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MEPT RECEIVED TOTAL GROSS PROCEEDS OF $63.0 MILLION FOR THE SALE OF FOUR ASSETS IN SOUTHWEST COMMERCE CENTER
Southwest Commerce Center I-IV, located in Reno, with over 1 million square feet in six industrial buildings, was developed by MEPT between 1997 and 2001...

HILLSBORO BAY CLUB MEPT SOLD HILLSBORO BAY CLUB IN THE MIAMI AREA FOR TOTAL GROSS PROCEEDS OF $56.0 MILLION
The 366-unit multi-family asset was acquired by MEPT in 2010. While MEPT had achieved a stabilized occupancy of 95 percent at the asset, new supply in the market was expected to put downward pressure on market rents and occupancy at the asset...

MEPT SOLD SIX RETAIL ASSETS IN THE SOUTHEAST FOR TOTAL GROSS PROCEEDS OF $59.4 MILLION
The grocery-anchored retail centers, two of which are in Tampa, one in Orlando and three in Atlanta, were purchased by MEPT in 2011 as part of a larger portfolio transaction, and total nearly 445,000 square feet...


Kathleen Kennedy Townsend Named to NewTower Trust Company's Board of Directors
NewTower Trust Company announced today that the Honorable Kathleen Kennedy Townsend has joined its Board of Directors. Her appointment expands the number of NewTower independent board members to five...

J.H. Snyder Moves Ahead With Hollywood Creative Development
J.H. Snyder Company is set to move ahead with the development of 959 Seward, a planned two-building creative office campus in Los Angeles’ Hollywood submarket…The local developer lined up a $95 million participating loan from Multi-Employer Property Trust...

Matan Cos. Buys Office Campus in Germantown, Md., from MEPT for $128M
Matan Cos., through its Matan Fund IV, has acquired Milestone Business Park, a 42-acre campus in Germantown, Md., from Multi-Employer Property Trust for $128 million...



 

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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