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MetLife's real estate investment manager grows portfolio

Published 03/27/2018, 10:35 AM
© Reuters.  MetLife's real estate investment manager grows portfolio
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  • MetLife's (MET -0.4%) real estate asset manager, MetLife Investment Management, has seen its real estate portfolio grow to $76.4B after adding $16B of new investments last year. The division grew its commercial-loan portfolio by $14B, and signed contracts on $2.1B in new properties.
  • The unit was set up in 2012 to help oversee assets for the life insurer as well as external clients like pension funds and other insurers.
  • MetLife Investment Management had a strong year with continued high interest in real estate from institutional investors as well as Asian buyers in the U.S. market, said Robert Merck (NYSE:MRK), global head of real estate and agriculture at the asset manager. Merck added that “It’s a good diversification play,” and the strategy will help the insurer “meet the needs of our multiple clients.”
  • Now read: MetLife: Risk/Reward Is Skewed To The Upside


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