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MetLife Investment Management Sets Company Record for CRE AUM
MetLife Investment Management (MIM), the institutional asset management business of MetLife, said Wednesday it had completed $18.6 billion in new commercial real estate debt and equity transactions in 2021. MIM’s gross market value of commercial real estate assets under management (AUM) grew to $109.8 billion as of Dec. 31, 2021, a reported record for MIM.
“This outstanding performance is a testament to the strength of our platform, the experience and agility of our team, and our commitment to performance through cycles,” said Robert Merck, global head of real estate for MIM. “We look forward to building on this momentum in 2022.”
MIM’s commercial mortgage team originated 235 transactions in 2021, a company record, totaling more than $15.3 billion in capital provided in support of institutional real estate investors globally. These transactions involved traditional property types, as well as alternative classes including life science, self-storage, student housing, and manufactured housing.
- ◦Financing