Follow us on

Listen live to Atlanta's breaking news, severe weather, & traffic online

recent on-air advertisers

Now Playing

News/Talk WSB
Listen live to ...

Posted: 9:52 a.m. Thursday, May 10, 2012

MetLife to buy Reynolds Plantation

  • comment(1)

By Bob Coxe

New York, NY —

Reynolds Plantation has a buyer.

Insurance giant MetLife tells the AJC they've worked a deal to buy the luxury resort community on Lake Oconee. Financial details haven't been made public.

"This is a premier community with world-class amenities, a great reputation and a strong future,” Robert Merck, senior managing director and head of real estate investments for MetLife, said in a news release.

They plan to hire the Daniel Corporation, a Birmingham developer, to manage the operation. The two companies jointly own and operate 12th & Midtown, an office-hotel-condo complex in Atlanta.

In February of last year, the Reynolds family offered to sell the plantation's six golf courses to members for $45 million, to help pay off debt.

  • comment(1)