General Info:
NewTower Trust Company, based in Bethesda, Maryland, is a limited purpose, non-depository trust company chartered and supervised by the State of Maryland. NewTower provides trustee, investment management, and independent fiduciary services to pension plans and their advisors through its oversight and management of commingled funds. NewTower began operations in June 2005 with a management team that successfully administered the Multi-Employer Property Trust ( MEPT - http: //www.mept.com ) for more than 14 years with an ongoing mission to serve this client. Founded in 1982, MEPT is an open-end commingled real estate equity fund with currently over $7.25 billion in assets. NewTower's capability, proven through the MEPT relationship, allows the Company to provide comprehensive trust services to other clients. Since inception, NewTower has continued to add experienced professionals in order to fulfill its mission. Most recently, NewTower expanded the team through the addition of NewTower Valuation Services LLC ( NVS ). The staff of NVS had been the outsourced provider of valuation services to NewTower and its predecessor trustee for several years. NewTower personnel are active participants in industry trade groups and hold multiple memberships and designations including National Council of Real Estate Investment Fiduciaries ( NCREIF ), Pension Real Estate Association ( PREA ), International Foundation of Employee Benefit Plans ( IFEBP ), Urban Land Institute ( ULI ), Counselors of Real Estate ( CRE ), Fellow of the Royal Institution of Chartered Surveyors ( FRICS ), Member of the Appraisal Institute ( MAI ), and the American Bankers Association ( ABA ). NewTower's corporate culture is critical to its business and client service. From the beginning, the management team has emphasized these guiding values, which govern the business: Execution ' NewTower operates in a proactive and reliable manner to exceed client expectations, and it is recognized as a leader in providing outstanding Trustee services. Client Centrism ' The Bank understands its clients' businesses, anticipates the needs of pension plans and responds to them in a timely and accurate manner. Integrity ' NewTower holds itself to the highest standards applied to a fiduciary. The Company operates with honesty, accountability, respect and loyalty. Value Creation ' NewTower provides proven investment management with tailored solutions to ensure superior client performance. Teamwork ' NewTower's senior management team has worked together for more than a decade. NewTower values teamwork and maintains excellent professional relationships with service providers and regulatory officials. Professionalism ' The Company adheres to the high legal standards and professional responsibilities of a fiduciary to ensure that client interests are protected.