MEPT was founded April 1,1982 and is managed by NewTower Trust
Company (NewTower) of Bethesda, Maryland, a Maryland limited purpose, non-depository,
state-chartered trust company which serves as trustee, fiduciary and investment
manager. Bentall Kennedy (U.S.) Limited Partnership (Bentall Kennedy) with U.S.
headquarters in Seattle, Washington, serves as the real estate investment advisor
to the NewTower. Landon Butler & Company, LP® (LBC) of Washington, D.C. provides
investor relations services to the NewTower. Bentall Kennedy and LBC co-founded
MEPT in April 1982. NewTower, Bentall Kennedy and LBC (collectively, the "management
team") work together to execute the Fund's investment strategy.