Metlife orig­i­nated over $9.6bn in com­mer­cial mort­gage loans in 2012

The Pak Banker - - 6BUSINESS -

MetLife Inc an­nounced to­day that it orig­i­nated, through its real es­tate in­vest­ments de­part­ment, over $9.6 bil­lion in com­mer­cial mort­gage loans in 2012. MetLife con­tin­ues to be the largest port­fo­lio lender in the in­surance in­dus­try with $43.1 bil­lion in com­mer­cial mort­gages out­stand­ing at year end 2012.

MetLife was a very ac­tive lender do­mes­ti­cally and in­ter­na­tion­ally in 2012, as we con­tin­ued to fo­cus on top qual­ity prop­er­ties in ma­jor mar­kets, said Robert Merck, global head of MetLife Real Es­tate In­vestors. MetLife par­tic­i­pated in a num­ber of high-qual­ity com­mer­cial mort­gage trans­ac­tions with loan sizes of $175 mil­lion and above dur­ing 2012.

Within its in­ter­na­tional port­fo­lio, MetLife suc­cess­fully grew its com­mer­cial mort­gage lend­ing ac­tiv­i­ties in 2012, orig­i­nat­ing over $1 bil­lion in the U.K., $191 mil­lion in Mex­ico and more than 33.6 bil­lion yen for its Ja­panese lo­cal ac­count.

In Oc­to­ber 2012, MetLife re­or­ga­nized its real es­tate arm to bet­ter man­age its in­vest­ments and the in­vest­ments for its in­sti­tu­tional in­vestors and launched a third party as­set man­age­ment busi­ness within the real es­tate in­vest­ments de­part­ment. This en­ables the com­pany to use its ex­ten­sive ex­pe­ri­ence in real es­tate to cre­ate in­vest­ment op­por­tu­ni­ties that gen­er­ate at­trac­tive, long-term re­turns for in­sti­tu­tional in­vestors.

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