EPR Properties (NYSE:EPR), a leading specialty real estate investment
trust (REIT) with a total market capitalization of over $5 billion,
announced today that David M. Brain is retiring from the company on
March 31, 2015 and Gregory K. Silvers, currently the Chief Operating
Officer and Executive Vice President of the company, has been appointed
by the Board of Trustees to succeed Brain as Chief Executive Officer and
President, effective immediately.
“We are grateful to David for the leadership he has provided by growing
the Company to our current position,” said Robert Druten, Chairman of
the Board. “The Board also unanimously supports Greg as he ascends to
lead the Company. We have complete confidence in him. Greg has
demonstrated his vision for the future and leads with a disciplined,
strategic approach to growth.”
Druten announced that Silvers will also join the Board of Trustees.
Brain commented, “I have had the privilege of serving and leading EPR
for more than 17 years. I have worked side by side with Greg and am very
confident that he is the right person to lead the Company in the future.
He has built strong personal relationships with our customers,
shareholders and the investment community.”
“I am honored to have partnered with David over many years to build this
successful company and to lead EPR into the future,” Silvers stated. “I
look forward to leading the highly talented team at EPR that has
propelled our past success and who will be the key to our future growth.”
About Gregory K. Silvers
Silvers was appointed EPR’s Executive Vice President in February 2012.
From 1998 until this appointment, he served as Vice President. He also
served as EPR’s Chief Operating Officer since 2006 and Chief Development
Officer since 2001, and he previously served as Secretary and General
Counsel from 1998 until October 2012. From 1994 to 1998, he practiced
with the law firm of Stinson Leonard Street LLP specializing in real
estate law. Silvers received his J.D. in 1994 from the University of
Kansas.
About EPR Properties
EPR Properties is a specialty REIT that invests in properties in select
market segments which require unique industry knowledge, while offering
the potential for stable and attractive returns. Our total investments
exceed $4.0 billion and our primary investment segments are
entertainment, recreation and education. We adhere to rigorous
underwriting and investing criteria centered on key industry and
property level cash flow standards. We believe our focused niche
approach provides a competitive advantage and the potential for higher
growth and better yields.
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these factors see “Item 1A. Risk Factors” in our most recent Annual
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