MetLife Investment Management is deepening its investment into the single-family-rental market having this week closed its MetLife Single Family Rental Fund with $390 million in capital commitments from a global group of institutional investors.
MIM's single-family rental strategy is focused on developing and acquiring purpose-built, single-family rentals across the 75 largest US markets.
"We've been a significant investor in U.S. housing developments for many decades, and this is largely a response to the shift in demand for high-quality, well-located rentals in lower-density environments," James Ray, Portfolio Manager, MetLife Investment Management, tells GlobeSt.com.
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