Recent Study Finds Total Economic Impacts Attributed to MEPT Investments Equates to $18.1 billion Over Last 34 Years
In a recently completed study, The Economic and Fiscal Impacts of Multi-Employer Property Trust Investments Across the United States, by Pinnacle Economics, Inc., it was shown that MEPT has directly generated $8.5 billion in economic activity in 41 markets throughout the United States since 1982. Additionally, construction activity created by MEPT investments has generated $6.8 billion in output and 47,428 construction jobs with 91.7 million hours of work for members of the local Building Trades. Furthermore, MEPT investment spending has a multiplier effect on communities. Between 1982 and 2015, the total economic impacts attributed to MEPT investment spending amount to $18.1 billion in total economic activity. Additional details or a copy of the full Report is available by request to Vanessa Parrish at

MEPT Receives Top Ranking in GRESB Benchmark
MEPT once again ranked 1st globally among its peer group on the Global Real Estate Sustainability Benchmark (GRESB) and has been a top tier ranked fund with GRESB for the last six years.  MEPT earned five green stars, the highest possible, which reflects upper quintile performance compared with the entire universe of participants. Although participation and benchmark performance continues to increase and improve, MEPT remains significantly ahead of its peer group in all seven of the GRESB Aspects or scoring categories. Each GRESB Aspect is scored on a 0 to 100 scale and MEPT’s average score was 23 points ahead of its Peer Group.

During the third quarter, MEPT committed $7.0 million toward pre-development costs associated with Capitol Hill Station in Seattle.
Capitol Hill Station, located at the site of the Capitol Hill Link Light Rail station, is anticipated to be a LEED Platinum, 332-unit multi-family asset with 33,024 square feet of retail space. Capitol Hill Station is structured as a joint venture with Portland, Oregon-based Gerding Edlen Development, and the transaction is aligned with the Fund’s focus on responsible investment in transit-oriented locations within knowledge-driven Primary Markets.…

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…


Property Spotlight

Click on the link below to view or to download a PDF.
"Greening" an Existing Real Estate Portfolio pdf
MEPT's Multi-Family Portfolio pdf
The Octagon, New York, NY pdf

  Featured Project: Hubbard Place

Market: Chicago
Size: 450 units

Hubbard Place is a 43-story, 450-unit multi-family development in the River North neighborhood in Chicago. In 2011, MEPT committed $75.5 million in a joint venture to build the apartment tower, and the project became shell complete in November 2013.

The property has 378,729 square-feet of rentable living space with nearly 400 parking spaces and many attractive amenities. At the end of 2013, Hubbard Place began its initial lease-up phase and achieved 35.6% leased by year end with strong interest from young professionals. The property is now more than 90% leased.

The building is centrally located with proximity to many of Chicago’s major downtown employment hubs including North Michigan Avenue, LaSalle Street, and the West Loop, and multiple transit options are within walking distance.

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