This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MetLife Adds To Its Real Estate Portfolio In The DC Area

MetLife, Inc. (NYSE: MET) announced today that it has acquired Broadstone Laurel Highlands, a 300-unit, class-A multifamily complex in Lorton, Virginia. MetLife, Inc. bought the property, located at 8141 McCauley Way, from the Alliance Residential Fund I.

Steve Taylor and Terence O’Connell of MetLife's Washington, DC office led the acquisition effort.

"Broadstone Laurel Highlands is an outstanding asset and fits well into our strategy of expanding our portfolio in high growth metro areas such as Washington, DC," said Steve Taylor, Regional Director for MetLife. "Alliance built a great product and we're pleased to add this property to our portfolio."

Broadstone Laurel Highlands will augment MetLife’s DC regional, multifamily equity portfolio, which includes several other properties in the region.

The property is conveniently located near Interstate-95, 20 minutes south of downtown Washington, DC. Built in 2011, the property consists of 289 multifamily units and 11 townhomes. Onsite amenities include a fitness center, resident movie theater, outdoor pool, outdoor fireplace, business center and a dog park.

MetLife invests in office, apartment, retail and industrial opportunities in major U.S. markets as well as outside of the U.S. Kettler Management, Inc. of McLean, Virginia will oversee management of the property. Holiday Fenoglio Fowler, LP represented the seller.

About MetLife

Metropolitan Life Insurance Company (MetLife) is a subsidiary of MetLife, Inc., a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its real estate investments department, MetLife oversees a well-diversified real estate portfolio of more than $60 billion, which is one of the largest in the U.S. and consists of real estate equities, commercial mortgages and agricultural mortgages. MetLife is a global leader in real estate investment and real estate asset management, with a vast network of regional offices that keep in close contact with major real estate markets. For more information, visit www.metlife.com/realestate.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs