EPR PROPERTIES COMPLETES PURCHASE OF WISP

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Publish Date

12/07/2012

SAM Magazine—McHenry, Md., Dec. 6, 2012—The Kansas City-based REIT, EPR Properties, has completed its purchase of Wisp Resort for a final price of $23.5 million. That’s up $3 million from its initial bid of $20.5 million three weeks ago. In a separate transaction, National Land Partners acquired a nearby golf course and other real estate for $6.1 million. Both deals were approved by the bankruptcy judge handling the settlement and are expected to close this month.

Former Wisp owner DC Development defaulted on an approximately $30 million loan to develop the golf course and residential community, and that forced DC to seek bankruptcy protection in October 2011.


Comments

EPR

First class company to do business with. Will invest $ to acquire a professional operator

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