Investments

QMA uses “Hamilton” tickets to tease apart exactly what is—and is not—a crowded trade, and why it matters for investors hoping to insulate portfolios from disruptions that could come in the months and years ahead.

NEW YORK, Dec. 18, 2018 – PGIM Real Estate Finance has secured a $29.3 million unfunded forward commitment from Freddie Mac for NRP Group’s Lake Vue at Red Berry Estates workforce housing development in San Antonio, Texas.

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.

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.

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.

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.

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.

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.

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.

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.