MEPT

IN JANUARY, MEPT ACQUIRED RENO INDUSTRIAL CENTER LAND FOR $10.3 MILLION
in Reno, Nevada. The 104 acres of developable land is located in the Tahoe Reno Industrial Center (TRIC), where MEPT acquired USA Parkway Distribution Center I and II in December 2007. MEPT purchased the land to serve as expansion space for tenants at USA Parkway Distribution Center

MEPT ACQUIRED 20 NORTH CLARK STREET FOR $58.9 MILLION IN FEBRUARY.
The 383,030 square foot office building is located in Chicago’s Central Loop submarket with easy access to multiple public transportation alternatives, including the elevated train, suburban and commuter rail lines, and numerous bus lines.

Trammell Crow acquires 104 acres in Tahoe-Reno Industrial Center
Trammell Crow Company has acquired 104 acres of land within the Tahoe-Reno Industrial Center in McCarran, Nev., on behalf of Multi-Employer Property Trust (MEPT), a commingled real estate equity fund.

Strong capital helps venture win 20 N. Clark
A joint venture between local developer Hamilton Partners and a giant pension fund paid nearly $59 million for 20 N. Clark St., a nondescript office tower in the Central Loop, in a deal that reflects the strength of well-financed buyers amid the long, drawn-out credit crisis.

Booz Allen Hamilton Inc. Signs Five-Year Lease
Booz Allen Hamilton Inc., a McLean, VA-based consulting company, has signed a five-year lease for 11,584 sf at Columbia Center I. The deal bumps occupancy to 94%.


	MANAGEMENT TEAM \| POLICY BOARD MEMBERS

Management Team

MEPT is organized as a bank collective investment trust, which is maintained by NewTower Trust Company. The Fund is managed by three entities: Kennedy Associates Real Estate Counsel, LP, (Kennedy) of Seattle, Washington, serves as the real estate investment advisor, Landon Butler & Company, LP™ (LBC) provides investor relations and marketing services to MEPT, and NewTower Trust Company (NewTower), of Bethesda, Maryland, serves as the trustee and fiduciary of the Fund.

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 105 professionals with a broad range of real estate and investment management acumen. NewTower, Kennedy and LBC work together on MEPT to offer participating pension plans an attractive and direct way to invest in equity real estate.

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

MEPT uses a Policy Board to perform oversight and risk analysis for the Fund. Principals of NewTower, Kennedy, and LBC serve together on MEPT's Policy Board. The Policy Board determines MEPT's strategic direction, including investment policy and portfolio strategy. The Policy Board meets at least twice a year to review the performance and management of the Fund. The current members of the Policy Board are Landon Butler (LBC), Patrick Mayberry (NewTower), John Parker (Kennedy) and Gary Whitelaw (Bentall Capital).

Kennedy serves as the real estate advisor to MEPT. Kennedy, headquartered in Seattle, Washington, with offices in Chicago, Illinois, Dallas, Texas, Los Angeles and San Francisco, California and Washington, D.C., manages real estate assets of more than $7.5 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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