Recent Study Finds Total Economic Impacts Attributed to MEPT Investments Equates to $18.1 billion Over Last 34 Years
In a recently completed study, The Economic and Fiscal Impacts of Multi-Employer Property Trust Investments Across the United States, by Pinnacle Economics, Inc., it was shown that MEPT has directly generated $8.5 billion in economic activity in 41 markets throughout the United States since 1982. Additionally, construction activity created by MEPT investments has generated $6.8 billion in output and 47,428 construction jobs with 91.7 million hours of work for members of the local Building Trades. Furthermore, MEPT investment spending has a multiplier effect on communities. Between 1982 and 2015, the total economic impacts attributed to MEPT investment spending amount to $18.1 billion in total economic activity. Additional details or a copy of the full Report is available by request to Vanessa Parrish at vparrish@bentallkennedy.com.

MEPT Receives Top Ranking in GRESB Benchmark
MEPT once again ranked 1st globally among its peer group on the Global Real Estate Sustainability Benchmark (GRESB) and has been a top tier ranked fund with GRESB for the last six years.  MEPT earned five green stars, the highest possible, which reflects upper quintile performance compared with the entire universe of participants. Although participation and benchmark performance continues to increase and improve, MEPT remains significantly ahead of its peer group in all seven of the GRESB Aspects or scoring categories. Each GRESB Aspect is scored on a 0 to 100 scale and MEPT’s average score was 23 points ahead of its Peer Group.


During the third quarter, MEPT committed $7.0 million toward pre-development costs associated with Capitol Hill Station in Seattle.
Capitol Hill Station, located at the site of the Capitol Hill Link Light Rail station, is anticipated to be a LEED Platinum, 332-unit multi-family asset with 33,024 square feet of retail space. Capitol Hill Station is structured as a joint venture with Portland, Oregon-based Gerding Edlen Development, and the transaction is aligned with the Fund’s focus on responsible investment in transit-oriented locations within knowledge-driven Primary Markets.…



JV Closes on Acquisition of Two Rector Street
Multi-Employer Property Trust (MEPT), advised by Bentall Kennedy U.S. LP, in a joint-venture with Cove Property Group LLC have acquired the office building at 2 Rector St. in New York, NY from Kushner Companies and CIM Group LP…

First look: ‘Transformative’ 710-unit residential project planned in South End
Leggat McCall Properties on Monday submitted an expanded project notification form to the Boston Redevelopment Authority that highlights in greater detail the firm’s plans for a "transformative, contemporary development" spanning a full city block in the South End. The project team has named the project the "Harrison Albany Block" and proposed 710 residential units, a 40,100-square-foot office and 14,100 square feet of retail space for a 3.1-acre site in the South End formerly owned by Boston Medical Center…


Latest look at Trammell Crow’s updated Diridon project
A lot has changed in the years since downtown San Jose’s last office tower was built about six years ago. Tech&rsquos influence on workspace design has completely transformed the look and feel of new projects. Wide-open floors are in. So is proximity to housing, services and transit…



 

Press Coverage - 2016
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Publication   Headline: Short Excerpt   Date

PR Newswire

 

 

Bentall Kennedy is pleased to support Autism Speaks’ International Light it Up Blue (LIUB) Campaign by both illuminating in blue the real estate assets in its U.S. client portfolios and spearheading LIUB efforts to enlist other building owners and managers to participate in the annual event…

  March 2016

CoStar

 

JV Closes on Acquisition of Two Rector Street

Multi-Employer Property Trust (MEPT), advised by Bentall Kennedy U.S. LP, in a joint-venture with Cove Property Group LLC have acquired the office building at 2 Rector St. in New York, NY from Kushner Companies and CIM Group LP…

  March 2016

CPE

 

 

Two Rector St. in Lower Manhattan Gets New Ownership Group

A 26-story, 476,000-square-foot office building at 2 Rector St. in Manhattan’ Financial District has changed hands again for a reported $225 million, nearly three years after it was acquired for about $140 million by CIM Group and Kushner Cos.

The Art Deco building constructed in 1907 was purchased by a joint venture of Multi-Employer Property Trust (MEPT), advised by Bentall Kennedy LLP, and Cove Property Group LLC, which plans to renovate and reposition the asset as Class A offices…

  March 2016

Boston Business Journal

 

 

First look: ‘Transformative’ 710-unit residential project planned in South End

Leggat McCall Properties on Monday submitted an expanded project notification form to the Boston Redevelopment Authority that highlights in greater detail the firm’s plans for a "transformative, contemporary development" spanning a full city block in the South End.

The project team has named the project the "Harrison Albany Block" and proposed 710 residential units, a 40,100-square-foot office and 14,100 square feet of retail space for a 3.1-acre site in the South End formerly owned by Boston Medical Center…

Leggat McCall is developing the project in association with Bentall Kennedy, a real estate investment advisory firm affiliated with $7.5 billion real estate equity fund Multi-Employer Property Trust…
  March 2016

Boston Herald

 

 

Plans call for 710 units at South End development

New, more detailed plans have been released of Leggat McCall Properties’ proposed South End development that will include 710 apartments and 40,100 square feet of office space.

…Leggat McCall, with equity investor Multi-Employer Property Trust, plans to construct two new residential buildings and renovate an existing building on the block, currently dominated by a parking lot and partially occupied medical office buildings…

  March 2016

Commercial Observer

 

 

FiDi’ 2 Rector Street Sells to Trio of Investors

The $225 million sale of 2 Rector Street in the city’s Financial District has closed.

CIM Group and Kushner Companies sold off the 476,000-square-foot building to Cove Property Group, real estate equity fund Multi-Employer Property Trust and pension fund investment manager Bentall Kennedy…

  March 2016

New Boston Post

 

Project aims to add 710 housing units to Boston’s South End

Plans are firming up for a new residential development in the South End that promises to add 710 units to Boston’s housing stock, according to the companies behind the project.

…The company said it is working with Multi-Employer Property Trust (MEPT), a $7 billion real estate equity fund, and Bozzuto Development on the project.

  March 2016

Boston Globe

 

New images emerge of 19-story South End complex

Developers of a giant apartment project aimed for the South End shared more details in a filing with the city Monday.

The 710-unit, two-building complex between Harrison Avenue and Albany Street near Boston Medical Center will be the tallest new construction in the neighborhood, reaching as high as 19 stories…

Leggat McCall is developing the project along with Multi-Employer Property Trust and adviser Bentall Kennedy…

  March 2016

PR Newswire

 

 

Bentall Kennedy, MEPT And Cove Property Group Announce Joint Venture Acquisition Of Two Rector Street In New York

Multi-Employer Property Trust (MEPT), advised by Bentall Kennedy (U.S.) Limited Partnership (Bentall Kennedy), in a joint venture with Cove Property Group LLC (Cove), has acquired Two Rector Street, New York, from CIM Group and the Kushner Companies. Two Rector Street is a 26 story, 476,000 sf office property located in the Financial District of Manhattan…

  March 2016

Silicon Valley Business Journal

 

 

Latest look at Trammell Crow’s updated Diridon project

A lot has changed in the years since downtown San Jose’s last office tower was built about six years ago. Tech&rsquos influence on workspace design has completely transformed the look and feel of new projects. Wide-open floors are in. So is proximity to housing, services and transit…

…Trammell is being backed in the deal by Bentall Kennedy, the massive Seattle-based investment firm, through its Multi-Employer Property Trust, which invests on behalf of pension funds.…

  March 2016

Washington Business Journal

 

 

Opower to stay put in Arlington, for now

Energy software company Opower has reached a deal to stay in Arlington County’s Courthouse neighborhood until mid-2018 while it considers whether to remain in Northern Virginia or shift its headquarters to the District.…

…The company’s lease with MEPT Courthouse Tower LLC, an affiliate of the Multi-Employer Property Trust, was set to expire in November, meaning time was running out if it wanted to pursue options such as new construction.…

  January 2016



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