Content (25)

  • PGIM Real Estate - finances record $22B in loans globally in 2021

    Asset Manager News

    PGIM Real Estate finances record $22B in loans globally in 2021

    2022-05-05T16:02:00Z

    NEWARK, N.J., May 5, 2022 – Low interest rates, investors’ ongoing search for yield, and strong acquisitions activity continue to create a supportive environment for real estate financing and alternative lenders across the globe, contributing to a record $22.38 billion in worldwide originations last year for PGIM Real Estate, the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of U.S.-based Prudential Financial, Inc. (NYSE: PRU).

  • PGIM Real Estate appoints Christy Lockridge as chief diversity, equity and inclusion officer

    People News

    PGIM Real Estate appoints Christy Lockridge as chief diversity, equity and inclusion officer

    2022-04-25T15:48:00Z

    CHICAGO, April 25, 2022 – PGIM Real Estate has appointed Christy Lockridge as the business’s first chief diversity, equity and inclusion officer, based in Chicago. PGIM Real Estate is the $209.3 billion real estate business of PGIM, the $1.5 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).

  • PGIM Real Estate global transactions rose 43% in 2021, driven by US logistics, affordable and senior housing, ESG

    Asset Manager News

    PGIM Real Estate global transactions rose 43% in 2021, driven by US logistics, affordable and senior housing, ESG

    2022-03-30T16:18:00Z

    NEWARK, N.J., March 30, 2022 – PGIM Real Estate completed a record $42.7 billion in transactions globally in 2021, up 43% from the prior year — including $35 billion in transactions in the U.S. alone, up 38% from the previous year. PGIM Real Estate is the $209.3 billion real estate business of PGIM.

  • PGIM Real Estate closes 3 key deals for more than $222M in core plus lending

    Asset Manager News

    PGIM Real Estate closes 3 key deals for more than $222M in core plus lending

    2022-03-11T15:53:00Z

    NEWARK, N.J., March 11, 2022 – PGIM Real Estate has provided more than $222 million in core plus financing on behalf of two investors. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

  • PGIM Real Estate arranges $105M Fannie Mae refinance for California multifamily properties

    Asset Manager News

    PGIM Real Estate arranges $105M Fannie Mae refinance for California multifamily properties

    2021-11-16T15:33:00Z

    NEWARK, N.J., Nov. 16, 2021 – PGIM Real Estate has arranged $105.24 million in Fannie Mae refinance loans on behalf of Goldrich Kest, a privately owned diversified real estate owner and operator, for six multifamily properties located throughout California. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

  • PGIM Real Estate finances $85M supplemental loan for Sunbelt industrial portfolio

    Asset Manager News

    PGIM Real Estate finances $85M supplemental loan for Sunbelt industrial portfolio

    2021-11-04T16:00:00Z

    DALLAS, Nov. 4, 2021 – PGIM Real Estate has provided an $85 million supplemental loan on behalf of its U.S. core strategy to DRA Advisors for its 140-building industrial portfolio that spans the U.S. Sunbelt region. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

  • PGIM Real Estate provides $50M loan for Mesa, Arizona apartment community

    Asset Manager News

    PGIM Real Estate provides $50M loan for Mesa, Arizona apartment community

    2021-10-28T16:07:00Z

    MESA, A.Z., Oct. 28, 2021 – PGIM Real Estate has provided a $49.93 million acquisition loan facility on behalf of its U.S. core-plus strategy to Western Wealth Capital for the acquisition and renovation of Delano Apartments, a 265-unit single-story garden-style apartment community located in Mesa, Arizona. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

  • PGIM Real Estate arranges $106M Fannie Mae credit facility for nine affordable housing properties

    Asset Manager News

    PGIM Real Estate arranges $106M Fannie Mae credit facility for nine affordable housing properties

    2021-10-20T15:51:00Z

    NEWARK, N.J., October 20, 2021 – PGIM Real Estate has arranged a $106.763 million Fannie Mae credit facility on behalf of a nationwide owner and operator of affordable housing communities for a nine-property multifamily affordable housing portfolio located across Texas, New Mexico and Colorado. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

  • Global Outlook 2021 - Americas

    White papers

    Global Outlook 2021 - Americas

    2021-05-19T11:48:00Z

    As the vaccine rollout takes effect, the U.S. economy is set to benefit from several tailwinds through the second half of the year, including the prospect of a full reopening, a boost to spending from accumulated savings and further fiscal stimulus. Latin America will take longer to recover.

  • PGIM Real Estate Provides $41M Loan For Acquisition Of Three Class A Industrial Buildings

    Asset Manager News

    PGIM Real Estate Provides $41M Loan For Acquisition Of Three Class A Industrial Buildings

    2021-04-05T09:32:00Z

    On behalf of its U.S. core-plus debt fund, PGIM Real Estate has provided a $41 million loan facility to Dalfen Industrial for the acquisition of a three-building Class A industrial portfolio with properties located in the Las Vegas and Chicago metro areas. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

  • Global Data Centers - America’s Excerpt

    White papers

    Global Data Centers - America’s Excerpt

    2021-03-04T10:00:00Z

    The COVID-19 pandemic has caused the largest economic shock in generations. Significant disruption across all segments of the economy has resulted in severe recessions globally.

  • PGIM Real Estate invests in Taronga Ventures in support of global innovation strategy

    Asset Manager News

    PGIM Real Estate invests in Taronga Ventures in support of global innovation strategy

    2021-02-04T09:23:00Z

    As part of its effort to expand and strengthen its global innovation strategy through key partnerships, PGIM Real Estate has acquired a strategic equity stake in Taronga Ventures, further supported by a commitment to Taronga’s RealTech Ventures Fund. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).