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KANSAS CITY, MO-Entertainment Properties Trust has acquired two movie theaters holding 36 screens for about $29.5 million. The acquisition includes the AMC Veterans 24 in Tampa, FL, and the Wallace Southwind 12 located in Lawrence, KS.

The three-year-old Veterans 24 theater is one of the best performing theatres in the Tampa market, according to AMC. The tenant is American Multi-Cinema Inc. (AMC), a subsidiary of AMC Entertainment Inc. AMC will operate the theater under a long-term lease. The six-year-old Southwind 12 is one of the best performing theatres in all of Kansas, according to AMC. Wallace Theatre Corporation is the tenant and will operate the theater under a long-term lease.

Entertainment Properties Trust is the only publicly traded real estate investment trust (REIT) focused on the acquisition of properties leased to leading location-based entertainment operators. Since late 1997, the company has acquired more than $700 million of properties. The company’s share price hit a 52-week high on Friday, June 6, trading at $28.09 before closing at $27.66. In Monday afternoon trading, shares of EPR stood at $27.58, off $0.08 on the day.

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