
METLIFE AND PARTNERS ACQUIRE OVER $3 BILLION IN EQUITY REAL ESTATE IN 2014 NEW YORK, Jan. 29, 2015 - MetLife, Inc. (NYSE: MET) announced today that it originated, through MetLife Real Estate Investors, approximately $12.1 billion globally in commercial real estate loans in 2014, a five percent increase over the $11.5 billion originated in the previous year.
The company also committed to invest approximately $1.7 billion in real estate equity in 2014, either through direct acquisition or as part of joint venture partnerships.
Within its international portfolio, MetLife expanded its lending activities in 2014, originating commercial real estate loans of more than $2.1 billion in the United Kingdom and more than $600 million in Mexico. MetLife also lent the following amounts in its local currency accounts: more than 40 billion Japanese yen; more than 16 million Australian dollars; and 90 billion South Korean won.
Real estate investments are an important part of MetLife's asset-liability matching program. The long-term nature of these investments makes them a good match for the long-term liabilities the company writes.
MetLife's third party asset management business also had a strong year of operation, originating more than $800 million in commercial mortgage loans for institutional clients.
MetLife remained a very active real estate investor in 2014 across a number of sectors, including commercial mortgages, real etate equity, and investments on behalf of our institutional clients, said Robert Merck, senior managing director and global head of real estate investments for MetLife. We strengthened our position as a leader in commercial mortgage lending both domestically and internationally. In addition, we expanded our activity in the asset management space and anticipate continuing to create attractive opportunities for institutional investors in 2015.
MetLife's real estate platform includes origination and asset management offices across eleven regional offices in the United States, London, Mexico City, Tokyo and Santiago, Chile.
Strong Commercial Mortgage Lending
MetLife originated a number of commercial real estate loan transactions of $200 million and above. The 10 largest transactions in 2014 were:
$508 million senior loan on the Forest Portfolio, collateralized by three Class A central London office properties;
$500 million direct warehouse revolving line of credit, secured by a pool of loans in the United States;
$410 million term loan facility, secured by a pool of first mortgage loans in the United Kingdom and continental Europe;
$350 million first mortgage on The Shops at La Cantera, a super-regional open-air center in San Antonio;
$350 million direct warehouse revolving line of credit, secured by a pool of loans in the United States;
$324 million senior loan on 125 Old Broad Street, a Class A office building located in London;
$315 million first mortgage on Galleria Dallas and Westin Galleria Hotel, a regional mall and full-service hotel located in Dallas;
$300 million loan on Market Square, two Class A office buildings in San Francisco;
$290 million first mortgage on Wells Fargo Tower, a Class A office building in Denver; and
$267 million first mortgage on 1801 K Street, a Class A office building in Washington, D.C.
Equity Real Estate Investments
MetLife and its partners had a strong year adding high-quality assets to our real estate portfolio in a variety of markets, Merck added. We think the market in 2015 will offer ample opportunities for equity deals for institutional investors.
The five largest equity real estate transactions in 2014 were:
One Beacon Street, an office building in Boston for approximately $561 million (in a joint venture with Norges Bank Investment Management);
Normandale Lake Office Park, a 1,680,000 square foot office park located in Bloomington, Minnesota for $369 million (in a joint venture with Allstate);
Mililani Town Center, a 450,000 square foot retail center in Mililani, Hawaii for $227 million (in a joint venture with M&J Wilkow);
The Fairmont Hotel, a 415-room luxury hotel located in Washington, D.C. for $180 million;
655 West Broadway, a 390,000 square foot office building located in San Diego for $157 million.
Additionally, MetLife formed a new joint venture with Panattoni Development Company of Newport Beach, Calif., to develop an initial portfolio of nine state-of-the-art industrial facilities in four states totaling nearly 6.5 million square feet on 378 acres. In 2014, the joint venture announced the construction of the Lambert Farms Distribution Center, a three million square foot facility outside Atlanta, and three facilities with a total of 900,000 square feet of high-quality warehouse space near Seattle, Washington.
About MetLife, Inc.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (MetLife), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 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.
This press release may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as anticipate, estimate, expect, project, intend, plan, believe and other words and terms of similar meaning, or are tied to future periods, in
Most recent headlines
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
01/05/2025
As Tanzania approaches a pivotal election year marked by both promise and concern over the impact of artificial intelligence (AI) on media, more than 300 journa...
01/05/2025
Paul Reubens appears in Pee-wee as Himself, an official selection of the 2025 Sundance Film Festival. Courtesy of Sundance Institute | photo by Michael Ochs A...
01/05/2025
After four years of lectures, study sessions, exams, and parties, college senior...
01/05/2025
72.4% of overall TV viewing in Q1 2025 is of content that includes advertising
...
01/05/2025
NEW YORK LiveNow From Fox, Fox Television Stations' national news streaming service, has released viewing data showing the first quarter was the best quarte...
01/05/2025
The global installed base of Smart TVs and Connected TV (CTV) devices will reach 4.2 billion units by 2030, growing at a CAGR of 9.6% from 2.65 billion in 2025,...
01/05/2025
Samsung TV Plus has announced that it is expanding its existing lineup of more than 50 sports channels with five new free, ad-supported streaming television (FA...
01/05/2025
MELBOURNE, Fla. Carlo DiMarco has joined USSI Global as vice president of strategic marketing and growth, with responsibility for strategic business development...
01/05/2025
WASHINGTON The NAB has filed a wide-ranging rebuttal to proposals by the pay TV industry that the FCC delete and/or significantly change rules governing retrans...
01/05/2025
WASHINGTON The Corporation for Public Broadcasting has filed a lawsuit to stop the Trump administration from firing three of its board members, claiming the pre...
01/05/2025
HONG KONG Riedel Communications today said it has opened a new office in Hong Kong, enhancing its presence in the Asia-Pacific region....
01/05/2025
MUMBAI, India & BALTIMORE In a development that could advance efforts to bring NextGen TV to cellphones, FreeStream Technologies, Lava International and HMD hav...
01/05/2025
01 05 2025 - Media release Screen Australia empowers 100 distinctive Australian narratives
All The Boys Are Here writer/director Goran Stolevski and It s All...
01/05/2025
How PFX Delivered 750 VFX Shots in Just Four Months For Anthony Hopkins Thriller...
01/05/2025
Careline's New Wave Makeup Commercial Shot With URSA Cine 12K LF
Brie Clayton May 1, 2025
0 Comments
CAD Studios relies on large format, full fram...
01/05/2025
Telling the story: Extensive technical set-up delivers comprehensive Special Oly...
01/05/2025
Just Around the Bend: Olympic Broadcasting Services Readies for the Milano-Corti...
01/05/2025
Wireless Microphone Spectrum Alliance Gets Going With Lobbying To Ensure RF Acce...
01/05/2025
Voice actor and producer Mark Yoshimoto Nemcoff shares his first impressions of the DPA 2017 Shotgun Microphone, from real-world auditions to side-by-side compa...
01/05/2025
With my previous console, Freeman recalls, I always had to run a Waves server for EQ and compression, but when I switched to DiGiCo, I found it was such an op...
01/05/2025
Stream all episodes ofLook Who's Hangry from April 29
An RT Player Original in partnership with Heinz...
01/05/2025
Here is your host, Patrick Kielty!
T naiste, Minister for Foreign Affairs and T...
01/05/2025
Exclusive interviews and un-seen footage feature in new two-part series...
01/05/2025
May brings more than just rainbows and sunshine - it's also time for fresh adventures and epic battles. This GFN Thursday spotlights 20 can't-miss games...
01/05/2025
RT Investigates reveals details of Christian Brothers who were senior leaders a...
01/05/2025
RT Statement
The Enterprise Resource Planning (ERP) project is one of the projects that was funded from the proceeds of RT 's land sale in 2017, the init...
01/05/2025
Watch our promo: RT Supporting the Arts | What's on
This May, RT is delighted to support Bealtaine Festival, Fastnet Film Festival, and Dublin Dance Fest...
01/05/2025
For Nicolas Simon, advancing the field of robotics is a personal mission that could change his siblings' lives.
Two-thirds of Simon's family members us...
30/04/2025
Film elements held at the Deluxe warehouse in March of 2015. Photo by Luis Silva...
30/04/2025
EA SPORTS FC 25 fans in Australia and Saudi Arabia, get ready to immerse yourselves in the beautiful game like never before. Spotify is excited to announce a n...
30/04/2025
The past year has been nothing short of a whirlwind for Tucker Wetmore. After th...
30/04/2025
Mexico's love for podcasts is no longer a trend-it's a lifestyle. With m...
30/04/2025
Slam poet Huda the Goddess wins 2025 Les Murray Award
30 April, 2025
Media releases
Australia for UNHCR and SBS are proud to announce that Huda Fadlelmawla...
30/04/2025
SBS, NITV and NIDA partner to empower the next generation of screen creatives
30 April, 2025
Media releases
SBS, National Indigenous Television (NITV) and ...
30/04/2025
By Joyce JC Cataldo
The media and entertainment industry is evolving faster than ever. Technology is shifting the way we create, distribute, and experience c...
30/04/2025
An image of Valencia, Spain, in the OneAtlas Living Library...
30/04/2025
NEWPORT BEACH, Calif. WPSD-TV, the NBC affiliate in Paducah, Ky., has selected Bitcentral's Central Control playout system to upgrade the station's mast...
30/04/2025
AMSTERDAM Zero Density, a global provider of virtual studio productions and on-air graphics, has appointed Baris Zavaroglu as its new CEO. Zavaroglu succeeds Of...
30/04/2025
The Avit Group, a forward-thinking audio-visual technology company, is bringing over 50 years of combined experience in delivering audio-visual design and insta...
30/04/2025
NXTGENbps will be showcasing its latest sustainable battery power solutions at this year's Media Production & Technology Show (MPTS), appearing alongside pa...
30/04/2025
Van Dyke skates and operates on Shoresy | photo by Dave Ferguson
Toronto-based Cinematographer Brett Van Dyke (Heartland, Jann, Carter) stepped into the rink...
30/04/2025
Leading provider of media playout solutions PlayBox Neo will exhibit a vast array of significant upgrades to its range of smart media innovations at CABSAT from...
30/04/2025
ITV Studios is renowned for its award-winning productions, including the reality TV phenomenon I'm a Celebrity Get Me Out of Here! Produced by Lifted Ente...
30/04/2025
The UK's presence at this year's CABSAT brings together 20 innovative companies under the GREAT Britain and Northern Ireland banner. From advanced infra...
30/04/2025
Lightware continues to strengthen its Environmental, Social, and Governance (ESG) initiatives by fostering diversity, inclusion, and community engagement within...
30/04/2025
LiveU is demonstrating for the first time in the UK, its revolutionary technological breakthrough in IP-video transport, LiveU IQ (LIQ ) and bringing its expand...
30/04/2025
Stand: A40
Calrec has been putting sound in the picture for more than six decades and is still pushing the boundaries of audio broadcasting with a full range o...
30/04/2025
Buckinghamshire New University (BNU) has opened its new virtual production studio, designed and integrated by CJP Broadcast. The installation equips students wi...
30/04/2025
Independent news producer in India focuses on delivering stories
nxtedition has supplied a complete newsroom system to Collective Newsroom, based in New Delhi,...