vary materially from those contemplated by such forward-looking statements. A discussion of the factors that could cause actual results to differ materially from those forward-looking statements is contained in the Company's SEC filings, including the Company's annual report on Form 10-K for the year ended December 31, 2004.

    CONTACT: Entertainment Properties TrustJon Weis, 816-472-1700
             Fax: 816-472-5794
             www.eprkc.com

    SOURCE: Entertainment Properties Trust