MetLife has acquired one of Georgia's largest resort and golf communities.
The insurer has acquired Reynolds Plantation that includes The Ritz-Carlton Lodge, six golf courses, four marina, and nearly 5,000 acres of undeveloped golf and waterfront property.
The Daniel Corp. will oversee the day-to-day oversight of the property and will work with MetLife's Atlanta, Ga., regional office under Regional Director Tom Coakley.
Reynold's Plantation is not the first real estate investment made by the insurer. Its real estate portfolio is valued at over $60 billion with real estate equities, commercial mortgages, and agriculture mortgages.
Headquartered in Birmingham, Ala., The Daniel Corp. operates a host of golf and resort properties and is part of a MetLife joint venture in downtown Georgia.
admin 02 Aug, 2012
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