MetLife Provides $725 Million in Financing for New York Offices

MetLife Inc. (MET), the largest U.S. life insurer, provided $725 million in financing for two New York office buildings as the company increases the use of private transactions to boost portfolio yields.

The total includes $350 million for the Bertelsmann Building on Broadway and $375 million for a Boston Properties Inc. tower on Lexington Avenue, the New York-based insurer said today in a statement distributed by Business Wire.

To contact the reporter on this story: Maryellen Tighe in New York at Mtighe6@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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