PGIM

Prudential Private Capital provided $140 million of first mortgage bond financing to the Dayton Power & Light Company (“DP&L”), the wholly owned electric utility of parent company, AES, funding with execution certainty during the COVID-19 global pandemic.

PGIM Real Estate has arranged a $482 million Fannie Mae credit facility collateralized by six multifamily properties located on the West Coast.

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 Private Capital provided $4.7B of senior debt and junior capital to middle-market companies and projects globally in the first half of 2020.

QMA has appointed a new chief investment officer as part of a broad restructuring plan for its equity business.

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.

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).

When global lockdowns end, as families and communities recover, new opportunities and challenges will emerge for companies—and investors—around the world as they navigate the economic, social and political shifts brought on by the pandemic, according to research from PGIM.

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

PGIM has collaborated with GIC, Singapore’s sovereign wealth fund, to create a framework that links top-down asset allocation with bottom-up private asset investing to support investors who are increasingly faced with the difficult choice between potentially higher portfolio returns and greater liquidity.