MEPT

IN THE THIRD QUARTER, MEPT ACQUIRED 200 WEST MADISON, A 928,040 SQUARE FOOT, CLASS A OFFICE BUILDING IN CHICAGO’S WEST LOOP NEIGHBORHOOD, FOR A TOTAL PRICE OF $217.5 MILLION
The acquisition helps MEPT achieve its strategic objective of increasing the Fund’s allocation to central business district offi ce assets as it reduces its suburban offi ce weighting. Th e 45-story building has excellent access to public transportation; is a short walk to restaurants...

IN SEPTEMBER, MEPT ACQUIRED PENN MAR SHOPPING CENTER FOR A GROSS PURCHASE PRICE OF $60.2 MILLION
Penn Mar Shopping Center, a 387,028 square foot grocery-anchored center, is located in a densely populated submarket of Washington, D.C., which has solid demographics. Th e retail asset is 95 percent leased to a mix of discount and convenience retailers. Anchored by Shoppers Food & Pharmacy, Penn Mar Shopping Center’s other retailers include Burlington Coat Factory, Dollar Tree, Staples, Party City and Petco...

MEPT ACQUIRED ENSO PEARL DISTRICT IN PORTLAND, OREGON DURING THE QUARTER FOR A GROSS PURCHASE PRICE OF $55.5 MILLION
The acquisition of Enso Pearl District furthers MEPT’s strategic plan to acquire transit-oriented, multi-family assets in urban, infi ll locations that are attractive to the “Echo Boom” population. Enso Pearl District’s unit mix is weighted to studio and one-bedroom units, which fi ts well with this demographic...

MEPT Pays $218M for Chicago's 200 W. Madison
Multi-Employer Property Trust has purchased of 200 W. Madison, a 928,040-square-foot class A office building in Chicago's West Loop neighborhood, for $217.5 million…

BVT Sells 10 Southeast Centers
BVT Management Service Inc. finalized the sale of an 842,255 square foot retail portfolio to Multi-Employer Property Trust, a $4.7 billion real estate equity fund…

Deluxe Media Leases 229,000 SF for Logistics
Deluxe Media Management has leased a 229,450-square-foot industrial building at Vista Business Park in Valencia here from Multi-Employer Property Trust in what is believed to be the largest industrial building lease in the Santa Clarita/San Fernando Valley area this year.


	MANAGEMENT TEAM \| POLICY BOARD MEMBERS

Management Team

The Fund is managed by three entities: NewTower Trust Company (NewTower), of Bethesda, Maryland, serves as the trustee and fiduciary of the Fund; Bentall Kennedy (U.S.) Limited Partnership (known as Bentall Kennedy and formerly known as Kennedy Associates Real Estate Counsel, LP) in Seattle, Washington, serves as the real estate investment advisor, Landon Butler & Company, LP® (LBC) of Washington, DC provides investor relations and marketing services to MEPT.

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 90 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 uses a Policy Board to perform oversight and risk analysis for the Fund. Principals of NewTower, Bentall 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), Michael McKee (Bentall Kennedy) and Gary Whitelaw (Bentall Kennedy).

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, Dallas, 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 pension plans.

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