MetLife has been involved in real estate since 1878, and MIM provides debt and equity origination and asset management capabilities across offices in the U.S. and international markets, including the U.K., Japan, Korea, Chile and Mexico. MIM embraces its role as a responsible real estate investment manager and lender.
MIM offers investors strategies that seek to achieve income growth and capital appreciation by investing in competitively positioned properties in markets with favorable demand drivers. Multiple MIM equity portfolios have achieved five-star status and have been designated as “Sector Leaders” over the past two years in the Global Real Estate Sustainability Benchmark (GRESB).
MIM is proud to invest in properties that advance sustainability and that contribute to protecting biodiversity by, for example, managing on-site pollinator projects that help protect and promote pollinator populations critical to supporting our food system and fiber crops. MIM’s real estate investment portfolio includes nine properties with beehives. Please see Offices and Operations to learn more about beehives at our corporate offices and MIM’s green building practices and certifications.
Our commercial mortgage loan business has been active since 1875 and focuses on loans across multiple property types and locations. For example, MIM originated an over $35 million commercial mortgage loan on Colina Apartments, a new Built-Green certified apartment building in Seattle, Washington. The Property participates in Seattle’s Multi-Family Tax Exemption program requiring that 28 units be leased at affordable below-market rents. Sustainable design elements include a green roof to catch rainwater, a ground-level bioswale to manage stormwater runoff, solar panels for water heating and a location convenient to public transit. Additionally, the property has ground-floor retail, which is occupied by three restaurant tenants, two of which have strong ties to the local community.