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MetLife promotes Reagen to head of RE research

The New York insurer elevated Melissa Reagen from associate director last week.

MetLife has named Melissa Reagen as its new head of real estate and agriculture research, according to a Friday statement from the New York-based insurer.

Reagen joined MetLife as associate director of research in July 2013 after leading Americas property research at Aberdeen Asset Management in Philadelphia for almost three years, according to her LinkedIn profile. She started her real estate career at LaSalle Investment Management in Chicago, rising from analyst to vice president over a period of six years.

In her new role at MetLife, Reagen will lead a team that “supports all research and strategy related activities, with a particular emphasis on the development and enhancement of MetLife’s Investment Management (MIM) platform for real estate,” according to the firm. Richard McLemore leads real estate research, while Reagen added agriculture to her title.

MetLife had $63.8 billion of real estate assets under management (AUM) as of December 31, including $16.7 billion in real estate equity, according to its website. The firm has $465.6 billion in AUM overall as of December 31.

MetLife’s most recent publicly-disclosed real estate transaction was the March sale of an office building at 177 South Commons Drive in Aurora, Illinois. MetLife sold the 207,750 square foot building to Oak Street Real Estate Capital for $25.6 million, according to real estate data provider Real Capital Analytics.