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EPR Makes Portfolio Shift with Sale of Charter Schools

EPR Properties recently sold substantially all of its charter school portfolio for approximately $454 million. The 47-property portfolio sold to a fund sponsored by Rosemawr Management LLC.

The sale moves the Kansas City, MO-based EPR toward a focus on experiential real estate. Although the charter school portfolio provided “very attractive returns,” competitive financing alternatives led to “structural market changes that increased earnings volatility and were incompatible with our mandate as a REIT to provide long-term and predictable income,” said EPR president and CEO Greg Silvers.

He added, “We recognize the strong consumer demand for location-based experiences, and believe our decades of experience, longstanding relationships and institutional knowledge will continue to provide us with a sustainable competitive advantage.”

The sale to the Rosemawr fund didn’t include three charter schools that EPR sold earlier in the fourth quarter, or the one remaining school which the company expects to sell by year’s end.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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