MetLife Evaluating Options for Peter Cooper Village and Stuyvesant Town.

Business Wire | July 18, 2006 | Copyright

NEW YORK -- MetLife, Inc. (NYSE: MET) announced today that it is evaluating options with respect to its Peter Cooper Village and Stuyvesant Town properties, including the possibility of marketing the assets for sale.

"We believe current market conditions are very favorable, and we have decided to test the market to gauge buyer interest in these properties," said Robert Merck, head of real estate investments for MetLife. MetLife believes there is a lot of capital seeking high-quality real estate of this caliber and anticipates that it will see excellent market ...

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