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Reynolds Plantation sold

Thursday, May 10, 2012 6:53 AM
Last updated 6:54 AM
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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.

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DuhJudge
206
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DuhJudge 05/10/12 - 07:07 am
1
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Obviously the profit margin

Obviously the profit margin on insurance is too high. Good way to fix that....buy a golf course.

rmwardsr
525
Points
rmwardsr 05/10/12 - 07:42 am
1
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Kudo's to MetLife. MetLife is

Kudo's to MetLife. MetLife is a fine financial sevices company that is financially sound and does not participate in funny math when it comes to computing botton lines. I worked for MetLife back in the "80's when it was known as Metropolitan Insurance Company, and all training and advice I received from company executives was above board and even though I am not in the insurance business today, it still influences my investment decisions and any advice I give to friends and family concerning insurance. MetLife gives Reynold's Plantation a sound financial footing, and it will be a viable business venture for many years to come.

rmwardsr
525
Points
rmwardsr 05/10/12 - 09:28 am
2
0
soapy_725: I could not have

soapy_725: I could not have put it in simpler terms myself.

OhWell
326
Points
OhWell 05/10/12 - 09:00 pm
0
0
I am unhappy about high

I am unhappy about high insurance premiums but consumers have caused this problem. Every company is business to make a profit and when claims are filed that are not legimate who pays the consumer. This is true of property claims, auto accidents and health care claims. Insurance companies are like WalMart if too much theft occurs they go up on their prices.

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