EPR Properties intends to sell 3.2 million shares

EPR Properties said it intends to sell 3.2 million shares of common stock. The Kansas City-based real estate investment trust did not disclose the share price.

The company said it expects to grant its investment underwriters a 30-day option to purchase up to 480,000 additional shares of common stock.

EPR said proceeds from the stock offering will be used to reduce debt and to help finance acquisitions and other real estate projects.

This story was originally published September 18, 2014 at 1:00 AM with the headline "EPR Properties intends to sell 3.2 million shares."