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

2021-04-05T09:32:00

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).

“We were glad to have the opportunity to work with a best-in-class sponsor to add three high-quality industrial assets to the fund’s portfolio, which will continue to benefit as the sponsor executes its planned marketing and lease-up strategy for the buildings,” said Trevor Arnholt, vice president at PGIM Real Estate who led the origination of the loan on the firm’s behalf.

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