Investment decisions are made by the NewTower Investment Committee, composed of NewTower leadership who collectively possess over 100 years of relevant real estate and investment experience. Trust Real Estate Investment Committee ("TREIC") operations are overseen by the Trust Investment Committee ("TIC"), a committee of the Board of Directors chaired by an independent director. NewTower's investment committees review the investment recommendations received from the investment advisor.
Valuation of real estate, debt, and other real estate assets is a special focus and expertise of NewTower. We maintain a valuation process that is one of the most thorough and objective in the commercial real estate industry. For example, each MEPT asset is appraised quarterly by an independent Member of the Appraisal Institute (MAI) who must be selected and engaged by NewTower. As an additional safeguard, NewTower retains an independent valuation consulting firm to verify the accuracy of the appraisal process.
NewTower has the expertise to provide detailed analyses to interpret the drivers of investment performance. Analytical research capabilities combined with automated modeling tools and industry leading market data resources support detailed attribution and benchmarking analyses supporting fund strategies and operations.
Working with its strategic partners, NewTower applies its analytics capabilities and deep industry knowledge to support the development of strategic plans for managed funds. Backed by a strong understanding of the competitive environment and fund dynamics and goals, these strategies help achieve portfolio success.
NewTower specializes in portfolio-level, fair-value, real estate financial reporting. This includes financial reporting in accordance with Generally Accepted Accounting Principles (GAAP), Real Estate Information Standards (REIS), National Council of Real Estate Investment Fiduciaries (NCREIF) guidelines, and Global Investment Performance Standards (GIPS).
NewTower manages investment data and uses information systems allowing for highly customized investor reporting. In addition, NewTower's systems provide investors and consultants with comprehensive investor reporting.
As a critical part of fund management, NewTower excels at safeguarding client investments by effectively managing real estate, cash, cash equivalents, transaction execution and related legal documentation.
In this role, NewTower monitors daily administrative and operational matters including compliance with state and federal laws and regulations including Employee Retirement Income Security Act (ERISA), Office of the Comptroller of the Currency, State of Maryland Banking Regulations, and the Internal Revenue Service. NewTower's operations are regularly reviewed by examiners from the Maryland Office of the Commissioner of Financial Regulation.
NewTower believes that strong internal controls are essential to its service to investors and to the performance of the funds NewTower manages. NewTower's in-house legal and regulatory compliance team provides regulatory and risk management services to management and the Board of Directors. The function is organized to report directly to the Board as well as to senior management in order to provide a degree of independence from management. The services cover the numerous rules and regulations governing NewTower as a bank, a trustee and a manager of pension fund and other investments.
Through close attention to its regulatory and compliance obligations, NewTower has successfully maintained a strong relationship with its regulators.
The Legal and Compliance program is designed as a means of further assuring investors interests are protected.
NewTower is experienced in implementing the principles of Responsible Property Investing (RPI) for appropriate investment structures.
RPI provides the framework for NewTower to incorporate environmental, social and governance practices to complement its prudent management of real estate investments. These practices have the potential to enhance returns while providing collateral benefits that are important to many investors.
NewTower upholds the highest degree of fiduciary standards and unparalleled transparency.