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PGIM Real Estate provides $356M loan for 10-property industrial acquisition

2020-12-03T09:06:00

PGIM Real Estate has provided a $356 million loan to Stockbridge Capital Group for the acquisition of a diversified 10-property industrial portfolio. 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)

“We were thrilled to have the opportunity to work with Stockbridge, an existing PGIM Real Estate client, to aid in the success of this transaction,” said Natalia Todorov, executive director at PGIM Real Estate who led the transaction on the firm’s behalf in addition to Elizabeth Velazquez, executive director, Originations. “The strength of the sponsorship and the quality of the assets—as well as rapidly-growing demand across the U.S. logistics market—all support a favorable long-term outlook for this portfolio.”

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