ATLANTA--(BUSINESS WIRE)--
MetLife announced today that it has completed its purchase of Reynolds
Plantation, Georgia’s premier golf and resort community located on Lake
Oconee. The acquisition includes The Ritz-Carlton Lodge, six
championship golf courses, four full-service marinas and nearly 5,000
acres of undeveloped golf and waterfront property.
“We are extremely proud to own Reynolds Plantation, a premier community
with world-class amenities,” said Robert Merck, senior managing director
and global head of real estate investments for MetLife. "Reynolds
Plantation is an exceptional addition to our real estate portfolio and
we look forward to investing in Reynolds Plantation’s future to ensure
it continues to be recognized for the extraordinary lifestyle it offers.”
As previously announced, Daniel Corporation will oversee the day-to-day
operations at Reynolds Plantation. The Daniel team will work in
cooperation with MetLife’s Atlanta Regional Office, led by Regional
Director Tom Coakley. The Atlanta office manages the company’s real
estate investments in the southeastern United States.
“Since announcing the acquisition in May, we have been working closely
with members and the staff to ensure we fully understand the
opportunities and priorities at Reynolds. As a result, and with the
input and guidance from several stakeholders, we successfully
established a new club, which has been well received by members and
helps lay a strong foundation for future growth,” said Coakley.
“Over the past few months, we have had the opportunity to learn more
about the great people and amenities that make Reynolds Plantation a
wonderful community,” said Charlie Tickle, chairman and CEO of Daniel
Corporation. “We are looking forward to this opportunity to ensure that
members continue to enjoy an outstanding quality of life at Reynolds
while also enhancing the economic viability and sustainability of this
great community.”
Reynolds Plantation represents the latest addition to MetLife’s
portfolio of real estate investments in Atlanta and the southeastern
United States. Other properties include Georgia Pacific Center, Georgia
400 Center, Rocca Apartments and 12th & Midtown.
About Reynolds Plantation
Reynolds Plantation, located between Atlanta and Augusta, Ga., is
situated along more than 374 miles of Lake Oconee shoreline and features
six championship golf courses, dining, swimming pools, pedestrian
trails, marinas, a tennis center and a wellness campus. Reynolds
Plantation is also home to The Ritz-Carlton Lodge, a 251-room lakefront
resort and spa, which was named as a 2012 AAA Five Diamond Lodging and
2011 Forbes Four-Star resort. The community is located about an hour and
a half from Atlanta’s Hartsfield-Jackson International Airport. For more
information, visit www.reynoldsplantation.com.
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.
About Daniel Corporation
Daniel Corporation is a nationally acclaimed developer based in the
Southeast for nearly 50 years. Headquartered in Birmingham, Daniel’s
Atlanta-based office has led the re-emergence of Midtown with MetLife &
Daniel’s joint venture – 12th & Midtown. Daniel’s portfolio
of high-end golf and resort communities spans more than 20 years.
Daniel’s newest community of Ross Bridge is home to the four-star
Renaissance Resort and Spa and the championship Robert Trent Jones golf
course and was recognized as Best Community in America by the National
Home Builders Association. Daniel also has development and management
experience at Greystone Golf & Country Club in Birmingham and Colony at
the Grand: Lakewood Golf Club in Fairhope, Ala. Both Ross Bridge and
Greystone have hosted PGA Champions Tour events. For more information,
visit www.danielcorp.com.
This press release may contain or incorporate by reference information
that includes or is based upon forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements give expectations or forecasts of future
events. These statements can be identified by the fact that they do not
relate strictly to historical or current facts. They use words such as
“anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe” and other words and terms of similar meaning in connection
with a discussion of future operating or financial performance. In
particular, these include statements relating to future actions,
prospective services or products, future performance or results of
current and anticipated services or products, sales efforts, expenses,
the outcome of contingencies such as legal proceedings, trends in
operations and financial results.
Any or all forward-looking statements may turn out to be wrong. They can
be affected by inaccurate assumptions or by known or unknown risks and
uncertainties. Many such factors will be important in determining the
actual future results of MetLife, Inc., its subsidiaries and affiliates.
These statements are based on current expectations and the current
economic environment. They involve a number of risks and uncertainties
that are difficult to predict. These statements are not guarantees of
future performance. Actual results could differ materially from those
expressed or implied in the forward-looking statements. Risks,
uncertainties, and other factors that might cause such differences
include the risks, uncertainties and other factors identified in
MetLife, Inc.’s most recent Annual Report on Form 10-K (the “Annual
Report”) filed with the U.S. Securities and Exchange Commission (the
“SEC”), Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the
SEC after the date of the Annual Report under the captions “Note
Regarding Forward-Looking Statements” and “Risk Factors,” and other
filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not
undertake any obligation to publicly correct or update any
forward-looking statement if we later become aware that such statement
is not likely to be achieved. Please consult any further disclosures
MetLife, Inc. makes on related subjects in reports to the SEC.
MetLife
Christopher Breslin, 212-578-8824
Source: MetLife
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