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.