KANSAS CITY, Mo.--(BUSINESS WIRE)--Oct. 6, 2005--Entertainment Properties Trust (NYSE: EPR) today announced the acquisition of the Grand Theatre 14 in Hattiesburg, Mississippi, located in the highest growth area of the Hattiesburg market.

The Grand Theatre is operated by Southern Theatres and has a total of 2,200 seats in 14 auditoriums ranging in size from 101 to 238 seats. The Grand 14 opened September 23, 2005, and features the finest in seating, projection and Digital sound technology.

David Brain, CEO of Entertainment Properties Trust, commented: "The Hattiesburg Grand 14 represents a continuation of our relationship with Southern Theatres. Entertainment Properties provided a total Real Estate Financing solution for the Grand 14 theatre project from the initial land purchase, construction finance, and execution of a long-term triple-net Lease. We expect the Grand 14 theatre to dominate the Hattiesburg market with its combination of customer amenities and accessibility."

The Hattiesburg Grand Theatre 14 is leased to Southern Theatres under a 20-year, triple-net lease. The Theatre began construction in January 2005, The Grand 14 represents the fourth megaplex theatre property leased by Entertainment Properties Trust to Southern Theatres.

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, 888-EPR-REIT
             Fax: 816-472-5794
             www.eprkc.com

    SOURCE: Entertainment Properties Trust