NYSE:METInsurance
Will MetLife’s (MET) New Real Estate Chief and Water Tower Bet Reshape Its Investment Narrative?
MetLife Inc. has appointed Andrea Drasites, formerly a senior managing director in Blackstone’s Real Estate Group, as global head of Real Estate and Agricultural Finance, and its investment arm is committing US$170 million to reposition Chicago’s Water Tower Place, including a potential conversion of upper floors to medical office space.
This combination of leadership change and a sizable real estate redevelopment highlights how MetLife is actively reshaping its commercial mortgage, equity...