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.