EPR Properties (EPR Quick QuoteEPR - Free Report) has announced the issuance of 110 million of Series 2016 Revenue Bonds by the The Sullivan County Infrastructure Local Development Corporation. The proceeds generated will be utilized for financing the expenses incurred by Kansas City, MO-based retail real estate investment trust (“REIT”) for the infrastructure and improvements relating to the Adelaar Resort. This marks a major step in the execution of the Adelaar Resort project and underscores the dedication of its partners and the local community.

Adelaar Resort is a destination resort, located in the Town of Thompson in Sullivan County, NY. EPR Properties has already received the initial reimbursement of around $43.4 million of construction costs and is likely to receive the next and final reimbursement of $44.9 million during the construction period.

EPR Properties is a specialty REIT which invests in properties across three primary market segments – Entertainment, Recreation and Education – to grow on the back of strong portfolio performance.
 

EPR PROPERTIES Price

EPR PROPERTIES Price | EPR PROPERTIES Quote

EPR Properties currently has a Zacks Rank #3 (Hold).

Investors interested in the retail REIT sector can consider stocks like Retail Opportunity Investments Corp. (ROIC Quick QuoteROIC - Free Report) , Saul Centers Inc. (BFS Quick QuoteBFS - Free Report) and Urban Edge Properties (UE Quick QuoteUE - Free Report) . Each of these stocks carries a Zacks Rank #2 (Buy).

Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.

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