MetLife completes $11.5bn in RE loans

MetLife’s real estate arm originated loans in the US, Europe and Latin America last year. 

MetLife Real Estate Investors originated $11.5 billion in commercial real estate loans in 2013, the insurance company announced in a statement on Thursday.

The total includes a number of notable deals, including a $500 million participation in the $1 billion first mortgage of 1095 Avenue of the Americas in New York and a $450 million loan to The Shops at Columbus Circle, a retail center also located in New York.  

The insurance company also made a number of deals abroad. MetLife originated $1.2 billio nin the UK, $500 million in Mexico, $400 million in Japan and $225 million in Chile.

“MetLife was prolific across a variety of real estate sectors in 2013,” said MetLife’s head of real estate investment Robert Merck in a statement. “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 creating attractive opportunities for institutional investors.”

MetLife is headquartered in New York. Its real estate portfolio includes $42 billion in commercial mortgages, according to the statement.