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IN APRIL, MEPT COMMITTED $100.9 MILLION TO THE DEVELOPMENT OF LIVERMORE DISTRIBUTION CENTER IN THE SAN FRANCISCO MARKET
The three-building, 1.3 million square foot industrial development project is located in the Livermore submarket, approximately 25 miles southeast of the Port of Oakland. The new state-of-the-art industrial buildings will be accessible from major transportation corridors and should draw tenants seeking modern distribution facilities in the supplied-constrained Bay Area market...

IN JUNE, MEPT RECEIVED GROSS PROCEEDS OF $27.5 MILLION FOR THE SALE OF GSW GATEWAY
Located in the Dallas market, immediately south of the Dallas-Fort Worth Airport, the 423,000 square foot, two-building warehouse facility was acquired by MEPT in 2001. Although the asset was fully leased at the time of sale, it was targeted for sale due to concerns that the asset and its older features would not achieve the same rents as newer, more modern properties in the market and lease renewals would become more difficult...

IN JUNE, TWO MEPT ASSETS WERE NAMED AS FINALISTS IN THE 2014 ULI GLOBAL AWARDS FOR EXCELLENCE
The 36-year old industry competition recognizes real estate projects that demonstrate high-quality innovative land use and excellence in design, construction, economics, planning and management. Via6, a 654-unit, two-tower, LEED® Gold certified apartment complex built by MEPT in Seattle, is a finalist...


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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