Insurance and financial services giant MetLife said Wednesday it has an agreement to acquire Reynolds Plantation and will put in place an Alabama developer with Atlanta ties to operate the posh golf community.
The Atlanta Journal-Constitution reports New York-based MetLife said its agreement includes six golf courses, four marinas, nearly 5,000 acres of undeveloped land and the Ritz-Carlton Lodge at Lake Oconee, located about 60 miles west of Augusta. Terms of the deal were not disclosed.
Birmingham-based Daniel Corp. will oversee Reynolds Plantation. Daniel and MetLife have a 25-year relationship and the two companies are partners on 12th & Midtown, a complex of office, retail, condos and a luxury hotel near Peachtree and 12th streets.