HOUSTON, Jan. 14, 2020 –PGIM Real Estate Finance has arranged a $48 million Freddie Mac unfunded forward commitment to provide permanent financing for Red Line Station, a planned 300-unit mixed-income apartment complex in Houston.
PGIM Real Estate identifies four key global trends that are set to have a significant aggregate impact, and ten region-specific trends that reflect opportunities to benefit from diversification by strategy and geography.
CHICAGO, Dec. 11, 2019 – Bridge Development Partners LLC and PGIM Real Estate, the global real estate investment management business of Prudential Financial, Inc., have announced the launch of a $150 million national cold storage investment program, targeting $400 million in assets. This programmatic joint venture will seek value-add returns through the development of Class A cold storage facilities, as well as the acquisition and repositioning of Class A/Class B cold storage developments across the country.
Prudential’s innovative approach to impact investing has earned the company a coveted spot for the second straight year on Fortune’s Change the World list, which recognizes companies that have made a meaningful and lasting impact on the human condition through their core business strategy on a global scale.
PGIM Real Estate completed approximately $12 billion in transactions worldwide in 2018 on behalf of institutional and high net worth investors, including investments in real estate equity and debt, and property dispositions.