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NewTower serves as the trustee for the Multi-Employer Property Trust (MEPT), an open-end commingled real estate equity fund that invests in a diversified core portfolio of institutional-quality real estate assets in the U.S. Founded in 1982, MEPT is now one of the largest open end real estate equity funds in the U.S.

MEPT's portfolio consists primarily of equity interests in institutional quality real estate assets in major metropolitan markets across the U.S., comprising a diversified portfolio of top-quality, income-producing office buildings, warehouses, flex/research, apartments, retail centers, and hotels.

MEPT is recognized as a pioneer in responsible property investing—it is the largest commingled real estate fund in the U.S. that is signatory to the UN Principles for Responsible Investment and is rated third among real estate funds in the Americas in the Global Real Estate Sustainability Index. MEPT is an acknowledged leader in the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) and the EPA's ENERGY STAR programs and has, since inception, maintained a Responsible Contractor Policy that requires all contractors working on its portfolio properties to be signatory to collective bargaining agreements with recognized trade unions.


*Note: This summary does not constitute an offer to sell or a solicitation to buy any investment securities.



Major Portfolios

MEPT Facts
(as of June 30, 2018)

  • Gross Asset Value: $8.2 billion
  • Net Asset Value: $6.5 billion
  • Number of investments under management: 103
  • Metro Markets: 25
  • Gross of Fees Returns:


NewTower Trust Company