Mar 29, 2019
Patoka Capital Completes Sale of Theater Assets
NEW ALBANY, IN – March 29, 2019 –
Today Patoka Capital LLC, a Southern Indiana based private investment firm, announced the completion of a sale-leaseback transaction with EPR Properties (Ticker: EPR).
The transaction included a sale of the real estate of four current Xscape Theatres located in Brandywine, MD, Cincinnati, OH, Louisville, KY, and Riverview, FL. The theaters will continue to operate under the Xscape flag, which is a subsidiary of Patoka Capital.
“We have been pleased with the strong performance of these theaters,” notes Patoka Managing Director Chance Ragains. “The proceeds from this transaction will allow us to reinvest in our on-site operations as well as seek new expansion opportunities.”
“EPR has been a great partner throughout this transaction and we look forward to a successful owner-tenant relationship at these locations,” he added.
About Patoka Capital
Patoka Capital is a closely-held private equity firm with a track record of partnering with management teams and successfully scaling businesses. Their sole mission is to build long-term value by acquiring and growing privately held businesses.
Patoka Capital is actively looking to partner with owners who are dedicated to ensuring the long-term success of their business. Patoka Capital invests a pool of its own committed equity capital and is not an institutional fund. They define success by the contributions they make to their customers, employees, stakeholders and the community. For more information visit www.patokacapital.com.
About Xscape Theatres
Xscape Theatres is a New Albany, Indiana based, privately owned motion picture exhibition company. Xscape has set the standard for first-class entertainment offering widebody reclining seats and digital projection in all auditoriums. It currently operates the Xscape at 1488 in Conroe, TX, Xscape 12 in Richmond, TX, Xscape 14 in Brandywine, MD, Xscape 14 in Cincinnati, OH, Xscape 16 in Louisville, KY, Xscape 14 in Howell, NJ, and Xscape 14 in Riverview, FL. For more information visit www.xscapetheatres.com.