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FOR THE FIFTH CONSECUTIVE YEAR, BENTALL KENNEDY, THROUGH ITS WORK ON BEHALF OF MEPT, WAS AWARDED THE ENERGY STAR PARTNER OF THE YEAR AWARD BY THE U.S. ENVIRONMENTAL PROTECTION AGENCY (EPA) IN MARCH.
In addition, Bentall Kennedy received the prestigious Sustained Excellence Award for the third year in a row...

IN JANUARY, MEPT RECEIVED TOTAL GROSS PROCEEDS OF $91.3 MILLION FOR THE SALE OF TWO ASSETS IN SUBURBAN LOS ANGELES —CORPORATE POINTE AND DEVRY AT WEST HILLS.
MEPT targeted the 11-building, 987,428 square-foot office park in the northwest San Fernando Valley for sale because it was not a long-term strategic asset for the portfolio and had low occupancy...

IN FEBRUARY, MEPT RECEIVED TOTAL GROSS PROCEEDS OF $59.5 MILLION FOR THE DISPOSITION OF CABRILLO TECHNOLOGY CENTER IN SAN DIEGO.
MEPT built the 285,585 square-foot office building in 1999 and the property performed well for the Fund over the years...


MEPT Sells Greenspoint Office Park for $23.5M
Multi-Employer Property Trust sold three office buildings in Hoffman Estates, IL, to the Teachers Retirement System of Illinois for $23.5 million, or approximately $47 per square foot…

MEPT Gains $105M Loan for 200 W. Madison Tower
Multi-Employer Property Trust has gained $105 million in financing for the 45-story 200 West Madison office tower from Prudential Mortgage Capital Co.…

Sales
Multi-Employer Property Trust announced the purchase of Parkway Village, a 134,000-square-foot shopping center…Parkway Village is 96 percent leased to 29 tenants and is anchored by Kroger…



 

Value

MEPT believes that its commitment to union labor ensures that its newly constructed projects are built with the highest-quality craftsmanship in a given market, since training for most union workers consists of years of apprenticeship programs, classroom and jobsite training, worksite safety training, and ongoing journeyman training. Additionally, MEPT projects are routinely completed on-time and within budget, as a result of the skilled and well-trained union contractors responsible for each project. Consequently, MEPT assets consistently outperform the competition.

MEPT invests in new construction projects built using 100% union labor in order to add value through development, redevelopment, and acquiring core properties by building them at or below replacement cost. By capturing value relatively early in the life of the asset, MEPT's portfolio produces strong and stable current income. Job creation is a collateral benefit of the MEPT strategy.


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