PGIM
PGIM Real Estate Finance opens Cleveland office, hires originations team
CHICAGO, Dec. 14, 2018 – PGIM Real Estate Finance has hired a new originations team led by Bruce Gerhart and David Strachan for its new Cleveland office, cementing its presence throughout the Midwest region.
Brooklyn affordable housing property receives $102 million loan from PGIM Real Estate Finance
NEW YORK, Dec. 12, 2018 – PGIM Real Estate Finance has provided a $102 million Freddie Mac acquisition loan to Jonathan Rose Companies for Shore Hill Housing, an affordable and elderly housing property in the Bay Ridge neighborhood of Brooklyn.
PGIM Real Estate hires Thomas Kallenbrunnen as senior portfolio manager for European core strategy
LONDON, Dec. 6, 2018 – Thomas Kallenbrunnen has joined PGIM Real Estate as a managing director and senior portfolio manager for its European core diversified real estate strategy.
PGIM Real Estate agrees to purchase office in Clichy
PARIS, Dec. 4, 2018 – PGIM Real Estate signed a forward purchase agreement for the development of SWELL, two office buildings in Bac d’Asnières, Clichy. The transaction was executed off-market on behalf of investors of a discretionary pan-European value-add fund.
PGIM Real Estate Finance provides $78 million refinancing loan for Alexandria apartment community
ALEXANDRIA, Va., Nov. 29, 2018 – PGIM Real Estate Finance has provided a $78 million FHA refinancing loan to Bonaventure Realty Group for The Encore Apartments, an apartment community in Alexandria, Virginia.
Carroll Organization and PGIM Real Estate acquire three Southeast multifamily portfolios valued at nearly $600 million
ATLANTA, November 27, 2018 - Carroll Organization and PGIM Real Estate have continued to advance their multifamily joint venture partnership with three portfolio acquisitions in Raleigh-Durham, Ponte Vedra Beach and Charleston, totaling nearly $600 million.
QMA adds Wadhwani Asset Management as part of QMA’s global expansion strategy
NEWARK, N.J., November 13, 2018 - QMA, the quantitative equity and global multi-asset solutions manager of PGIM, announced today PGIM’s acquisition of Wadhwani Asset Management (WAM), a London-based quantitative macro-focused investment management firm. Upon closing, WAM will become part of the QMA business.
PGIM Real Estate acquires grade-A logistics platform in Salon-de-Provence
PARIS, 12 Nov. 2018 – PGIM Real Estate has acquired a 100,000-square-meter grade-A logistics platform located in Salon-de-Provence, 60 kilometers north of Marseille, on behalf of an institutional investor.
Navigating the technology frontier beyond Silicon Valley
NEWARK, N.J., October 24, 2018 - Given the lightning-quick pace of technological change, investors must evaluate their portfolios to weed out obsolescence risk from incumbent products and business models that might soon be displaced, while developing a disciplined active investment framework to identify potential technology-driven winners, according to the latest report examining megatrends from PGIM, the $1.2 trillion asset management businesses of Prudential Financial, Inc. (NYSE: PRU).
PGIM Real Estate acquires The Square in Paris
PARIS, Oct. 22, 2018 – PGIM Real Estate has acquired The Square, an iconic 7,000-square-meter office building located on 7-7 bis rue de Téhéran, Paris, on behalf of its pan-European discretionary value-add fund. The seller was a German closed-ended fund managed by GLL Real Estate Partners, a member of Macquarie Group. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).
