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MEPT ACQUIRED THE FORT POINT CREATIVE PORTFOLIO AND NECCO GARAGE FOR A TOTAL PURCHASE PRICE OF $161.9 MILLION IN JANUARY.
The portfolio is comprised of three, well-leased, mid-rise office buildings totaling 217,861 square feet in Boston’s Fort Point Channel submarket of the Seaport District. Additionally, in a separate transaction, MEPT acquired the adjacent Necco Garage, a six-level, 588 space parking facility. The Fort Point Channel area is a vibrant mix of historic warehouse buildings renovated into office, residential, and hotel uses...

IN FEBRUARY, MEPT ACQUIRED MIDTOWN CROSSING, AN URBAN RETAIL CENTER IN LOS ANGELES, FOR $186.9 MILLION.
The retail center is well-leased and anchored by Lowe’s Home Improvement, with a variety of other nationally recognized tenants, including Sports Authority and PetSmart. The 314,858 square foot Midtown Crossing is comprised of six, two-story buildings and sits on 11.4 acres with very good visibility in a highly-trafficked area....



KUDOS
200 W Madison has become the second building in Chicago to earn the Certified Sustainable Property certification from IREM. Owned by $7B open-end real estate equity fund Multi-Employer Property Trust…

Goodwin advises MEPT, Bentall Kennedy in $250 million in Boston acquisitions
Goodwin Procter partner Diane McCabe co-led the team that recently advised Multi-Employer Property Trust (MEPT) and Bentall Kennedy in three acquisitions worth a combined value of $250 million…


1.3MSF Livermore Center Breaks Ground
The case for developing class A industrial product is particularly compelling in this market, says David Antonelli, EVP and MEPT portfolio manager at Bentall Kennedy ...



 

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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