Entertainment Properties Trust, a real estate investment trust based in Kansas City, Mo., has agreed to sell 1 million shares of its common stock to JP Morgan and RBC Capital Markets.The company said it expects the net proceeds of the offering to total approximately $35.4 million. The underwriters have been granted an option to buy an additional 150,000 shares of the stock to cover any overallotments. The REIT specializes in the acquisition of high-quality real estate assets leased to entertainment operators.

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