During the second quarter, MEPT committed $143.2 million towards the development of 1001 W Chicago Avenue.
The proposed two-tower, 363-unit multi-family development is located in Chicago’s River West neighborhood, a transformative and rapidly growing area, that is easily accessible via multiple bus lines, the CTA metro line, as well as being located along the new "Spoke Route" bicycle lanes. The apartment units at 1001 W Chicago Avenue will provide a modern livable space, with an extensive amenity package…

At the end of the second quarter, MEPT acquired 147 Milk Street in Boston for a total gross purchase price of $33.4 million.
The fully leased, 52,000 square foot medical office asset is located in the center of downtown Boston, just one block from the heart of the Financial District. This acquisition is in line with MEPT’s strategic goal …

During the quarter, MEPT received total gross proceeds of $57.0 million for the disposition of three assets.
Pictoria Corporate Center, a 94 percent leased, 252,000 square foot office asset in Cincinnati, was targeted for sale due to its location in a suburban office market with weakening leasing fundamentals. Pictoria Corporate Center was sold for $27.1 million …

JV Closes on Acquisition of Two Rector Street
Multi-Employer Property Trust (MEPT), advised by Bentall Kennedy U.S. LP, in a joint-venture with Cove Property Group LLC have acquired the office building at 2 Rector St. in New York, NY from Kushner Companies and CIM Group LP…

First look: ‘Transformative’ 710-unit residential project planned in South End
Leggat McCall Properties on Monday submitted an expanded project notification form to the Boston Redevelopment Authority that highlights in greater detail the firm’s plans for a "transformative, contemporary development" spanning a full city block in the South End. The project team has named the project the "Harrison Albany Block" and proposed 710 residential units, a 40,100-square-foot office and 14,100 square feet of retail space for a 3.1-acre site in the South End formerly owned by Boston Medical Center…

Latest look at Trammell Crow’s updated Diridon project
A lot has changed in the years since downtown San Jose’s last office tower was built about six years ago. Tech&rsquos influence on workspace design has completely transformed the look and feel of new projects. Wide-open floors are in. So is proximity to housing, services and transit…


Management Team

Multi-Employer Property Trust (MEPT) is managed by NewTower Company (NewTower) of Bethesda, Maryland, a Maryland limited purpose, non-depository, state-chartered trust company which serves as trustee and fiduciary. Bentall Kennedy (U.S.) Limited Partnership (Bentall Kennedy) with U.S. headquarters in Seattle, Washington, serves as the real estate investment advisor and investor relations provider to the Fund.

Bentall Kennedy is a member of the Sun Life Investment Management group of companies which is owned by Sun Life Financial Inc. (NYSE: SLF). NewTower is a subsidiary of Bentall Kennedy.

Bentall Kennedy co-founded MEPT in 1982. NewTower became the fiduciary and trustee in 2005.

NewTower provides MEPT with expertise in the areas of accounting and financial reporting, valuation, performance reporting, and trust custody. NewTower is responsible for all investments including the approval to purchase, and sell assets. NewTower manages the Fund's valuation process which occurs quarterly. In addition, NewTower oversees portfolio financial reporting, preparing investor account statements, safeguarding of assets and the adequacy of internal controls. NewTower has a majority independent Board of Directors which provides oversight and direction to NewTower's activities and oversight of the MEPT strategy. The Board consists of one inside directors and five independent directors. The independent directors have been selected based on their integrity, technical competence, character and experience in the financial services industry.

Bentall Kennedy provides its clients with access to institutional-quality real estate investment opportunities in both the U.S. and Canada through an integrated platform that is supported by the depth of real estate knowledge of its senior real estate professionals. Bentall Kennedy's goal is to deliver strong, consistent investment performance through: strategic and timely property acquisitions and dispositions; thoroughly researched and underwritten investments; comprehensive analysis of downside risks; clear definition of exit strategy and liquidity; compliance with Fund criteria and risk/reward profile; and independent investment committee review.

Bentall Kennedy has U.S. headquarters in Seattle, Canadian headquarters in Vancouver and Toronto, and regional offices in Chicago, Boston, San Francisco and Washington, D.C. as well as Montreal, Calgary, Ottawa, Winnipeg and Edmonton. Bentall Kennedy serves the interests of more than 500 investors across 132 million square feet of office, retail, industrial, residential and hotel properties.



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