MetLife executives say the company has completed its purchase of the upscale Reynolds Plantation golf resort on Lake Oconee, which has struggled for months with its finances. MetLife said in a statement Thursday that the deal includes The Ritz-Carlton Lodge, six championship golf courses, four full-service marinas and nearly 5,000 acres of undeveloped golf and waterfront property about 80 miles east of Atlanta.
New York-based insurance and financial services giant MetLife said Wednesday it has agreed to purchase posh golf community Reynolds Plantation, including six golf courses, four marinas, nearly 5,000 acres of undeveloped land and the Ritz-Carlton Lodge at Lake Oconee.
Georgia is investigating Prudential and MetLife. The probe comes after a national business magazine reported the companies were holding onto $28 billion owed to beneficiaries and making a profit from it.