July 09, 2020

PGIM Real Estate arranges $100M refinancing for 52 Broadway in Manhattan’s Financial District

PGIM Real Estate has arranged $100 million 15-year refinancing for 52 Broadway, a 19-story 426,000-square-foot office tower located in Manhattan’s Financial District.

May 14, 2020

PGIM Real Estate arranges $66M acquisition financing for Inland Empire industrial asset

RIVERSIDE, Calif., May 14, 2020 – PGIM Real Estate has arranged $66 million in acquisition financing for 6275 Lance Drive, a 1-million-square-foot industrial facility located in Riverside, California, within the Inland Empire submarket. The fixed-rate loan was arranged on behalf of the borrower, for which TA Realty provides investment advisory services, and has an eight-year term. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

April 29, 2020

Responding to a crisis: The outlook for the COVID-19 economy

The precipitous and devastating impact of the COVID-19 pandemic has left no doubt that global economies have entered an unprecedented recession. Investors are now left to ponder what’s next and to contemplate how deep the contraction might be, and how quickly markets can recover.

March 02, 2020

PGIM’s real estate businesses complete over $35B in transactions worldwide in 2019

The real estate businesses of PGIM completed over $35 billion in transactions worldwide in 2019. The volume represents a total of 954 transactions and includes $14.8 billion in real estate equity investments and dispositions on behalf of third-party investors, in addition to a record $20.5 billion in real estate financing.

February 24, 2020

PGIM Real Estate raises nearly $1 billion for Senior Housing Partners VI

MADISON, N.J., Feb. 24, 2020PGIM Real Estate has completed its capital raise for Senior Housing Partners VI (SHP VI), with a total of $996 million in commitments, primarily from institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the $1.3 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

January 23, 2020

PGIM’s Q1 market outlooks: 2020, a year unlike the last?

In their latest installment of quarterly outlooks, PGIM experts provide perspective on the markets in 2020 and beyond.

January 14, 2020

PGIM Real Estate Finance arranges $48M forward commitment for 300-unit apartment complex in Houston

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.

January 06, 2020

PGIM Real Estate’s Trends for 2020

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.

December 17, 2019

PGIM Real Estate completes sale of 11-property senior housing portfolio

MADISON, N.J., Dec. 17, 2019 – PGIM Real Estate has sold a portfolio of 11 senior housing properties managed by Brightview Senior Living and located throughout the Northeast and Mid-Atlantic U.S.

December 11, 2019

Bridge Development Partners and PGIM Real Estate form $150 million joint venture to acquire and develop cold storage properties across the US

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.