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MEPT COMMITS $113.1 MILLION TO A JOINT VENTURE DEVELOPMENT OF BLOCK 6, A 409-UNIT MULTI-FAMILY ASSET IN SAN FRANCISCO
The $212.0 million project is located at 299 Fremont Street in the “SoMa” district, in close proximity to the $4.7 billion Transbay Transit Center, which is under construction. This investment is consistent with MEPT’s strategic objective to increase the Fund’s allocation to the multi-family sector in primary markets with strong demand...

MEPT PROVIDES A $95.0 MILLION SENIOR LOAN FOR DEVELOPMENT OF HOLLYWOOD 959 IN LOS ANGELES
Consistent with the Fund’s strategic goal to increase its allocation to CBD assets in primary markets, MEPT’s investment in the 241,500 square foot office project is a seven-year term loan that will yield an attractive 8.0 percent preferred return for the Fund...

MEPT RECEIVES TOTAL GROSS PROCEEDS OF $128.1 MILLION FOR THE SALE OF FIVE ASSETS IN THE MILESTONE BUSINESS PARK IN THE WASHINGTON, D.C. AREA
The Milestone Business Park is a 42-acre campus comprised of over 634,000 square feet in three office buildings, one flex building and a land parcel of 7.6 acres...


MEPT Trades Burlington Centre for $109M
A joint venture of the Davis Cos. And Principal Real Estate Investors has acquired Burlington Centre, a 47-acre master-planned office campus here, from Multi-Employer Properties Trust…

Bridgestone Leases 205,000 SF in Major Industrial Lease
Bridgestone Americas Tire Operations LLC, … signed an industrial lease deal for 204,550 square feet in the Rivergate Corporate Center at 14005 N. Lombard St. in Portland, OR...

Friedkin Buys a 374-Unit Illinois Asset
Holliday Fenoglio Fowler has closed the sale of Lincoln at River Run, a 374-unit, Class A, garden-style community located in Bolingbrook, Ill. The firm represented the seller, Multi-Employer Property Trust…



 

Management Team

MEPT 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.

MEPT's management team has a unique combination of capabilities since the team is made of three organizations with distinct areas of expertise, and more than 100 professionals with a broad range of real estate and investment management acumen. NewTower, Bentall Kennedy and LBC work together on MEPT to offer participating pension plans an attractive and direct way to invest in equity real estate.

Bentall Kennedy, the real estate investment advisor to MEPT, was founded in 1978. LBC became a full service investor relations firm in 1981. Together, Bentall Kennedy and LBC founded MEPT in 1981. NewTower became the fiduciary and trustee of MEPT on June 14, 2005.

MEPT has a Policy Board that makes recommendations regarding MEPT's strategic direction, including investment policy and portfolio strategy, to the NewTower Board of Directors. The Policy Board does not make investment management decisions or recommendations on specific investment transactions. The Policy Board meets several times a year to review the performance and management of the Fund and make recommendations. The current members of the Policy Board are: Landon Butler (President and CEO of LBC); Patrick Mayberry (President and CEO of NewTower); Mike McKee (CEO of Bentall Kennedy (U.S.) Limited Partnership); Gary Whitelaw (Group CEO of Bentall Kennedy); and Daniel Toohey (Chairman of the Board of Directors of NewTower).

Bentall Kennedy serves as the real estate advisor to MEPT. Bentall Kennedy Group, with U.S. headquarters in Seattle, Washington, regional offices in Chicago, Illinois, Los Angeles and San Francisco, California, Washington, DC and corporate headquarters in Toronto, Canada, manages real estate assets of more than $25 billion.

Landon Butler & Company, LP® (LBC), headquartered in Washington, D.C., sponsors and provides services to real estate investment vehicles developed to meet the needs of U.S. and foreign multi-employer, public employee, and corporate pension plans.

 

 


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