NEW YORK: MetLife Inc, the largest US life insurer, formed a real estate venture with the New York State Common Retirement Fund, including an initial investment portfolio valued at more than US$1.4bil.
The insurer, which is seeking to expand in asset management, sold a 49.9% stake in the properties to the pension fund, the New York-based company said in a statement.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
