Commercial Real Estate

www.reit.com While the Great Recession crippled a number of businesses and industries, the economic downturn has actually been a positive for Entertainment Properties Trust (NYSE EPR), according to David Brain, the company’s president and CEO. Entertainment Properties’ portfolio includes movie theaters, which Brain singled out as a particularly strong performer for the company. In an interview with REIT.com, Brain noted that going to the movies is one of the country’s most popular entertainment activities and with an average ticket price of , it’s affordable as well. Entertainment Properties also owns ski properties, but Brain pointed out that the company’s facilities tend to be spots for daily visits, as opposed to overnight resort areas. Consequently, the firm’s ski properties offer customers a lower-cost alternative to resorts. “Our properties are really geared to be an economical out-of-home experience,” he said. “They tend to fit with the ’stay-cations’ and other comparable themes of the Great Recession, so our properties did very well during that time. We saw an increase in performance at revenues and profits and coverage of our rents.” Brain also said going to the movies is evolving from a “single-class experience” to a “multi-class experience” with different features and levels of service. He likened the trend to the traditional air travel business model, in which customers can purchase tickets in first class and have access to a variety of amenities or sit in …
Video Rating: 0 / 5

for more info go to www.lee-county-homes.com