NEW YORK, February 06, 2024--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that Michel Khalaf, president and CEO, and John...
MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), is making a strategic move into the single-family rental market. The company has successfully closed its first closed-end single-family rental fund, named the MetLife Single Family Rental Fund, with $390 million in capital commitments. This new venture showcases MIM's ability to blend its 155 years of investment experience with innovation and flexibility.
The MetLife Single Family Rental Fund aims to target the largest markets in the United States, focusing on acquiring and managing single-family rental properties. The portfolio manager of the fund believes that the single-family rental market offers significant opportunities for investors due to the increasing demand for rental properties and the potential for long-term cash flow.
This move by MetLife Investment Management is part of its strategy to diversify its investment portfolio and explore new avenues for growth. By entering the single-family rental market, MIM aims to capitalize on the strong demand for rental properties, driven by factors such as changing demographics and lifestyle preferences.
The successful closing of the $390 million fund reflects the confidence of investors in MetLife's expertise and capabilities in managing real estate investments. It also highlights the company's commitment to providing attractive investment opportunities to its clients.
William Pattison, head of the real estate research and strategy team within the risk, research, and analytics group at MetLife Investment Management, emphasizes the importance of in-depth research and market analysis in identifying and capitalizing on investment opportunities. With the launch of the single-family rental fund, MetLife Investment Management demonstrates its commitment to thorough research and strategic decision-making.
