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Joint Venture in $54M New Jersey Industrial Buys

PGIM Says Industrial, MF Lending Strong, Originates $8.1B Overall CRE Financing H1

Newark, NJ-based PGIM Real Estate Finance reported it originated $8.1 billion in commercial mortgage financing in the first half of 2018, propelled by strong production in industrial and multifamily lending. The highlights of H1 2018 activity included $7.49 billion in U.S. commercial real estate, and $622 million in international markets.

Industrial lending growth was up 33% in H1 2018, compared to the same period last year. Another driver of business has been more than $425 million in core-plus financing.


“Industrial has been a key part of our portfolio for many years, but as consumers continue to adapt their shopping needs, we have been allocating more capital to the sector,” said Marcia Diaz, national head of originations.

PGIM also reported nearly $2.5 billion in conventional and affordable multifamily loans on behalf of Fannie Mae, Freddie Mac and FHA, which was a 53% increase over the H1 2017.

The company says it has more than $15 billion available for financing in 2018, and will look to increase its conventional and affordable agency business, continue its strong core-plus activity, and put an emphasis on multifamily and industrial for the rest of 2018.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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