Firm Intelligence·insurance

MetLife Investment Management

AUM$55B

Executives2

Quotes5

ActivityMar 9 – Mar 12

Investment Philosophy

The primary driver: CRE returns have lagged other major asset classes over the past three years. We expect leasing demand across most product types to be tied less to national aggregates and more to where high-value employment and wage gains concentrate. We believe entry-level and administrative positions have been among the most affected by AI.

Strategic Direction

MetLife is divesting from retail and hospitality assets in major markets like Chicago and New York City, as evidenced by sales at 6.2% and 6% cap rates, respectively.

Conversely, the firm is acquiring office properties in Seattle at a 6.65% cap rate, suggesting a targeted investment in office sectors amid localized demand patterns.

This indicates a cautious repositioning toward areas with concentrated high-value employment.

Key Executives

Drew Matus

Chief Market Strategist

William Pattison

MetLife

Recent Deals

$1BRetailseller

Overlook at Oakbrook · Chicago

6.2% capMar 2026

$83.6MOfficebuyer

Westlake Tower · Seattle

6.65% cap

Notable Quotes

Drew Matus

MetLife Investment Management

“The inflation risk from current geopolitical tensions is expected to cause only a temporary spike, not a lasting disruption.”

Macro Economy

William Pattison

MetLife

“We expect leasing demand across most product types to be tied less to national aggregates and more to where high-value employment and wage gains concentrate.”

Leasing & Occupancy

Tani Fukui

MetLife Investment Management

“Gas prices are top of mind given the ongoing conflict in Iran, but given the timing, we won’t see any effects in this inflation print.”

Macro Economy

Michael Steinburg

MetLife

“The primary driver: CRE returns have lagged other major asset classes over the past three years.”

Key Themes