KANSAS CITY, Mo.--(BUSINESS WIRE)--March 31, 2006--Entertainment Properties Trust (NYSE:EPR), a real estate investment trust that owns entertainment-related properties, announced today it has completed the purchase of two megaplex theatre properties for $35 million. The properties include the AMC Firewheel 18 in Garland, Texas, and the AMC Columbia 14 in Columbia, Maryland. The company also announced the acquisition of the Crotched Mountain ski facility in Bennington, New Hampshire, for $8MM.

The AMC Firewheel 18 megaplex with 3,156 stadium-style seats is the number one theatre in the Garland market. The theatre is located at the recently completed Firewheel Town Center, an open-air, mixed-use center that was developed by Simon Property Group. The AMC Columbia 14 megaplex with 2,512 stadium-style seats opened in 2003 and is the number one theatre in the Columbia market. The theatre is located at the Columbia Mall, a high-performing, super-regional mall owned by General Growth Properties.

American Multi-Cinema, Inc. (AMC), a subsidiary of AMC Entertainment Inc., is the tenant at both of the properties and will operate them under long-term, net-lease agreements.

Serving the Boston and Southern New Hampshire markets, Crotched Mountain has eight trails and a 900-foot vertical drop, a snowboarding terrain park and 100% snowmaking capability with one of the largest snowmaking systems in New Hampshire. Crotched Mountain is a regional entertainment and recreation experience that serves the growing demand for skiing and snowboarding.

Peak Resorts based in Wildwood, Missouri, is the tenant and operates daily destination ski resorts in Missouri, Ohio, New Hampshire, Indiana and Pennsylvania. Peak Resorts will operate the ski facility under a long-term, net-lease agreement.

About Entertainment Properties Trust

Entertainment Properties Trust is a real estate investment trust (REIT) and is the largest owner of entertainment-related real estate in North America, owning megaplex movie theatre properties, entertainment retail centers and other specialty properties in metropolitan markets in the United States and Canada. Since November of 1997, EPR has acquired more than $1.4 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 Company contact: Jon Weis, 30 Pershing Road, Suite 201, Kansas City, Missouri 64108; 888-EPR-REIT; fax: 816-472-5794. The Company website is at www.eprkc.com.

    CONTACT: Entertainment Properties TrustJon Weis, 888-EPR-REIT
             816-472-5794 (fax)
             www.eprkc.com

    SOURCE: Entertainment Properties Trust