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NEW YORK CITY—In a deal worth up to $5 billion, MetLife Inc. has entered into an agreement with SunTrust Banks Inc. wherein the bank will finance commercial real estate mortgages originated and managed by MetLife Real Estate Investors. The partnership, structured for locally based MetLife’s newly created investment management platform, is for a three-year period and would result in SunTrust providing as much as $5 billion to commercial real estate.

“We welcome SunTrust as a client and partner as it brings strong regional and national expertise that complements our long-standing real estate investment heritage,” says Steven J. Goulart, executive vice president and chief investment officer of MetLife. “This unique partnership supports our larger strategy to provide innovative and reliable investment vehicles to our clients.”

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