WHIPPANY, N.J., August 15, 2023--MetLife Investment Management (MIM), the institutional asset management business of MetLife, has announced the closing of its MetLife Single Family Rental Fund. The closed-end fund has received $390 million in capital commitments, solidifying MetLife's position in the single-family rental market.
This latest achievement highlights MetLife Investment Management's continued focus on the real estate sector. The fund aims to provide investors with attractive risk-adjusted returns through the acquisition and management of single-family rental properties across the United States.
MetLife Investment Management's success in raising $390 million for its single-family rental real estate fund demonstrates investor confidence in the firm's ability to navigate and capitalize on the growing demand for rental properties. The fund will enable MetLife to expand its portfolio of income-generating assets and provide investors with a diversified and stable investment option.