New York Life, the largest¹ mutual life insurance company in the United States, today announced a planned leadership transition in New York Life Real Estate Investors (NYLREI), the $68 billion real estate investment arm of New York Life.

At the end of June, Managing Director Thomas O’Hanlon will become head of NYLREI when Senior Managing Director Mark Talgo, current NYLREI head, retires. O’Hanlon will continue to serve in his current capacity as head of real estate equity as well. He will report to New York Life Executive Vice President and Chief Investment Officer Tony Malloy and join Malloy’s senior leadership team.

As head of real estate equity, O’Hanlon has been instrumental in growing New York Life’s real estate equity franchise from a primarily West Coast-based advisor to a $10 billion institutional asset manager with national reach. This includes expanding into new investment strategies and regions, creating a third-party business with a multi-investor fund model, and achieving top-quartile investment performance.

O’Hanlon joined New York Life in 2004 as an acquisitions officer. In 2010, when New York Life’s General Account began investing in real estate equity, he helped build NYLREI’s portfolio management and transactions teams, which created a strong foundation for future growth. Over the next decade, O’Hanlon held roles of increasing responsibility, including head of transactions. He became head of real estate equity in 2019.

“Thomas is an approachable and genuine leader who embodies the core values of New York Life,” said Malloy. “His 30-plus years of real estate experience, coupled with his proven track record and growth mindset, make him well-positioned to guide NYLREI forward.”

Talgo first joined New York Life in 1985 and has led NYLREI for the past 22 years. “Mark built the NYLREI team to more than 180 employees across five offices, grew the portfolio to $68 billion, and generated significant value for both the General Account and third-party clients,” said Malloy. “He also played a crucial role in evolving our culture, developing talent, and setting a standard of excellence. While Mark will be missed, I’m grateful for, and proud of, the legacy he has built.”

ABOUT NEW YORK LIFE

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest¹ mutual life insurance company in the United States and one of the largest life insurers in the world. With headquarters in New York City, New York Life’s family of companies offers life insurance, and other solutions. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.²

¹Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/4/2024. For methodology, please see https://fortune.com/franchise-list-page/fortune-500-methodology-2023/.

²Individual independent rating agency commentary as of 10/4/2024: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).

ABOUT NEW YORK LIFE REAL ESTATE INVESTORS

New York Life Real Estate Investors (NYLREI) is a full service, fully integrated real estate enterprise with more than 180 professionals. The division has market-leading capabilities in origination, underwriting, and investment in real estate equity products and related debt, including real estate equity investments, commercial mortgage loans and commercial mortgage-backed securities. With approximately $68 billion in assets under management as of Sept. 30, 2024,¹ NYLREI is actively seeking to acquire additional properties throughout the U.S.

NYLREI is a division of NYL Investors LLC, a wholly-owned subsidiary of New York Life Insurance Company. For more information, please visit: www.nylinvestors.com.

¹REI AUM of $68.2B is gross and includes AUA ($0.6B) as of 9/30/2024. Net AUM for Real Estate Investors is $65.7B as of 9/30/2024.

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