Sony Pixel Power calrec Sony

METLIFE INVESTMENT MANAGEMENT REACHES RECORD $5.0 BILLION OF GLOBAL AGRICULTURAL MORTGAGE PRODUCTION FOR 2018

30/03/2019

METLIFE INVESTMENT MANAGEMENT REACHES RECORD $5.0 BILLION OF GLOBAL AGRICULTURAL MORTGAGE PRODUCTION FOR 2018 WHIPPANY, N.J., March 28, 2019 MetLife Investment Management (MIM), MetLife, Inc.'s (NYSE: MET) institutional asset management business, announced today that it originated $5.0 billion in global agricultural loans in 2018, a 72.4% increase over the prior year, and a record amount for MIM. This strong production propelled MIM's total agricultural mortgage loan assets under management to $17.9 billion, another record for MIM, further solidifying the firm as the largest non-government sponsored, agricultural mortgage lender in the United States1.

Despite low commodity prices and ongoing trade uncertainty, our agricultural finance group achieved record growth in 2018, said Robert Merck, senior managing director and global head of real estate and agriculture at MetLife Investment Management. During the year, we continued to support our domestic producer clients, and we made significant progress in expanding internationally, most notably into Uruguay and Mexico.

During 2018, MIM also expanded its agricultural lending platform to include a Forest Products platform, focusing on lending to fiber processing facilities and other commercial timberland downstream borrowers. This initiative allows MIM to provide loans across the full spectrum of the forestry supply chain, from production to processing.

Barry Bogseth, managing director and head of MIM's agricultural finance group, added: In 2018, we continued to cement our role as a steady source of capital for the agricultural sector. We look forward to further serving our agriculture clients with customized financing solutions that meet their needs, just as we have for over 100 years.

Highlights of MIM's agricultural lending transactions for 2018 include:

Every Bear Investment, LLC

$228 million senior secured fixed-rate financing for 10 years

Borrower is a subsidiary of iStar, Inc. (NYSE: STAR), a REIT focused on investments in commercial real estate

Secured by seven cold storage warehouses located in seven states, totaling 1.24 million square feet

BTG Pactual Timberland Investments Group

$125 million revolving line-of-credit facility

Secured by approximately 165,000 acres of timberland located in eight states

Collateral is dispersed across all primary timber producing regions in the United States and contains many different commercial hardwood and softwood timber species

FirstFruits HoldCo, LLC

$85 million variable rate term loan financed for 20 years

Secured by 12,643 acres of orchards and farmland in Washington state

Collateral includes orchards and processing facilities in the leading apple growing region in the United States

El Maximo Ranch Holdings, LLC

$75 million variable rate term loan financed for 15 years

Secured by 38,458 acres in Florida

Farming operation on collateral will include row crops and vegetable production, along with cattle ranching

MetLife Investment Management oversees an agricultural portfolio consisting primarily of mortgages for farms, ranches, food production, agribusiness, and timberland. The firm has provided agricultural financing solutions since 1917 and is the largest non-government sponsored, agricultural mortgage lender in the United States. MIM's agricultural finance group has a lending presence in most major agricultural production areas throughout the United States and South America.

About MetLife Investment Management

MetLife Investment Management, MetLife, Inc.'s institutional asset management business, is a global fixed income and real estate manager providing differentiated investment solutions to institutional investors worldwide. MetLife Investment Management provides institutional investors including corporate and government pension plans, insurance companies and other financial institutions with long-term public and private investment and financing solutions. MetLife Investment Management leverages a disciplined credit research and underwriting process to provide institutional investors with asset origination and acquisition opportunities and proprietary risk management analytics across public fixed income strategies, private placements, and commercial real estate debt and equity investing, among others. For more information, visit https://investments.metlife.com.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ( MetLife ), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

Forward-Looking Statements

This news release may contain or refer to forward-looking statements. Forward-looking statements give expectations or forecasts of the future using terms such as anticipate, estimate, expect, project, intend, plan, believe, will, and other terms tied to future periods. Results could differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements are based on assumptions and expectations. They involve risks and uncertainties, including the Risk Factors MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. The company has no obligation to correct or update any forward-looking statement. Parts of this news release may include additional information on forward-looking statements. This news release may also contain measures that are not calculated based on accounting principles generally accepted in the United Sta
LINK: https://www.metlife.com/content/metlife/us/homepage/about-us/newsroom/...
See more stories from metlife

Most recent headlines

04/08/2024

Dalet Appoints Santiago Solanas as CEO to Lead Next Era of Growth and Innovation

Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....

03/06/2024

Dalet and Veritone Reach Agreement to Distribute, Transact and Monetize Media Archives

Dalet, a leading technology and service provider for media-rich organizations, a...

19/05/2024

TV Techs Weekly Product Wrap-Up

Missed any of our product coverage during your busy week? The TV Tech weekly product and services news wrap-up provides links to all of our coverage from May 13...

19/05/2024

The CW Shares Its 2024-2025 Lineup

LeVar Burton will host the new game show Trivial Pursuit on The CW, while Raven-Symon will host Scrabble....

19/05/2024

Biden, Trump Agree to Debates on CNN, ABC

President Joe Biden and former President Donald Trump have agreed to debates, set for June 27 on CNN and September 10 on ABC....

19/05/2024

End of the Line for Young Sheldon' on May 16

Young Sheldon signs off after seven seasons on CBS, when the series finale airs Thursday, May 18. Jim Parsons and Mayim Bialik reprise their roles as Sheldon Co...

18/05/2024

If Bundling Is Back, What's the Ideal Bundle?

PORTSMOUTH, N.H. Bundling is back in a big way, with all the major streaming companies and many pay TV operators exploring ways to simplify the consumer experie...

18/05/2024

FCC to Vote on LPTV Rules during June Open Meeting

WASHINGTON, D.C. Federal Communications Commission Chairwoman Jessica Rosenworcel has announced a tentative agenda for the June Open Commission Meeting schedule...

18/05/2024

Matthews Launches New Multipurpose Grip Rail Telescopic Grid Pipe Solution

Matthews Studio Equipment has introduced Grip Rail, which the company said offers a better way to mount equipment on location, in the studio, or on the fly....

18/05/2024

IAB Tech Labs, Google Partner on New First Party Data Solution

In a notable development in the industry-wide effort to address privacy concerns while improving efficacy of marketing efforts in a cookieless ad landscape, IAB...

18/05/2024

TV Tech Weekly Product Wrap-Up

Missed any of our product coverage during your busy week? The TV Tech weekly product and services news wrap-up provides links to all of our coverage from May 13...

18/05/2024

DHD Elevates the Art of Podcast Production

DHD Elevates the Art of Podcast Production Brie Clayton May 17, 2024 0 Comments Hero image: the DHD DX2 base and expansion modules Latest-generation ...

17/05/2024

Aerojet Rocketdyne's Camden Site Leverages Modernization Investments to Accelerate Solid Rocket Motor Production

Aerojet Rocketdyne has worked to modernize facilities at its Camden, Arkansas, l...

17/05/2024

FCC Plans to Revise LPTV Rules

The FCC has issued a Notice of Proposed Rulemaking (NPRM) that would revise rules governing low power TV stations (LPTV) in a number of areas, including online ...

17/05/2024

Demystifying Post-Production: Introducing Cinema 4D Particles Week 4

Demystifying Post-Production: Introducing Cinema 4D Particles Week 4 Brie Clayton May 17, 2024 0 Comments With the spring release of Maxon One, we&#...

17/05/2024

Takashi Yamazaki Film Godzilla Minus One Graded with DaVinci Resolve Studio

Takashi Yamazaki Film Godzilla Minus One Graded with DaVinci Resolve Studio Brie Clayton May 17, 2024 0 Comments Hero image credit: 2023 TOHO CO., LT...

17/05/2024

Sterling Event Group Streamlines Live Event Productions with AJA

Sterling Event Group Streamlines Live Event Productions with AJA Brie Clayton May 17, 2024 0 Comments Live event productions only happen once, which ...

17/05/2024

Meet the product manager

Muster Ngobi, product manager at LYNX Technik tells TVBEurope how the ever-evolving media industry provides a truly dynamic working environment By Matthew Corr...

17/05/2024

TV, Streaming Schedule for 2024 NFL Regular Season Is Released

NEW YORK As declines in linear TV viewing make the ongoing popularity of live sports, particularly football, central to financial success of the TV industry, th...

17/05/2024

Netflix Ad Tier Hits 40M Monthly Active Users

During Netflixs second Upfront presentation to advertisers, Amy Reinhard, Netflix's president of advertising, walked advertisers through the continued growt...

17/05/2024

Scripps Promotes Jeff Kiernan to VP, Local News

CINCINNATI The E.W. Scripps Company has added to its leadership team for news by promoting Jeff Kiernan a veteran journalist and general manager of Scripps'...

17/05/2024

Survey: New Disney-Fox-WBD Sports Streamer May Hurt Pay TV Sub Counts

Top executives from Disney, Fox and Warner Bros. Discovery have consistently insisted that their joint venture to launch the Venu Sports streaming bundle in the...

17/05/2024

Caitlin Clark's WNBA Debut Set Viewing Records

ESPN has announced that its coverage of Caitlin Clark's WNBA debut in the Indiana Fever versus the Connecticut Sun season opener was the most-watched WNBA g...

17/05/2024

ATEM Mini Extreme ISO switcher and Blackmagic Pocket Cinema Camera 4K

ATEM Mini Extreme ISO switcher and Blackmagic Pocket Cinema Camera 4K Brie Clayton May 16, 2024 0 Comments Blackmagic Design announced today that Yoic...

17/05/2024

Pixomondo's Virtual Production Academy Expands with Programs at Sony PCL, Vook, and Vancouver Film School

Pixomondo's Virtual Production Academy Expands with Programs at Sony PCL, Vo...

17/05/2024

WBD Upfront Show Offers Peeks at House of the Dragon,' White Lotus,' Biden-Trump Debate

The Warner Bros. Discovery upfront presentation took place Wednesday, May 15 at ...

17/05/2024

The Black Keys, Jelly Roll, Kate Hudson Set To Perform on The Voice' Finale

Season 25 of The Voice wraps on NBC Tuesday, May 21, with performances from The Black Keys, Jelly Roll, Kate Hudson, Lainey Wilson, Muni Long, Thomas Rhett and ...

17/05/2024

CNN Boss Mark Thompson's Plan Includes More News in More Categories on More Devices (Upfronts)

New CNN CEO Mark Thompson spelled out his plan for the struggling news network d...

17/05/2024

Netflix To Launch In-House Advertising Tech Platform

Netflix, a newcomer to the advertising business, said it plans to launch an in-house advertising technology platform....

17/05/2024

Netflix Plots TV Takeover at Upfront Presentation

Netflix shared some programming projects at an upfront presentation in New York. Those include the basketball-themed comedy series Running Point, a Mindy Kaling...

17/05/2024

Plex Geek Week Sale Offers 20% Off Plex Lifetime Pass

Plex is offering movie and music collectors a 20% discount off its Lifetime Plex Pass as part of its Geek Week sale....

17/05/2024

GroupM Names Toby Jenner as President, GroupM Clients

Giant media buyer GroupM said it named Toby Jenner as global president, Group M Clients, a new position at the company....

17/05/2024

Clients of Independent Agencies Boost Programmatic Buying

Smaller advertisers are increasingly buying connected TV programmatically, according to a new report from FreeWheel, Comcast's ad-tech unit....

17/05/2024

TCLtvPlus Adds Streaming Music Channels From Vevo

TCLtvPlus, the streaming app on smart TVs made by TCL, has added live linear channel from music-video programmer Vevo....

17/05/2024

StackAdapt Adopts Data From Samba TV for Programmatic Campaigns

StackAdapt said it made a deal to integrate data from Samba TV into its programmatic advertising platform....

17/05/2024

Tonight on Skeem Saam: Lehasa gets a rude awakening when Kgosi blackmails him

Tonight on Skeem Saam: Lehasa gets a rude awakening when Kgosi blackmails himDon't miss Friday, 17 May's riveting episode of South African soapie Skeem ...

17/05/2024

Tonight on House of Zwide: Dorothy is blown away by Ona's sketches for her wedding dress

Tonight on House of Zwide: Dorothy is blown away by Ona's sketches for her w...

17/05/2024

Tonight on Scandal: Dintle has a visit from her past that leaves her very unsettled

Tonight on Scandal: Dintle has a visit from her past that leaves her very unsett...

17/05/2024

Save Time and Money with WO Traffic v24.0

WO Traffic provides a solid foundation from which stations can manage, execute, and scale end-to-end ad trafficking and sales, both today and into the future. W...

17/05/2024

Broadcast Innovation in India: How AI and Automated Production Helps Smaller Sports Grow

Broadcast Innovation in India: How AI and Automated Production Helps Smaller Spo...

17/05/2024

SVG Sports Cloud Production Forum Gives Refresher Course on Cloud-Based Tools, Ecosystem

SVG Sports Cloud Production Forum Gives Refresher Course on Cloud-Based Tools, E...

17/05/2024

WNBA Tip-Off 2024: Scripps Sports Constructs New Studio for Second Season of WNBA Friday Night Spotlight on ION

WNBA Tip-Off 2024: Scripps Sports Constructs New Studio for Second Season of WNB...

17/05/2024

SVG College Summit 2024: Auburn's War Eagle Productions Breaks Down How They Produce Live Gymnastics Broadcasts

SVG College Summit 2024: Auburn's War Eagle Productions Breaks Down How They...

17/05/2024

Netflix & Shondaland Announce the Song List and Soundtrack for 'Bridgerton' Season 3: Part 1

Back to All News Netflix & Shondaland Announce the Song List and Soundtrack for...

17/05/2024

Skeem Saam: Thursday's episode, 16 May 2024 [video]

Skeem Saam: Thursday's episode, 16 May 2024 [video]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African soa...

17/05/2024

Prison Journalism: Letter to my mothers

Prison Journalism: Letter to my mothersThabo Mthembu was incarcerated in Pollsmoor Prison from 2014 to 2019. Read Thabo's story by Thabo Mthembu 17-05-20...

17/05/2024

Paul McCartney becomes UK's first billionaire musician

Paul McCartney becomes UK's first billionaire musicianMusic icon Paul McCartney has become the UK's first billionaire musician, according to the Sunday ...

17/05/2024

Tonight on Smoke and Mirrors: Sakhile advises Tiny against sabotaging Petunia

Tonight on Smoke and Mirrors: Sakhile advises Tiny against sabotaging PetuniaDon't miss Friday, 17 May's riveting episode of South African soapie Smoke ...

17/05/2024

RT'S Operation Transformation comes to a close after 17 seasons

RT has today announced that Operation Transformation (OT) is to end after 17 seasons. As series come to an end each year, RT undertakes an editorial review to...

17/05/2024

Studio One: Your Binaural Beats Lab

By Craig Anderton When I heard about binaural beats, I was interested-I like beats, and I'm into binaural audio. But this has nothing to do with either o...