MET - Mergers and acquisitions

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE:MET), announced that it has completed the acquisition of Affirmative Investment Management (AIM), a specialist global environmental, social and corporate governance (ESG) impact fixed income investment manager. Announced in August 2022, the transaction adds roughly $1.0 billion to MIM's total assets under management. "Completing the acquisition of AIM is an important milestone in advancing MIM's commitment to sustainable investing and meeting the evolving ESG needs of our clients," said Steven J. Goulart, president of MIM and executive vice president and chief investment officer for MetL

Largest single-asset office transaction in the U.S. market for 2021 MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE:MET), and Norges Bank Investment Management (NBIM), the asset management division of Norges Bank, today announced the acquisition of One Memorial Drive in Cambridge, Massachusetts for $825.1 million. The transaction represents the largest single-asset U.S. office transaction to date in 2021, according to data provider CoStar. One Memorial Drive is a 17-story, Class A office building located on the Charles River with 409,422 square feet of leasable space. Built in 1986 and renovated in 2018, the fully occupied property h