MEPT

FOR THE FIFTH CONSECUTIVE YEAR, BENTALL KENNEDY, THROUGH ITS WORK ON BEHALF OF MEPT, WAS AWARDED THE ENERGY STAR PARTNER OF THE YEAR AWARD BY THE U.S. ENVIRONMENTAL PROTECTION AGENCY (EPA) IN MARCH.
In addition, Bentall Kennedy received the prestigious Sustained Excellence Award for the third year in a row...

IN JANUARY, MEPT RECEIVED TOTAL GROSS PROCEEDS OF $91.3 MILLION FOR THE SALE OF TWO ASSETS IN SUBURBAN LOS ANGELES —CORPORATE POINTE AND DEVRY AT WEST HILLS.
MEPT targeted the 11-building, 987,428 square-foot office park in the northwest San Fernando Valley for sale because it was not a long-term strategic asset for the portfolio and had low occupancy...

IN FEBRUARY, MEPT RECEIVED TOTAL GROSS PROCEEDS OF $59.5 MILLION FOR THE DISPOSITION OF CABRILLO TECHNOLOGY CENTER IN SAN DIEGO.
MEPT built the 285,585 square-foot office building in 1999 and the property performed well for the Fund over the years...

MEPT Sells Greenspoint Office Park for $23.5M
Multi-Employer Property Trust sold three office buildings in Hoffman Estates, IL, to the Teachers Retirement System of Illinois for $23.5 million, or approximately $47 per square foot…

MEPT Gains $105M Loan for 200 W. Madison Tower
Multi-Employer Property Trust has gained $105 million in financing for the 45-story 200 West Madison office tower from Prudential Mortgage Capital Co.…

Sales
Multi-Employer Property Trust announced the purchase of Parkway Village, a 134,000-square-foot shopping center…Parkway Village is 96 percent leased to 29 tenants and is anchored by Kroger…


	PHILOSOPHY \| OBJECTIVES \| STRATEGY \| FUND STRUCTURE

Fund Structure

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.

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