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, Texas, 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