MetLife Investment Management Announces Final Close of Single Family Rental Fund at $390 Million
- MIM's successful closure of the SFR Fund demonstrates investor confidence in the single-family rental market, with $390 million in capital commitments.
- The fund's focus on purpose-built, single-family rentals in top U.S. markets aligns with the increasing demand for rental properties, indicating potential for sustained growth in the sector.
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MIM’s single-family rental (SFR) strategy is focused on developing and acquiring purpose-built, single-family rentals across the 75 largest
"We have a high level of conviction in the demand for single family rentals, and we see this fund as a natural extension of our experience investing in other housing segments, where our perspective as a leading institutional investment manager has served clients well,” said Robert Merck, global head of Real Estate and Agricultural Finance at MIM. “We believe there’s a significant and sustained opportunity to give renters access to well-located units designed specifically for their use.”
Commitments to the SFR Fund were secured from a global group of institutional investors. The SFR Fund is the first closed-end vehicle launched by the MIM real estate equity team. James Ray, who previously oversaw regional acquisitions and development activity in the southwest
MIM’s real estate platform consists of both commercial mortgage loan strategies and real estate equity strategies that together represented
About MetLife Investment Management
MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global public fixed income, private capital and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MetLife Investment Management provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment and financing solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and, as of June 30, 2023, had
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in
Forward-Looking Statements
The forward-looking statements in this news release, using words such as “believe” and “seek” are based on assumptions and expectations that involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its
View source version on businesswire.com: https://www.businesswire.com/news/home/20230815274171/en/
For Media:
Dave Franecki
+1-973-264-7465
dave.franecki@metlife.com
Shree Dhond
+1-646-722-6531
mim@dlpr.com
Source: MetLife Investment Management
FAQ
What is the purpose of the MetLife Single Family Rental Fund, LP (SFR Fund)?
Who is the portfolio manager for the SFR Fund?