New York Life Real Estate Investors originates $47.5 million mortgage loan secured by Maitland City Centre Orlando, Florida.
New York, October 26, 2020—New York Life Real Estate Investors announced today the financing of Maitland City Centre, a 244-unit multifamily property located in Orlando, Florida. Encompassing a three-acre full city block with a mix of trendy dining venues and high-end retail offerings, Maitland City Centre is only minutes north of the Orlando Central Business District and features retail and restaurant space within a six-story building. The owner is a joint venture between The Allen Morris Company and Mesirow Financial Institutional Real Estate.
“We are pleased to offer financing on this well-located and meticulously designed property,” said Randall Hall, Senior Director in New York Life Real Estate Investors’ Southeast 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, 2020, New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S.1
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.
New York Life Insurance Company