MEPT

IN THE THIRD QUARTER, MEPT ACQUIRED 200 WEST MADISON, A 928,040 SQUARE FOOT, CLASS A OFFICE BUILDING IN CHICAGO’S WEST LOOP NEIGHBORHOOD, FOR A TOTAL PRICE OF $217.5 MILLION
The acquisition helps MEPT achieve its strategic objective of increasing the Fund’s allocation to central business district offi ce assets as it reduces its suburban offi ce weighting. Th e 45-story building has excellent access to public transportation; is a short walk to restaurants...

IN SEPTEMBER, MEPT ACQUIRED PENN MAR SHOPPING CENTER FOR A GROSS PURCHASE PRICE OF $60.2 MILLION
Penn Mar Shopping Center, a 387,028 square foot grocery-anchored center, is located in a densely populated submarket of Washington, D.C., which has solid demographics. Th e retail asset is 95 percent leased to a mix of discount and convenience retailers. Anchored by Shoppers Food & Pharmacy, Penn Mar Shopping Center’s other retailers include Burlington Coat Factory, Dollar Tree, Staples, Party City and Petco...

MEPT ACQUIRED ENSO PEARL DISTRICT IN PORTLAND, OREGON DURING THE QUARTER FOR A GROSS PURCHASE PRICE OF $55.5 MILLION
The acquisition of Enso Pearl District furthers MEPT’s strategic plan to acquire transit-oriented, multi-family assets in urban, infi ll locations that are attractive to the “Echo Boom” population. Enso Pearl District’s unit mix is weighted to studio and one-bedroom units, which fi ts well with this demographic...

MEPT Pays $218M for Chicago's 200 W. Madison
Multi-Employer Property Trust has purchased of 200 W. Madison, a 928,040-square-foot class A office building in Chicago's West Loop neighborhood, for $217.5 million…

BVT Sells 10 Southeast Centers
BVT Management Service Inc. finalized the sale of an 842,255 square foot retail portfolio to Multi-Employer Property Trust, a $4.7 billion real estate equity fund…

Deluxe Media Leases 229,000 SF for Logistics
Deluxe Media Management has leased a 229,450-square-foot industrial building at Vista Business Park in Valencia here from Multi-Employer Property Trust in what is believed to be the largest industrial building lease in the Santa Clarita/San Fernando Valley area this year.


	VALUE \| JOB CREATION \| UNION LABOR REQUIREMENT

Job Creation

An independent economic analysis, completed in June 2009 by ECONorthwest, Inc., reveals that MEPT investments have generated over 67 million job hours for Building Trades members across the United States. Additionally, the report shows that MEPT's development, renovation, and tenant improvement investments have resulted in over $13.3 billion in total economic activity in the communities where MEPT's buildings are located. Furthermore, MEPT began "greening" its portfolio several years ago and is a leader in developing LEED-certified buildings and managing buildings to achieve ENERGY STAR labeling. As a result, MEPT projects have directly created nearly 5,000 "green jobs" for the construction, technical and professional service sectors.

ECONorthwest analyzed the impact of 251 MEPT investments acquired, built or committed in 35 markets located around the United States from the Fund's inception in April 1982 through December 2008.

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