MetLife, Inc. has announced that its commercial real estate division, MetLife Real Estate Investors, originated $11.5 billion in commercial real estate loans in 2013. MetLife continues to be a leader in the commercial mortgage market as well as the largest lender in the insurance industry. The company has a portfolio of more than $42 billion in commercial mortgages.
MetLife Real Estate Investors was reorganised in late 2012 to include an asset management capability for institutional investors. It also had a strong first year of operation. The company secured more than $7 billion in commitments from institutional investors.
It agreed to invest close to $3 billion in its equity real estate portfolio, which included deals with several new joint venture partners last year. These commercial mortgage lending and equity real estate deals provide the company with investment opportunities that match the long-term liabilities that MetLife writes through its various insurance products.
In its international portfolio, MetLife successfully grew its lending activities in 2013. The company originated $1.2 billion in the U.K., $500 million in Mexico, $400 million in Japan, and $225 million in China.
MetLife also provided loans for commercial property in Mexico, Osaka and Tokyo.
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