Press Releases

On behalf of its U.S. core real estate strategy, PGIM Real Estate has acquired a 4.7 million-square-foot, 15-building industrial portfolio located across eight properties in Atlanta, Dallas, Denver, Fort Worth, and Phoenix, for a total value of $425 million.

PGIM Real Estate has arranged $100 million 15-year refinancing for 52 Broadway, a 19-story 426,000-square-foot office tower located in Manhattan’s Financial District.

Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), has successfully closed $1.7 billion in new longevity reinsurance transactions during the first half of the year, attributing success to pivoting quickly to virtual closings during the COVID-19 global pandemic and a vibrant smaller end of the U.K. pension buy-in and buy-out market.

Prudential Individual Life Insurance and Assurance IQ, a wholly owned subsidiary of Prudential Financial, Inc. (NYSE: PRU), are now offering Prudential’s SimplyTerm^SM term life product through the Assurance IQ platform.

Prudential Financial, Inc. (NYSE: PRU) has partnered with the American Nurses Association (ANA) to offer financial wellness solutions through the premier organization representing the nation’s more than 4 million registered nurses.

Prudential is profoundly disturbed by the manner of George Floyd’s death, and by the fact that he joins a long and ever-growing list of Black Americans who have lost their lives because of the color of their skin.

National nonprofit Operation Gratitude and Prudential Financial teamed up, with additional support from Mars Wrigley, to deliver “Jumbo Care Packages” containing handwritten letters of appreciation from grateful Americans—including those from more than 100 Prudential employees and their families—as well as coffee, single-serve snacks and candy, and hygiene and comfort items.

Prudential Group Insurance is helping to improve the process of choosing and managing group benefits with new and enhanced partnerships that will provide smoother, real-time and personalized interactions.

RIVERSIDE, Calif., May 14, 2020 – PGIM Real Estate has arranged $66 million in acquisition financing for 6275 Lance Drive, a 1-million-square-foot industrial facility located in Riverside, California, within the Inland Empire submarket. The fixed-rate loan was arranged on behalf of the borrower, for which TA Realty provides investment advisory services, and has an eight-year term. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

PGIM Real Estate has hired Sara Shank as managing director and global head of innovation, based in its Manhattan office.