MEPT

DURING THE QUARTER, MEPT EXECUTED A FORWARD COMMITMENT OF $120 MILLION TO PURCHASE, UPON COMPLETION IN 2011, ONE FRANKLIN-LE MERIDIEN,
a planned 250-room, four-star hotel property in Boston. The hotel will be part of a 1.4 million square foot, mixed-use development that will incorporate the former historic Filenes Basement clothing store into space for retail, hotel, residential, and office.

IN SEPTEMBER, MEPT PURCHASED AN ADDITIONAL OWNERSHIP INTEREST IN ARBORETUM LAKES WEST FOR $1.7 MILLION.
The purchase of the outstanding 5 percent interest brings the total MEPT ownership to 100 percent. Arboretum Lakes West is a Class A, 190,361 square foot, mid-rise suburban office building located in Chicago.

Procter & Gamble Co.
Procter & Gamble Co. - maker of Tide laundry detergent, Charmin bathroom tissue and Crest toothpaste - leased 1.2 million square feet of space at Gateway Commerce Center in Edwardsville. P&G has moved into nearly 580,000 square feet at the Gateway Commerce Center's Westway III building at 3101 Westway Drive under the $17 million deal.

Symantec Expands in Downtown San Francisco
Firm Takes Additional 17,000 SF at 303 2nd Street Symantec leased 16,966 square feet on the fifth and eighth floors for six years at 303 2nd St. in San Francisco, where it already occupies 38,734 square feet.

Ozburn-Hessey Expands Operations in Dallas
Ozburn-Hessey Logistics signed a 15-month lease for an additional 148,000 square feet at the Pinnacle Park I building at 3700 Pinnacle Point Drive in Dallas, TX. The firm moved into this new space on July 1.


	MANAGEMENT TEAM \| POLICY BOARD MEMBERS

Policy Board Members

Landon Butler
President
Landon Butler & Company, LP™

Mr. Butler served as Deputy to the Chief of Staff in the Carter administration; for five years before entering government, he was president of his own housing development company in Atlanta, Georgia. He also has experience in mortgage banking and resort development.

Mr. Butler is a graduate of Harvard Business School, and served as an officer in the U.S. Marine Corps. He has published articles in Newsweek and The New Republic, and frequently speaks on the subject of economically targeted investments.

Patrick Mayberry
President
NewTower Trust Company

Patrick Mayberry is President of NewTower Trust Company. He overseas all aspects of NewTower and is the Chairman of NewTower's Trust Real Estate Investment Committee (TREIC). TREIC is responsible for the approval of all real estate acquisitions and dispositions. He has over thirty years of experience in commercial and residential real estate investments, including national and regional experience in the investment, development, financing and management of diversified real estate portfolios.

Mr. Mayberry is a graduate of the University of Texas at Austin. He is a member of the Counselors of Real Estate, Pension Real Estate Association (PREA) and National Council of Real Estate Investment Fiduciaries (NCREIF).

John Parker
President and Chief Executive Officer
Kennedy Associates

Mr. Parker is a founding principal of Kennedy and was Director of Acquisitions until March 2007 when he assumed the position of President and CEO. In this role, Mr. Parker focuses on the day-to-day operations as well as the strategic direction of Kennedy. As a member of the Investment Committee, he participates in all strategic considerations for the entire Kennedy portfolio.

A medal-winning Olympian, he is a graduate of Stanford University and Harvard Business School and was a U.S. Navy officer.

Gary Whitelaw
President and Chief Executive Officer
Bentall Capital

Mr. Whitelaw is responsible for leading Bentall Capital and its operating subsidiaries, Bentall Investment Management, Bentall Real Estate Services, Bentall Retail Services, and Bentall Capital (U.S.) Inc. Prior to joining Bentall Investment Management in 1998, Mr. Whitelaw was Vice President and COO of Nexacor, Bell Canada's real estate division, which managed a 25 million square foot portfolio for numerous BCE group companies.

Mr. Whitelaw has a professional degree in architecture from McGill University and an MBA from Harvard Business School. Mr. Whitelaw is currently a Director of the National Association of Real Estate Investment Managers (NAREIM) and previously, a Director of Real Property Association of Canada (RealPac).

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