New York Life Real Estate Investors originates $500 million mortgage loan secured by the National Industrial Portfolio located throughout the United States.

New York, September 16, 2020—New York Life Real Estate Investors announced today the financing of an industrial portfolio comprised of approximately 7.9 million square feet of industrial properties located throughout the United States. The portfolio is managed by Stockbridge Capital Group on behalf of an institutional partner.

“We are pleased to be able to finance this high-quality, well-diversified portfolio of industrial properties with superior sponsorship. Additionally, we are proud to have completed this financing in the current environment, at a time when financial conditions remain more challenging,” said Stephen Kirk, Senior Director of New York Life Real Estate Investors’ Western Regional Office.

About New York Life Real Estate Investors

New York Life Real Estate Investors is a division of NYL Investors LLC, a wholly-owned subsidiary of New York Life Insurance Company. Please visit New York Life Real Estate Investors’ website at http://www.newyorklife.com/realestateinvestors for more information.

New York Life Real Estate Investors is a full service, fully-integrated real estate enterprise with more than 100 professionals. The division has market-leading capabilities in origination, underwriting, and investment in real estate equity products and related debt, including real estate equity investments, commercial mortgage loans and commercial mortgage backed securities. With over $59.7 billion in assets under management as of June 30, 20201, New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S.

1Real Estate Investors AUM of $59.7B is gross and includes AUA ($1.4B) as of 6/30/2020. Net AUM for Real Estate Investors is $58.3B as of 6/30/2020.

Media Contact:
Allison Scott
New York Life Insurance Company
212-576-4517
Allison_Scott@nylim.com