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…



 

 

as of
6/30/16
Net of Fees Trailing 4 Quarters (compounded) Gross of Fees Trailing 4 Quarters (compounded)
Total 1.73% 10.78% 1.96% 11.76%
Income 0.81% 3.62% 1.03% 4.54%
Appreciation 0.93% 6.98% 0.93% 6.98%
 

Multi-Employer Property Trust (MEPT) is an open-end commingled real estate equity fund that invests in a diversified portfolio of institutional-quality real estate assets in the United States. Founded in 1982, MEPT now has over $6.3 billion in net assets and has become one of the largest real estate equity funds in the US.

MEPT's portfolio consists of 102 investments in 24 major metropolitan markets across the US. MEPT's seasoned management team has created a diversified portfolio of top-quality, core, income-producing assets through acquisition, development, rehabilitation, or repositioning of undervalued assets. The Fund invests in office buildings, warehouses, flex/research and development facilities, apartments, and retail centers.

For over 30 years, MEPT has consistently delivered competitive and stable returns for its investor base-now 336 pension plans- through an investment vehicle that offers strong governance and liquidity. In addition, MEPT is recognized as a pioneer in responsible property investing-it is the largest commingled real estate fund in the US that is signatory to the UN Principles for Responsible Investment (UN PRI). MEPT is an acknowledged leader in the USGBC's® LEED® green building and the EPA's ENERGY STAR programs and has, since inception, maintained a Responsible Contractor Policy that requires that all contractors working on its portfolio properties be signatory to collective bargaining agreements with legitimate trade unions.



   
 
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