New York Life Real Estate Investors Acquired Forest Park Corporate Center.
NEW YORK, October 14, 2013—New York Life Real Estate Investors announced today the acquisition, on behalf of an institutional investor, of the Forest Park Corporate Center portfolio comprised of seven warehouses and one office building totaling 1.5 million square feet located in southern New Jersey.
New York Life Real Estate Investors is a division of New York Life Investments*, an indirect wholly-owned subsidiary of New York Life Insurance Company.
New York Life Real Estate Investors is a full service, fully integrated real estate enterprise with more than 100 professionals. The principal focus of New York Life Real Estate Investors is the origination, underwriting, and investment in real estate equity products and related debt, including: real estate equity investments, commercial mortgage loans, commercial mortgage backed securities and unsecured REIT bonds. As of June 30, 2013, New York Life Real Estate Investors had an AUM of $35.4 billion and is actively seeking to acquire additional properties throughout the U.S.
*New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary New York Life Investment Management LLC. New York Life Investment Management LLC is a wholly-owned indirect subsidiary of New York Life Insurance Company.
New York Life Insurance