MetLife Investment Management Real Estate Investment Strategies

menu
ABOUT US
INVESTMENT STRATEGIES
FINANCING SOLUTIONS
INSIGHTS
Search

Real Estate

Investment Goal

Our Commercial Mortgage Loan strategy seeks to deliver attractive yields, while maintaining low loss rates. Our Real Estate Equity Strategy seeks to achieve growing current income and capital appreciation by investing in well-positioned properties in markets with favorable demographic and economic drivers.

Our Approach

We leverage our proprietary research and risk management, local presence / regional office network, experienced team of professionals, and prominent industry relationships to identify and execute investment strategies which seek to deliver attractive performance through the real estate cycle.
$89.4
Commercial Real Estate AUM (nav)

With 140+ years2 of real estate experience, MetLife Investment Management’s Real Estate Group leverages its powerful regional presence and long-standing industry relationships to seek attractive investment opportunities that cover the full risk spectrum for institutional investors.

MetLife Investment Management's investment methodology is based on a disciplined underwriting process that utilizes in-house credit, legal and architectural expertise for each real estate transaction. Our performance-oriented and accountability-directed culture is supported by 200+ real estate investment professionals who provide institutional investors with comprehensive access to MetLife Investment Management's in-house real estate capabilities, including origination and underwriting, proprietary market research, and risk management. Extensive global office network helps ensure client-centric portfolio management and keeps us close to the market and positioned to serve our clients’ commercial real estate needs.

Related Strategies In-Depth

Latest Insights

E-commerce spending varies by market, and this is driving real estate demand more than investors realize.
WHITE PAPER
A New Dawn in Retail

Get in touch with a MetLife Investment Management professional

1  As of 06/30/19. Represents net asset value (“NAV”) of Commercial Real Estate Assets Under Management (“Commercial Real Estate AUM”).  Commercial Real Estate AUM are comprised of Total Commercial Mortgage Loan AUM plus Total Real Estate Equity AUM (each, as defined below). Commercial Real Estate AUM, Total Commercial Mortgage Loan AUM, Total Real Estate Equity AUM, GA Commercial Mortgage Loan AUM and GA Real Estate Equity AUM (each, as defined below) are non-GAAP financial measures and should not be viewed as substitutes for the most directly comparable financial measures calculated in accordance with GAAP:

Non-GAAP financial measures:

Comparable GAAP financial measures:

Commercial Real Estate AUM

Real Estate and Real Estate Joint Ventures plus Mortgage Loans

Total Commercial Mortgage Loan AUM

Mortgage Loans

GA Commercial Mortgage Loan AUM

Mortgage Loans

Total Real Estate Equity AUM

Real Estate and Real Estate Joint Ventures

GA Real Estate Equity AUM

Real Estate and Real Estate Joint Ventures

Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are set forth in the tables below:

Our definitions of non-GAAP and other financial measures discussed herein may differ from those used by other companies.

Total Commercial Mortgage Loan AUM are comprised of General Account Commercial Mortgage Loan Assets Under Management (“GA Commercial Mortgage Loan AUM”) plus Institutional Client Commercial Mortgage Loan AUM (each, as defined below). Total Real Estate Equity AUM are comprised of General Account Real Estate Equity AUM plus Institutional Client Real Estate Equity AUM (each, as defined below). MetLife believes that the use of Commercial Real Estate AUM, Total Commercial Mortgage Loan AUM and Total Real Estate Equity AUM enhance the understanding of its real estate investment management services on behalf of its general account portfolio and unaffiliated/third party clients. MetLife believes that the use of GA Commercial Mortgage Loan AUM and GA Real Estate Equity AUM enhance the understanding and comparability of its general account investment portfolio.

GA Commercial Mortgage Loan AUM are comprised of commercial mortgage loans in MetLife’s general account portfolio which are actively managed and adjusted from carrying value to estimated fair value, and further adjusted to include the NAV of the joint venture investments reclassified from Real Estate and Real Estate Joint Ventures. See Note 1 to the reconciliation table. GA Real Estate Equity AUM are comprised of real estate and real estate joint ventures in MetLife’s general account portfolio which are actively managed and adjusted from carrying value to estimated fair value, and further adjusted to exclude the NAV of the joint venture investments reclassified to GA Commercial Mortgage Loan AUM. See Note 1 to the reconciliation table.

Institutional Client Commercial Mortgage Loan Assets Under Management (“Institutional Client Commercial Mortgage Loan AUM”) are comprised of Separate Account Commercial Mortgage Loan Assets Under Management (“SA Commercial Mortgage Loan AUM”) plus Third Party Commercial Mortgage Loan Assets Under Management (“TP Commercial Mortgage Loan AUM”) (each, as defined below). Institutional Client Real Estate Equity Assets Under Management (“Institutional Client Real Estate Equity AUM”) are comprised of Separate Account Real Estate Equity Assets Under Management (“SA Real Estate Equity AUM”) plus Third Party Real Estate Equity Assets Under Management (“TP Real Estate Equity AUM”) (each, as defined below).

SA Commercial Mortgage Loan AUM and SA Real Estate Equity AUM are comprised of separate account investment portfolios (commercial mortgage loans and real estate and real estate joint ventures, respectively) of MetLife insurance companies which are managed by MetLife and included in MetLife, Inc.’s consolidated financial statements at estimated fair value.

TP Commercial Mortgage Loan AUM and TP Real Estate Equity AUM are non-proprietary commercial mortgage loans and real estate and real estate joint ventures, respectively, managed by MetLife on behalf of unaffiliated/third party clients, which are stated at estimated fair value. TP Commercial Mortgage Loan AUM and TP Real Estate Equity AUM are owned by such unaffiliated/third party clients; accordingly, TP Commercial Mortgage Loan AUM and TP Real Estate Equity AUM are not included in MetLife, Inc.’s consolidated financial statements.

2 MIM has invested on behalf of the MetLife general account since 1875 and on behalf of third parties since 2012.

Investors should carefully consider their investment objectives, risks, fees, charges and expenses before investing any money. To obtain this and other information, please email icg@metlife.com to request more information. Please review the Terms of Use of this site for additional details.

MetLife Investment Management

This site is intended for professional investors only.

Please read our Terms of Use and the important disclosure below before proceeding.

By clicking Accept, you represent that you have read and understood our Terms of Use and the information below, you fall within a permitted category of investor and you are not in breach of any laws or regulations applicable to you by accessing this website.

The information contained in the website is not for use within any country or jurisdiction or with any persons where such use would constitute a violation of law.

United States

If you are a resident of, or are present in, the United States, you represent and warrant that you are (or are acting on behalf of) an “accredited investor” within the meaning of Rule 501 of Regulation D under the U.S. Securities Act of 1933, as amended, and a “qualified purchaser” within the meaning of Section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended, and the rules thereunder.

United Kingdom

If you are a resident of, or are present in, the United Kingdom, you represent and warrant that you are (or are acting on behalf of) a “professional investor” as defined under the Markets in Financial Instruments Directive.

The information on this website (the “Information”) is issued by MetLife Investment Management Limited (“MIML”) for the purposes of providing information on products and services provided by MIML in the United Kingdom. The Information is not directed at persons in any other jurisdiction where the access to the Information may be contrary to applicable law or regulation.

The Information is not, and under no circumstances is it to be construed as constituting or forming an offer or solicitation to purchase or subscribe for securities or interests in any jurisdiction.

MIML is authorised and regulated in the United Kingdom by the Financial Conduct Authority under no. 623761.

As an FCA regulated entity MIML is subject to the restriction in section 238 of the Financial Services and Markets Act 2000 (“FSMA”) and the guidance set out in part 8 of the Perimeter Guidance Manual on the promotion of collective investment schemes. Therefore, any Information relating to any such scheme is directed only at persons in the United Kingdom in respect of whom exemptions from section 238 apply, including (but not limited to): (i) persons falling within any of the categories of “Investment Professionals” as defined in article 14(5) of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 (the “PCIS Order”); (ii) persons falling within any the categories of persons described in article 22 of the PCIS Order; (iii) persons falling within the categories of “certified high net worth individual” described in Article 21 of the PCIS Order or “self-certified sophisticated investor” described in Article 23A of the PCIS order; (iv) persons falling within any categories of persons described in COBS 4.12 of the FCA Handbook and (v) any other person to whom it may be lawfully directed. Persons of any other description should not view or act upon the Information.

European Economic Area

If you are a resident of, or are present in, the European Economic Area, you represent and warrant that you are (or are acting on behalf of) a “professional investor” as defined under the Markets in Financial Instruments Directive.

The Information may constitute “marketing” in the EEA as defined in the Alternative Investment Fund Managers Directive (2011/61/EU) (“AIFMD”). The Information is only directed at investors in an EEA jurisdiction where marketing may lawfully take place, including where the manager of the applicable fund is appropriately registered or authorised under AIFMD or where such investors have contacted the manager at their own initiative in jurisdictions where “reverse solicitations” are permitted.

In respect of any managed account or segregated mandates, information is issued by MIML. MIML is authorised and regulated in the United Kingdom by the Financial Conduct Authority under no. 623761, and benefits from MiFID passporting rights into a number of EEA jurisdictions.

Hong Kong S.A.R.

If you are a resident of, or are present in, Hong Kong S.A.R., you represent and warrant that you are (or are acting on behalf of) a “professional investor” as defined in Part 1 of Schedule 1 to the Securities and Finance Ordinance.

MetLife Limited is an authorised insurer in Hong Kong S.A.R. under the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong S.A.R.) of classes A, C, and D of long term insurance business in Hong Kong S.A.R.

Metropolitan Life Insurance Company of Hong Kong S.A.R. Limited is an authorised insurer under the Insurance Ordinance of class A of long term insurance business in Hong Kong S.A.R.

MetLife Investments Asia Limited (CE No. ADY079) is licensed under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong S.A.R.) to carry on a business in Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities in Hong Kong S.A.R., and may only provide its services to persons who are “professional investors” as defined in Part 1 of Schedule 1 to the Securities and Futures Ordinance.

Certain content on this website relating to the securities and securities related services offered in Hong Kong S.A.R. by MetLife Limited, Metropolitan Life Insurance Company of Hong Kong Limited and MetLife Investments Asia Limited is intended for and directed at “professional investors” (as defined above).

The content of this website does not constitute an invitation to invest in or an offer of the securities or securities related services mentioned herein, in Hong Kong S.A.R. or elsewhere.

This website has not been reviewed by any regulatory authority in Hong Kong S.A.R. If you are in any doubt about any of the content on this website, you should obtain independent professional advice.

Japan

If you are a resident of, or are present in, Japan, you represent and warrant that you are (or are acting on behalf of) a “qualified institutional investor” or a “professional investor” as defined under the Financial Instruments and Exchange Law.

This website and the information herein are not targeted at investors in Japan. The MetLife Investment Management entities may not be registered in Japan and may not intend to offer any services to investors in Japan.

Please note that for customers in Japan, our group generally offers services through MetLife Asset Management Corp. For further assistance, please see http://investments.metlife.com/regulatory-disclosures/metLife-asset-management-corp-Japan/ (in Japanese).

All Other Jurisdictions

If you are a resident of, or are present in, any jurisdiction not listed above, you represent and warrant that you are (or are acting on behalf of) a Professional Investor or equivalent under the applicable regulation of your jurisdiction; you are knowledgeable regarding, and have expertise in making, investments; and you make investments as a regular part of your business.

General Information

This website is operated by MetLife Investment Management. The information contained herein is intended to provide you with an understanding of the depth and breadth of MIM’s investment management services and investment management experience. This is for informational purposes and does not constitute a recommendation regarding any investments or the provision of any investment advice, or constitute any form or part of any advertisement of, offer for sale or subscription of, solicitation or invitation of any offer or recommendation to purchase or subscribe for any securities or investment advisory services. It is not MIM’s intention to provide, and you may not rely on this document as providing, a complete or comprehensive analysis of MIM’s investment portfolio, investment strategies or investment recommendations.

The presentation of MetLife Investment Management products on these web pages as well as the dissemination of the given information may depend on local regulations. This website is not directed at individuals or organizations for whom the promotion of such products or information would be unlawful or prohibited under the relevant domestic law. Investors must inform themselves about the laws and restrictions which are applicable to them and act accordingly. Any securities mentioned on these web pages are only offered in jurisdictions where promotion and sales of their shares is permitted.

Risk Statement

All investments involve investment risk, the value of investments and any income from them may go down as well as up and you may not get back all of your original investment. Past performance is not a guarantee or reliable indicator of future results. No representation is being made that any investment will or is likely to achieve profits or losses or that significant losses will be avoided. There can be no assurance that investments similar to those described on this website will be available in the future and no representation is made that future investments managed by MetLife Investment Management will have similar returns to those presented herein. If you are in any doubt as to the suitability of an investment to you, you should consult an appropriate professional advisor.

This website may contain or incorporate by reference information that includes or is based upon forward-looking statements. 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 and terms such as “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, “will”, and other words and terms of similar meaning, or are tied to future periods in connection with a discussion of future performance. Forward-looking statements are based on MIM’s assumptions and current expectations, which may be inaccurate, and on the current economic environment which may change. These statements are not guarantees of future performance. They involve a number of risks and uncertainties that are difficult to predict. Results could differ materially from those expressed or implied in the forward-looking statements.

Liability

Information on this website does not provide a complete summary or analysis of potentially relevant matters and may be based, among other things, on historic information or information available at a given time or unverified third party information which may change or be or become inaccurate, and no assurance is given as to its accuracy completeness or reliability.

Under no circumstances, including, but not limited to, negligence, shall MetLife Investment Management or another MetLife entity be liable for any special or consequential damages that result from the access or use of, or the inability to access or use, the materials on this website.