Spencer Allaway's questions to EPR Properties (EPR) leadership • Q3 2024
Question
Spencer Allaway from Green Street inquired about the depth of the buyer pool for potential education portfolio sales and asked about the fungibility and underlying real estate value of the company's Topgolf assets.
Answer
CEO Gregory Silvers and CIO Gregory Zimmerman characterized the buyer pool for education assets as 'fairly deep,' with interest from a wide range of public and private players. Regarding Topgolf, Mr. Silvers highlighted that their assets are on large parcels in major metro areas and that the market for such properties is robust, citing historical sales of similar assets at strong valuations with cap rates in the low 7% range or below.