NewTower Trust

What NewTower Trust does

NewTower Trust Company is a Maryland state-chartered trust company headquartered in Bethesda, Maryland, founded in 2005 to provide fiduciary and trustee services for institutional real estate investments. The company serves as an independent ERISA fiduciary managing bank collective trusts, with its flagship mandate being trustee for BentallGreenOak's Multi-Employer Property Trust (MEPT) Fund—one of the largest open-end commingled real estate equity funds in the U.S. NewTower's core product set encompasses bank collective trust management, third-party real estate and debt valuation, trust accounting and financial reporting (GAAP, REIS, NCREIF, GIPS), investment decision support, asset and portfolio analytics with performance reporting, and standalone fiduciary services for institutional clients.

The firm's technology platform provides secure, web-based access to fund information with automated modeling tools and industry-leading market data resources supporting performance attribution and benchmarking. Valuation is conducted through a multi-layered process in which each MEPT asset is appraised quarterly by an independent MAI appraiser selected by NewTower, with additional verification by an independent valuation consulting firm. The platform integrates compliance monitoring, risk management, and customized investor reporting to support institutional due diligence requirements.

NewTower operates a direct-to-institutional B2B distribution model with no intermediaries, generating revenue through fees on managed trust assets and fiduciary oversight. Pricing is quote-based and negotiated rather than publicly disclosed. The firm runs a lean operation (1–10 employees) serving 400+ institutional clients and approximately $10.0 billion in assets. Its revenue model is concentrated heavily with BGO-affiliated fund vehicles, with additional cross-border reach into Japanese institutional capital via the BGO Diversified US Property Fund LP structured under Japan's Financial Instruments and Exchange Act for Qualified Institutional Investors.

Name

NewTower Trust

Legal name

NewTower Trust Company

Website

https://newtowertrust.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

NewTower Trust is a Maryland-chartered trust company founded in 2005 providing independent ERISA fiduciary and trustee services to institutional real estate investors, managing approximately $10 billion in assets across 400+ clients, with BentallGreenOak's MEPT Fund as its flagship mandate.

Ownership category

akta.pro rank

Product category

Trust and Fiduciary Services

NAICS

Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (52592)

SIC

Finance Services (6199)

akta.pro primary industry

Corporate & Institutional Trust Services (FSAAANAB)

akta.pro secondary industries

Corporate Trust Services (Trustee, Agent & Escrow Roles) (FSAEAKAB), Trust Administration & Fiduciary Accounting Services (FSAAANAF)

Keywords

• Real estate fiduciary services
• Institutional trustee services
• Bank collective trust management
• Real estate valuation services
• ERISA fiduciary oversight

Headquarters

HQ city

Bethesda

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Fiduciary and Trustee Services: NewTower provides fiduciary and trustee services for institutional investors, managing bank collective trusts and providing valuation, investment support, and financial reporting services. Revenue is generated through fees for managing trust assets and providing fiduciary oversight.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

NewTower Trust provides fiduciary and trustee services for institutional investors, managing bank collective trusts (notably the MEPT Fund) and offering third-party real estate and debt valuation, investment support, trust accounting and financial reporting, and asset/portfolio analytics and performance reporting. The firm serves as an independent ERISA fiduciary overseeing institutional real estate investments with quarterly independent MAI appraisals and comprehensive web-based investor reporting.

Product overview

NewTower Trust offers a unified platform of fiduciary and trustee services centered on real estate investment management. The core offering includes Bank Collective Trust Management (notably the MEPT Fund), Trust Services (valuation, investment support, accounting/financial reporting, and analytics/performance reporting), and Fiduciary Services. These products work together as an integrated service offering, with NewTower serving as trustee for institutional investors and providing comprehensive back-office support including quarterly independent MAI appraisals, compliance monitoring, and web-based investor reporting through a sophisticated technology platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Bank Collective Trust Management (MEPT Fund) Management of bank collective trusts, specifically acting as trustee for the BentallGreenOak Multi-Employer Property Trust (MEPT) Fund, a large open-end commingled real estate equity fund that invests in a diversified core portfolio of institutional-quality real estate assets in the U.S. Intended for institutional investors seeking pooled real estate exposure with the structural advantages of a bank collective trust.
• Valuation Services Third-party real estate and debt valuation services using a disciplined process with multiple levels of review, providing one-time or periodic valuation for asset portfolios. Each MEPT asset is appraised quarterly by an independent MAI appraiser selected and engaged by NewTower, with additional verification by an independent valuation consulting firm. Intended for institutional clients needing objective property-level and portfolio-level valuations.
• Trust Accounting and Financial Reporting Portfolio-level, fair-value real estate financial reporting performed in accordance with GAAP, REIS, NCREIF guidelines, and GIPS standards, designed to meet the reporting and audit requirements of institutional investors and their consultants.
• Asset and Portfolio Analytics & Performance Reporting Comprehensive analysis and targeted reporting providing investors and fund managers with deeper understanding of portfolio performance drivers and progress toward operational and strategic goals, with attribution and benchmarking analyses supported by automated modeling tools and industry-leading market data resources.
• Investment Support Fiduciary evaluation of complex real estate investments, including independent review of advisor recommendations and execution of investment decisions consistent with fund strategies, intended for institutional investors who need an independent fiduciary perspective on real estate investment decisions.
• Fiduciary Services Third-party fiduciary services for situations requiring objective oversight of investment decisions consistent with ERISA and other fiduciary requirements, leveraging state-of-the-industry valuation, investment decision-making, trust accounting, reporting, and portfolio management capabilities. Intended for institutional investors needing an independent ERISA fiduciary.
• BGO Diversified US Property Fund LP A fund managed by NewTower with General Partner NewTower Management GP, LLC, in which NewTower serves as fiduciary and trustee for institutional investors, subject to Japanese Financial Instruments and Exchange Act disclosures for Specially Permitted Business for Qualified Institutional Investors.

Quantifiable outcome

• Manages $10.0 billion in assets for 400+ institutional clients since 2005
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• BentallGreenOak (BGO)coreStrategic or Co-development PartnerNewTower partners with BGO supporting key aspects of the Fund's investment strategy including acquisition of existing assets, development, asset management and property disposition. NewTower serves as the trustee for BGO's MEPT Fund, 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 one of the largest open-end real estate equity funds in the U.S.
• NewTower Management GP, LLCcoreOthersGeneral Partner for BGO Diversified US Property Fund LP. NewTower serves as fiduciary and trustee for institutional investors in this fund structure.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/newtower-trust

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NewTower Trust