MetLife Provides $161.5 Million in Financing for Marathon Oil Office Tower

  MetLife Provides $161.5 Million in Financing for Marathon Oil Office Tower

Business Wire

NEW YORK -- November 13, 2013

MetLife, Inc. (NYSE:MET) announced today that it has provided $161.5 million
in financing to a real estate investment fund that has acquired Marathon Oil
Tower in Houston.

MetLife’s real estate investment department closed the deal with CBRE
Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors.
Marathon Oil Tower is a Class A, LEED Silver, 1.2 million square foot office
building in the Galleria submarket of Houston.

“We are continually expanding our portfolio in Texas, which is a key market
for us,” said Robert Merck, senior managing director and head of real estate
investments for MetLife. “We are excited to work with CBRE Investors and
include Marathon Oil Tower, a premier property, to our ever-growing

MetLife originated, through its real estate investments department, more than
$9.6 billion in commercial mortgage loans in 2012. The company continues to be
one of the largest portfolio lender in the insurance industry with $43.1
billion in commercial mortgages outstanding at year end 2012. MetLife’s real
estate portfolio includes investments in office, apartment, retail, industrial
and hotel properties. Mortgages provide MetLife with investment opportunities
that match the long-term liabilities the company writes through its insurance

The transaction was led by Clint Culp and John Hall of the Dallas office of
MetLife Real Estate Investors.

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. 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


MetLife, Inc.
For Media:
Chris Montemurro, 212-578-7129
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