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AT THE END OF THE FOURTH QUARTER, MEPT ACQUIRED A PORTFOLIO IN BOSTON FOR $230.0 MILLION.
Located in the Fort Point Channel sub-market in Boston’s Seaport District, the portfolio includes three office properties totaling 226,765 square feet and two parking facilities with a total of 1,010 spaces...

IN OCTOBER, MEPT COMMITTED $103.0 MILLION TO THE DEVELOPMENT OF A MULTI-FAMILY PROJECT IN THE PORTLAND OR MARKET.
Block 137, which is located in Lake Oswego, a suburb of Portland, is planned to include 200 apartment units as well as 40,000 square feet of retail space and 430 parking spaces....

IN DECEMBER, MEPT SOLD A 49% INTEREST IN PATRIOTS PLAZA I, II AND III IN WASHINGTON, D.C. FOR TOTAL GROSS PROCEEDS OF $223.9 MILLION.
MEPT formed a joint venture partnership with Ärzteversorgung Westfalen-Lippe (ÄVWL), an institution of the Medical Association of Westfalen-Lippe, one of the largest pension funds in Germany. This transaction advances MEPT’s objective to optimize the Fund’s Washington, D.C. area portfolio...



Boston Medical Center sells three properties for $80M
A joint venture of Leggat McCall Properties and Multi-Employer Property Trust have acquired three Boston Medical Center properties in a leaseback agreement for $80 million, the medical center announced Friday.The portfolio of properties spans 250,000 square feet at 600 Harrison Ave., 100 East Canton St. and 720 Harrison Ave. near the Boston Medical Center complex in the South End…

Bentall Kennedy, MEPT Buy 359 KSF SF Office Tower
Bentall Kennedy, real estate advisor for the Multi-Employer Property Trust, has expanded the fund’s Bay Area holdings with the acquisition of 600 California St., a 20-story, Class A, 358,591-square-foot office tower in San Francisco for $216.5 million…


Building Trades Update Hollywood At 959 Seward
For many years now, builder and community developer JH Snyder Company has helped reshape greater Los Angeles through projects such as The Vermont residential complex in Koreatown ...



 

Management Team

Multi-Employer Property Trust (MEPT) is managed by NewTower Company (NewTower) of Bethesda, Maryland, a Maryland limited purpose, non-depository, state-chartered trust company which serves as trustee and fiduciary. Bentall Kennedy (U.S.) Limited Partnership (Bentall Kennedy) with U.S. headquarters in Seattle, Washington, serves as the real estate investment advisor and investor relations provider to the Fund.

Bentall Kennedy is a member of the Sun Life Investment Management group of companies which is owned by Sun Life Financial Inc. (NYSE: SLF). NewTower is a subsidiary of Bentall Kennedy.

Bentall Kennedy co-founded MEPT in 1982. NewTower became the fiduciary and trustee in 2005.

NewTower provides MEPT with expertise in the areas of accounting and financial reporting, valuation, performance reporting, and trust custody. NewTower is responsible for all investments including the approval to purchase, and sell assets. NewTower manages the Fund’s valuation process which occurs quarterly. In addition, NewTower oversees portfolio financial reporting, preparing investor account statements, safeguarding of assets and the adequacy of internal controls. NewTower has a majority independent Board of Directors which provides oversight and direction to NewTower’s activities and oversight of the MEPT strategy. The Board consists of one inside directors and five independent directors. The independent directors have been selected based on their integrity, technical competence, character and experience in the financial services industry.

Bentall Kennedy provides its clients with access to institutional-quality real estate investment opportunities in both the U.S. and Canada through an integrated platform that is supported by the depth of real estate knowledge of its senior real estate professionals. Bentall Kennedy’s goal is to deliver strong, consistent investment performance through: strategic and timely property acquisitions and dispositions; thoroughly researched and underwritten investments; comprehensive analysis of downside risks; clear definition of exit strategy and liquidity; compliance with Fund criteria and risk/reward profile; and independent investment committee review.

Bentall Kennedy has U.S. headquarters in Seattle, Canadian headquarters in Vancouver and Toronto, and regional offices in Chicago, Boston, San Francisco and Washington, D.C. as well as Montreal, Calgary, Ottawa, Winnipeg and Edmonton. Bentall Kennedy serves the interests of more than 500 investors across 132 million square feet of office, retail, industrial, residential and hotel properties.

 

 


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