BLK » Topics » Certain Agreements and Arrangements with MetLife

This excerpt taken from the BLK 8-K filed Sep 17, 2009.

Certain Agreements and Arrangements with MetLife

During 2006, the Company incurred a fee sharing payment of $34 payable to MetLife based upon certain contractual arrangements entered into in conjunction with the SSR Transaction. See Note 12 for further information.

 

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Table of Contents

BlackRock, Inc.

Notes to the Consolidated Financial Statements

(Dollar amounts in millions, except share data or as otherwise noted)

 

15. Related Party Transactions (continued)
These excerpts taken from the BLK 10-K filed Mar 2, 2009.

Certain Agreements and Arrangements with MetLife

During 2006, the Company incurred a fee sharing payment of $34 payable to MetLife based upon certain contractual arrangements entered into in conjunction with the SSR Transaction. See Note 12 for further information.

 

F-67


BlackRock, Inc.

Notes to the Consolidated Financial Statements

(Dollar amounts in millions, except share data or as otherwise noted)

 

15. Related Party Transactions (continued)

 

Certain Agreements and Arrangements with MetLife

STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%">During 2006, the Company incurred a fee sharing payment of $34 payable to MetLife based upon certain contractual arrangements entered into in conjunction
with the SSR Transaction. See Note 12 for further information.

 


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BlackRock, Inc.

FACE="Times New Roman" SIZE="2">Notes to the Consolidated Financial Statements

(Dollar amounts in millions, except share data or
as otherwise noted)

 







15.Related Party Transactions (continued)

 


This excerpt taken from the BLK 10-K filed Feb 28, 2008.

Certain Agreements and Arrangements with MetLife

During 2006, the Company incurred a fee sharing payment of $34,450 payable to MetLife based upon certain contractual arrangements entered into in conjunction with the SSR Transaction. See Note 3 for further information.

This excerpt taken from the BLK 10-K filed Mar 13, 2007.

Certain Agreements and Arrangements with MetLife

During 2006, the Company incurred a one-time fee sharing payment of $34,450 payable to MetLife based upon certain contractual arrangements entered into in conjunction with the SSR acquisition. See Note 2 for further information.

During 2006, BlackRock and Tishman Speyer formed a joint venture to acquire Peter Cooper Village and Stuyvesant Town, the largest apartment complex in New York City, from MetLife for $5.4 billion.

MetLife provided general and administration services to the Company during the transition period in support of SSR and its consolidated subsidiaries. These services ceased during the second quarter of 2005 and totaled $1,576 in 2005. In addition, BlackRock leases a portion of its office space under a formal sublease agreement with a subsidiary of MetLife. The lease expires in 2013. For the year ended December 31, 2006, the Company recorded $2,909 of rent expense associated with this agreement.

Through January 31, 2006, Realty maintained a $200,000 line of credit with a subsidiary of MetLife. Realty used the line of credit to finance the acquisition of real estate prior to the closing of sponsored investment funds. During the first quarter of 2005, the Company repaid all outstanding advances under the line of credit, which totaled $92,500, following the sale of related real estate to a newly formed investment fund. The line of credit expired on January 31, 2006.

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