MEPT | Portfolio

MEPT Diversification

based on Gross Asset Value¹

Target

*Other includes Parking, Land, and other property types

Current

as of June 30, 2026

*Other includes Parking, Land, and other property types

NFI-ODCE

2Q26 MEPT Graphs_WEB_2_Diversification by Property Type_ODCE v3

as of March 31, 2026

ODCE allocations use the expanded property type definitions
*Other includes Parking, Land, and other property types

By Lifecycle

as of June 30, 2026

Diversification by Geographic Region

West

$3,966.8M
gross asset value

39
assets

Midwest

$722.6M
gross asset value

5
assets

East

$3,099.7M
gross asset value

32
assets

South

$2,012.7M
gross asset value

34
assets

NCREIF, the National Council of Real Estate Investment Fiduciaries, is a trade association of institutional real estate professionals that includes investment managers, plan sponsors, academics, consultants, appraisers, CPA's and other service providers with significant involvement in institutional real estate investments. NCREIF collects and disseminates real estate performance information, most notably the NCREIF Property Index (NPI) but also the NFI-ODCE. NCREIF Fund Index - Open End Diversified Core Equity (NFI-ODCE) is an index of investment returns reported on both a historical and current basis for open-end U.S. commingled funds with a core investment strategy. The NFI-ODCE index is capitalization-weighted and is reported gross of fess and measurement is time-weighted. Further information about this index is available at www.ncreif.org.

GRESB Rating: GRESB B.V. (GRESB) created and tabulated the Fund’s score, which covers activities taking place during each calendar year and its typically released on or around October 1 of the following year after materials for the Fund are submitted to GRESB. In order to obtain a rating, the Fund must pay a participation assessment fee for submission to GRESB. For more information regarding GRESB, please see https://gresb.com/nl-en/. BGO Diversified and MEPT were submitted together for the GRESB survey.

LEED certifications are a green building rating program developed by the U.S. Green Building Council (“USGBC”). Certifications achieved during the design and construction of a building do not expire. Certifications achieved based on the operation expire after three years and must be renewed. Fees are paid to the USGBC to receive building-level certifications. A complete list of Fund properties that have received LEED certifications and the date each was granted, and the date it will expire, if relevant, can be provided upon request.

Program Name	Number of Buildings in the MEPT Portfolio as of 12/31/2022	Number of Buildings in the BGO Diversified Portfolio as of 12/31/2022	Number of Buildings in the MEPT Portfolio as of 6/30/2026	Number of Buildings in the BGO Diversified Portfolio as of 6/30/2026	Certifying Body	Certification Period	Further Details
LEED Building Design + Construction	10	10	10	10	U.S. Green Building Council (USGBC)	Certifications are issued at the time of building development or major renovation and last in perpetuity. Rankings range from certified to platinum level for individual buildings	Buildings must pay registration and certification fees to pursue LEED certifications
LEED Building Operations + Maintenance	13	10	8	5	U.S. Green Building Council (USGBC)	Certifications are issued on a rolling basis and are valid for three years. Buildings must recertify to maintain certification standard. These MEPT and BGO Diversified buildings held certification as of June 30, 2026. Rankings range from Certified to Platinum for individual buildings	Buildings must pay registration and certification fees to pursue LEED certifications
LEED Building Design and Construction: Core and Shell	16	14	11	9	U.S. Green Building Council (USGBC)	Certifications are issued at the time of building development or major renovation and last in perpetuity. Rankings range from certified to platinum level for individual buildings	Buildings must pay registration and certification fees to pursue LEED certifications
LEED Residential Certification	3	3	4	4	U.S. Green Building Council (USGBC)	Certifications for multifamily new construction and major renovations	Buildings must pay registration and certification fees to pursue LEED certifications

ENERGY STAR certifications are conveyed by the U.S. Environmental Protection Agency (“EPA”). Certifications are given on an annual basis and must be certified year to year. Fees are paid to the EPA to receive building-level certifications.

Program Name	Number of Buildings in the MEPT Portfolio as of 12/31/2022	Number of Buildings in the BGO Diversified Portfolio as of 12/31/2022	Number of Buildings in the MEPT Portfolio as of 6/30/2026	Number of Buildings in the BGO Diversified Portfolio as of 6/30/2026	Certifying Body	Certification Period	Further Details
ENERGY STAR	26	23	44	41	U.S. Environmental Protection Agency	Certifications are issued on a rolling basis and are valid for one year. Buildings must re-certify to maintain certification standing. These MEPT buildings held valid certifications as of June 30, 2026

BOMA BEST Sustainable Buildings certification recognizes excellence in energy and environmental management and performance in commercial real estate. The program is managed by the Building Owners and Managers Association of Canada (BOMA Canada). Fees are paid annually for certification. More information is available at https://bomabest.org

Program Name	Number of Buildings in the MEPT Portfolio as of 12/31/2022	Number of Buildings in the BGO Diversified Portfolio as of 12/31/2022	Number of Buildings in the MEPT Portfolio as of 6/30/2026	Number of Buildings in the BGO Diversified Portfolio as of 6/30/2026	Certifying Body	Certification Period	Further Details
BOMA BEST Sustainable Buildings	100	100	69	69	Building Owners and Managers Association of Canada (BOMA Canada)	Fees are paid annually for certification

IREM Certified Sustainable Property program was developed by the Institute of Real Estate Management (“IREM”) with the Yardi Energy Efficiency Grant, which was awarded to IREM and other leading organizations to create programs and resources that reduce the energy consumption of properties. Fees are paid for certification, and recertification is required every three years. More information is available at / https://www.irem.org

Program Name	Number of Buildings in the MEPT Portfolio as of 12/31/2022	Number of Buildings in the BGO Diversified Portfolio as of 12/31/2022	Number of Buildings in the MEPT Portfolio as of 6/30/2026	Number of Buildings in the BGO Diversified Portfolio as of 6/30/2026	Certifying Body	Certification Period	Further Details
IREM Certified Sustainable Property	36	36	17	17	Institute of Real Estate Management	Fees are paid for certification, and recertification is required every three years	The Program was developed with the Yardi Energy Efficiency Grant

Fitwel Best in Building Health Awards are awarded by the Center for Active Design, via Fitwel®, the world’s leading certification system committed to healthy buildings for all. Fitwel Best in Building Health winners are recognized annually for their best-in-class innovations to enhance occupant health and well-being. Certifications are issued on a rolling basis and are valid for three years. Properties must recertify to maintain certification standing. Properties must pay certification fees to pursue Fitwell certifications.

Program Name	Number of Buildings in the MEPT Portfolio as of 12/31/2022	Number of Buildings in the BGO Diversified Portfolio as of 12/31/2022	Number of Buildings in the MEPT Portfolio as of 6/30/2026	Number of Buildings in the BGO Diversified Portfolio as of 6/30/2026	Certifying Body	Certification Period	Further Details
Fitwel Best in Building Health Awards	8	8	5	5	Center for Active Design	Certifications are issued on a rolling basis and are valid for three years. Properties must recertify to maintain certification standing. Properties must pay certification fees to pursue Fitwell certifications	Fitwel was originally created by the U.S. Centers for Disease Control (CDC) and Prevention and U.S. General Services Administration. The CDC remains the research and evaluation partner for Fitwel. The Center for Active Design was selected as the licensed operator of Fitwel

Pinnacle Economics, Inc. (“Pinnacle”) is an economic research firm that specializes in theoretically sound, data-driven, state-of-the-art approaches for measuring economic and fiscal impacts using the IMPLAN economic impact modeling software. Alec Josephson is a senior economist and President of Pinnacle with over 30 years of experience as a consulting economist. Pinnacle has produced economic, fiscal, and socioeconomic impact analyses for a wide range of projects for government agencies, corporations, nonprofits, trade associations, labor groups, and community organizations. Projects analyzed by Pinnacle include, but are not limited to, construction and operation infrastructure projects, commercial and industrial projects such as highway expansion and tolling projects, data centers, downtown revitalization programs, multi-family construction projects, bond-financed school modernization programs, and multi-use commercial developments. More information can be found at https://pinnacleecon.com

The IMPLAN (IMpact analysis for PLANning) is an economic modeling software. IMPLAN was originally developed by the Minnesota IMPLAN Group, Inc. and the US Forest Service in cooperation with the Federal Emergency Management Agency and the Bureau of Land Management to assist federal agencies in their land and resource management planning. There are over 1,500 public and private users of the IMPLAN modeling software. IMPLAN relies on a commodity/industry accounting framework that corresponds closely to that used in the Bureau of Economic Analysis “Input-Output Study of the U.S. Economy” and those recommended by the United Nations. IMPLAN uses a large database of regional and national data to forecast economic activity. The main sources of data are: US Bureau of Economic Analysis Benchmark I/O Accounts; US Bureau of Economic Analysis Output Estimates; US Bureau of Economic Analysis REIS Program; US Bureau of Labor Statistics Covered Employment and Wages or ES202 data; US Bureau of Labor Statistics Consumer Expenditure Survey; US Census Bureau County Business; US Census Bureau Decennial Census and Population Surveys; US Census Bureau Economic Censuses and surveys; US Department of Agriculture Crop and Livestock Statistics; and US Geological Survey.

Visit bgo.com to learn more.

BGO includes BentallGreenOak (Canada) Limited Partnership, BentallGreenOak (U.S.) Limited Partnership and the real estate and commercial mortgage investment groups of certain of their affiliates, all of which comprise a team of real estate professionals spanning multiple legal entities. The assets under management shown above include real estate equity and mortgage investments of the companies within BGO. For more information, please visit bgo.com.

Forward-looking statements are subject to change due to investment strategy execution or market conditions, and past performance is not indicative of future results. Forward-looking statements are based upon certain assumptions. Other events, which were not taken into account, may occur and may significantly affect performance. Any assumptions should not be construed to be indicative of the actual events that will occur. Some important factors which could cause actual results to differ materially from those projected or estimated in any forward-looking statements include, but are not limited to, the following: changes in interest rates and financial, market, economic, tax, or legal conditions. Other risks are described in detail in the fund’s offering documents.

The information in this website is not intended to provide specific financial, tax, investment, insurance, legal or accounting advice and should not be relied upon and does not constitute a specific offer to buy and/or sell securities, insurance or investment services. Investors should consult with their professional advisors before acting upon any information contained in this presentation.

Past performance does not indicate how an investment option will perform in the future. Current performance may be lower or higher than the performance shown. Investment return and principal value will fluctuate. An investor's shares, when redeemed, may be worth more or less than their original purchase price. Performance includes the reinvestment of dividends and capital gains.

This information is not intended to render any investment advice or recommendations. Your decision as to an investment in the Fund must be made by you in consultation with your own advisors. NewTower and its affiliates receive fees for managing the Fund, and therefore cannot provide impartial investment advice or otherwise act as your fiduciary in connection with your investment decision.

NewTower Trust Company of Bethesda, Maryland ("NewTower") is the trustee of The NewTower Trust Company Multi-Employer Property Trust (“MEPT” or the “Fund”).

BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO has offices in 25 cities across 12 countries with deep, local knowledge, experience, and extensive networks in the regions where we invest and manage real estate assets on behalf of our clients. BGO is a part of SLC Management which is the institutional alternatives asset management business of Sun Life.

For more information, please visit bgo.com

Portfolio

The portfolio is diversified by life cycle, property type, location and investment size. The properties in the portfolio average 12.9 years in age, and the operating portfolio is 91.6% leased.

MEPT Diversification

Target

Current

NFI-ODCE

By Lifecycle

Diversification by Geographic Region

West

Midwest

East

South

Disclosures

We welcome the opportunity to tell you more about MEPT and to answer any questions you may have.

Contact Us

Portfolio

The portfolio is diversified by life cycle, property type, location and investment size. The properties in the portfolio average 12.9 years in age, and the operating portfolio is 91.6% leased.

MEPT Diversification

Target

Current

NFI-ODCE

By Lifecycle

Diversification by Geographic Region

West

Midwest

East

South

Disclosures

Performance / Portfolio

Environmental

Social / Job Study

About Us / Legal

We welcome the opportunity to tell you more about MEPT and to answer any questions you may have.

Contact Us