Mortgage loans closed

Real Estate Weekly, Oct 12, 2005

New York Life Investment Management LLC, acting as investment manager for New York Life Insurance Company, has closed two mortgage loans totaling $30 million and secured by two apartment complexes located in Edison and Iselin, New Jersey.

Each of the garden style apartment complexes are co-owned by two premier developer/owners of residential and commercial real estate throughout the northeast, Florida and California.

NYLIM's Real Estate Group is a full service, fully integrated division focused on originating, underwriting and investing in real estate debt and related products.

As of June 30, 2005, the Real Estate Group managed approximately $20.3 billion in client assets, including commercial mortgages, CMBS and other real estate related products on behalf of both New York Life and third party institutional investors.