MetLife Completes Purchase of Georgia’s Premier Golf Resort

August 2, 2012

MetLife announced today that it has completed its purchase of Reynolds Plantation, viagra order Georgia’s premier golf and resort community located on Lake Oconee.

The acquisition includes The Ritz-Carlton Lodge, cheap six championship golf courses, arthritis four full-service marinas and nearly 5,000 acres of undeveloped golf and waterfront property.

“We are extremely proud to own Reynolds Plantation, a premier community with world-class amenities,” said Robert Merck, senior managing director and global head of real estate investments for MetLife. “Reynolds Plantation is an exceptional addition to our real estate portfolio and we look forward to investing in Reynolds Plantation’s future to ensure it continues to be recognized for the extraordinary lifestyle it offers.”

As previously announced, Daniel Corporation will oversee the day-to-day operations at Reynolds Plantation. The Daniel team will work in cooperation with MetLife’s Atlanta Regional Office, led by Regional Director Tom Coakley. The Atlanta office manages the company’s real estate investments in the southeastern United States.

“Since announcing the acquisition in May, we have been working closely with members and the staff to ensure we fully understand the opportunities and priorities at Reynolds. As a result, and with the input and guidance from several stakeholders, we successfully established a new club, which has been well received by members and helps lay a strong foundation for future growth,” said Coakley.

“Over the past few months, we have had the opportunity to learn more about the great people and amenities that make Reynolds Plantation a wonderful community,” said Charlie Tickle, chairman and CEO of Daniel Corporation. “We are looking forward to this opportunity to ensure that members continue to enjoy an outstanding quality of life at Reynolds while also enhancing the economic viability and sustainability of this great community.”

Reynolds Plantation represents the latest addition to MetLife’s portfolio of real estate investments in Atlanta and the southeastern United States. Other properties include Georgia Pacific Center, Georgia 400 Center, Rocca Apartments and 12th & Midtown.