On behalf of its U.S. core real estate strategy, PGIM Real Estate has acquired a 30-property industrial portfolio totaling 5.4 million square feet in partnership with Perlmutter Investment Company’s IAC Properties. PGIM Real Estate acquired the portfolio valued at approximately $700 million by recapitalizing an interest in the existing joint venture structure. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
PGIM Real Estate [North America]
2023 Real Estate Top 150 ranking: 4
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Asset Manager NewsPGIM Real Estate finances record $22B in loans globally in 2021
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).
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People NewsPGIM Real Estate appoints Christy Lockridge as chief diversity, equity and inclusion officer
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).
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Asset Manager NewsPGIM Real Estate global transactions rose 43% in 2021, driven by US logistics, affordable and senior housing, ESG
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.
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