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

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.

Read the full press release now at the link below