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PGIM’s Real Estate Businesses Surpass $35B in 2019 Transactions
With 2019 setting a record for the platform in real estate financing, the real estate businesses of PGIM completed more than $35 billion in transactions worldwide last year. The volume represents a total of 954 transactions and includes $14.8 billion in real estate equity investments and dispositions on behalf of third-party investors, in addition to $20.5 billion in real estate financing, a new highwater mark.
“2019 was a very strong year for us across all facets of our global real estate platform,” said Eric Adler, chairman of PGIM’s real estate businesses. “Our enhanced focus on collaboration across regions and strategies enabled us to optimize the ways in which we serve investors and borrowers to create value on their behalf. We have a tremendous opportunity ahead of us in 2020 to leverage the breadth of our platform to uniquely provide a full spectrum of equity and debt solutions.”
The total transaction volume includes approximately $29 billion through 849 transactions in the Americas; $3.5 billion through 46 European transactions; and $2.7 billion through 59 transactions across Asia Pacific.
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- ◦Financing
