Here is a selection of the latest press releases from PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. For more information, please email GlobalCommunicationsMedia@pgim.com, or contact our communications staff.

July 09, 2019

Prudential Capital Group adopts PGIM Private Capital as new global brand name

CHICAGO, July 09, 2019 - Prudential Capital Group has renamed its global investment business as PGIM Private Capital. With over $86 billion in assets under management (as of March 31, 2019), the business is the private capital arm of PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

June 25, 2019

PGIM Real Estate Global Outlook: Striking the right portfolio balance late in the cycle

NEW YORK, June 25, 2019 - Elevated global real estate pricing continues to be supported by low interest rates and there are still reasons to be optimistic about the outlook for income growth, according to PGIM Real Estate’s 2019 Global Outlook. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE:PRU).

June 11, 2019

PGIM names Cameron Lochhead global head of institutional relationships

Cameron Lochhead has been named global head of PGIM’s Institutional Relationship Group, dedicated to deepening strong relationships with institutional clients and continuing to grow PGIM’s reputation for superior client service.

May 31, 2019

PGIM Real Estate Finance provides $200 million refinancing for Manhattan office building

PGIM Real Estate Finance has provided a $200 million refinancing loan to Jack Resnick & Sons for 315 Hudson St. in Manhattan.

April 02, 2019

PGIM Real Estate sells Westend Yards in Munich, completing its Triple Portfolio sale

MUNICH, April 2, 2019 – PGIM Real Estate has completed the sale of Westend Yards at Hansastrasse 24-36, a 32,000-square-meter office property in Munich, on behalf of its European value-add strategy. 

December 19, 2018

PGIM Real Estate Finance provides $29.3 million Freddie Mac forward commitment to NRP Group for San Antonio apartment development

NEW YORK, Dec. 18, 2018 PGIM Real Estate Finance has secured a $29.3 million unfunded forward commitment from Freddie Mac for NRP Group’s Lake Vue at Red Berry Estates workforce housing development in San Antonio, Texas.

December 14, 2018

PGIM Real Estate Finance opens Cleveland office, hires originations team

CHICAGO, Dec. 14, 2018 PGIM Real Estate Finance has hired a new originations team led by Bruce Gerhart and David Strachan for its new Cleveland office, cementing its presence throughout the Midwest region.

December 12, 2018

Brooklyn affordable housing property receives $102 million loan from PGIM Real Estate Finance

NEW YORK, Dec. 12, 2018 PGIM Real Estate Finance has provided a $102 million Freddie Mac acquisition loan to Jonathan Rose Companies for Shore Hill Housing, an affordable and elderly housing property in the Bay Ridge neighborhood of Brooklyn.

December 06, 2018

PGIM Real Estate hires Thomas Kallenbrunnen as senior portfolio manager for European core strategy

LONDON, Dec. 6, 2018 – Thomas Kallenbrunnen has joined PGIM Real Estate as a managing director and senior portfolio manager for its European core diversified real estate strategy.

December 04, 2018

PGIM Real Estate agrees to purchase office in Clichy

PARIS, Dec. 4, 2018 – PGIM Real Estate signed a forward purchase agreement for the development of SWELL, two office buildings in Bac d’Asnières, Clichy. The transaction was executed off-market on behalf of investors of a discretionary pan-European value-add fund.