MetLife Investment Management is doubling down on single-family rentals, closing its latest fund with $390M to target the sector, the company announced Tuesday.
Capital for MetLife Single Family Rental Fund came from institutional investors around the world for the first closed-end vehicle of the firm’s real estate equity team, according to the release.
“We have a high level of conviction in the demand for single family rentals, and we see this fund as a natural extension of our experience investing in other housing segments, where our perspective as a leading institutional investment manager has served clients well,” Robert Merck, global head of real estate…