What are the benefits of investing in a real estate strategy involving development or property enhancement?
MEPT’s primary investment strategy is to create top-quality, core, income-producing assets through development, rehabilitation, or acquisition and repositioning of undervalued assets. MEPT adds value through development and redevelopment, acquiring core properties by building them at or below replacement cost. The Fund invests in office buildings, warehouses, flex/research and development facilities, retail centers, apartment complexes and hotels in order to maintain a diversified, institutional-grade “core” portfolio. By capturing value relatively early in the life of the asset, MEPT’s portfolio produces strong and stable current income. The Fund makes these investments through a combination of forward commitments and fee- and incentive-based Developer Service Agreements (DSAs) with developers. MEPT’s risk management strategy for development projects mitigates the impact of construction risk, market risk, and environmental, legal and other property-related risks. Finally, as the owner
