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NY Life Unit Loans $915M To Mapletree For US Portfolio

Law360 (April 10, 2019, 6:34 PM EDT) -- The real estate lending arm of New York Life Insurance Co. has loaned $915.2 million to Singapore real estate firm Mapletree Investments for a portfolio of 100 United States industrial properties, New York Life said Wednesday.

New York Life Real Estate Investors provided two fixed-rate loans for the 100 properties, which have a total of 17.2 million square feet.

The firm did not provide location details for the properties beyond saying they are in more than a dozen metro areas.

"The portfolios offer scale with 100 buildings that are functional and well maintained," John Howard, senior director of New York Life...

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