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ew York Life, the largest mutual life insurance company in the US, announced a planned leadership transition for its $68 billion real estate investment arm, New York Life Real Estate Investors (NYLREI). At the end of June, Managing Director Thomas O'Hanlon will take over as head of NYLREI from Senior Managing Director Mark Talgo, who is retiring after 22 years at the helm. O'Hanlon will continue to lead real estate equity and report to Executive Vice President and Chief Investment Officer Tony Malloy.

    O'Hanlon has played a key role in growing New York Life's real estate equity franchise into a $10 billion institutional asset manager with national reach, expanding into new investment strategies and regions, and achieving top-quartile performance. He joined New York Life in 2004 as an acquisitions officer and held various roles of increasing responsibility before becoming head of real estate equity in 2019.

    "Thomas is a genuine leader who embodies the core values of New York Life," said Malloy. "His extensive experience, proven track record, and growth mindset make him well-positioned to guide NYLREI forward."

    Talgo has built a strong legacy at NYLREI, growing the portfolio to $68 billion and generating significant value for both the General Account and third-party clients. He will be missed, but his impact on the company's culture, talent development, and excellence will be remembered.

    New York Life is a Fortune 100 company founded in 1845, with headquarters in New York City. It has the highest financial strength ratings from all four major credit rating agencies. NYLREI is a full-service real estate enterprise with over 180 professionals, actively seeking to acquire additional properties throughout the US.