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Metlife Investment Management Provides Financing For $625 Million Timberland Transaction

Metlife Investment Management Provides Financing For $625 Million Timberland Transaction

02/14/22, 1:30 PM
MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), announced today that it has placed long-term, first mortgage loans secured by approximately 832,000 acres of timberland and timber across the Southeastern United States. The financing allows Tamarack Timberlands LLC, which is owned by Ontario Teachers’ Pension Plan and whose assets are managed by Resource Management Service, LLC, to complete a $625 million redemption transaction and assume direct ownership of its timberland assets in the U.S. South.

Company Info

Company
Met Life Investment Management