Assets under management.

As a leading provider of real estate capital on behalf of New York Life and our third party institutional investors, Real Estate Investors manages a range of assets within its three investment platforms: Commercial Lending, Real Estate Equity Investment and Real Estate Securities Investment. Today our AUM totals over $54.5 billion*.

*Real Estate Investors AUM of $54.5B is gross and includes AUA ($1.6B), and primarily debt ($0.6B) as of 12/31/18. Net AUM for Real Estate Investors is $53.9B as of 12/31/18.