EPR Properties Appoints Retail Expert JP Suarez as New Trustee to Enhance Leadership

EPR Properties Welcomes New Trustee with Retail Expertise

EPR Properties, the diversified experiential net lease real estate investment trust (REIT) based in Kansas City, announces the election of John Peter (JP) Suarez as an independent trustee on its Board of Trustees, effective January 24, 2025. This strategic appointment comes as the company aims to strengthen its leadership and enhance its operational strategies in the leisure and recreation sector. Greg Silvers, Chairman and CEO of EPR Properties, expresses strong enthusiasm about Suarez joining the board, noting his extensive experience in the retail real estate sector, particularly with Walmart, the largest retailer in the U.S.

Suarez's impressive background includes serving as Executive Vice President and Regional Chief Executive Officer at Walmart, where he oversaw significant operations and led thousands of employees. His tenure as Interim CEO of Walmart Canada further solidifies his leadership credentials, providing EPR Properties with valuable insights into large-scale operational management and strategic growth. In addition to his retail experience, Suarez is actively involved with the ICSC Board of Trustees and serves on the Board of Directors and Audit Committee of Brixmor Property Group, demonstrating his commitment to the real estate industry and governance best practices.

By incorporating Suarez’s vast expertise, EPR Properties aims to enhance its strategic direction in managing a portfolio valued at approximately $5.7 billion. The company focuses on properties that promote out-of-home leisure and recreation experiences, adhering to rigorous underwriting and investing standards to ensure strong cash flow across its diverse asset base. With his retail background, Suarez is expected to bring fresh perspectives to the board that align with EPR's mission of creating value through experiential properties.

In other developments, EPR Properties continues to prioritize its growth strategy by maintaining stringent investment criteria that optimize tenant-level cash flow and mitigate risk. Their approach not only positions them advantageously within the competitive real estate landscape but also ensures the potential for stable and attractive returns for stakeholders. The company emphasizes the importance of maintaining high standards in its property management practices, reflecting its commitment to enhancing consumer experiences in the leisure and recreation sectors.

For more information about EPR Properties and its initiatives, visit their official website at www.eprkc.com.