After graduation, he applied to PricewaterhouseCoopers, and since they were short on newly recruited members for that year, they hired him as an associate for their real estate valuation department. While at PwC, Nick took several appraisal classes through the Appraisal Institute to begin to obtain his appraisal license. The Trojan network proved to be extremely valuable for Nick as a USC alumni and then co-worker referred him to her mentor who was the head of the office at MetLife.
As institutional investors, MetLife Real Estate focuses on investing in assets that match their liabilities. Between 10-15% of assets under management is dedicated to real estate and the portfolio managers like investments that have long-term stability and duration.
Please stay tuned for future blog posts about Nick Ito, his job duties, and what the commercial mortgage division at MetLife Real Estate is like.