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MEPT ACQUIRED 600 CALIFORNIA STREET, A 20-STORY, CLASS A, OFFICE TOWER IN SAN FRANCISCO FOR $217.7 MILLION IN NOVEMBER.
The 358,591 square foot, LEED® Gold-certified building is located in the North Financial District, one of the most in-demand office sub-markets in the U.S. The building has easy access to public transit, commercial services, accommodation and entertainment...

MEPT ACQUIRED A THREE BUILDING, 230,947 SQUARE FOOT PORTFOLIO ADJACENT TO THE BOSTON MEDICAL CENTER FOR $87.8 MILLION IN DECEMBER.
The acquisition is comprised of two, fully-leased medical office buildings, three properties intended for redevelopment and 2.0 acres of land for potential development. The assets provide a balance of both stabilized, cash-flowing components, and value-add development opportunities...



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

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: Headley 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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