PGIM Real Estate

(Prudential Financial, PGIM, Prudential Insurance Company of America, Prudential Real Estate Investors)

pgim.com

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PGIM Real Estate portfolio

$284.4 million* – office 66%, condo 32%; Manhattan 100%, Bronx 0%

220th largest portfolio by dollar value

682,473 sqft – office 69%, condo 30%;

482th largest by SF

4 properties – Manhattan 100%, Bronx 0%

1767th largest

Company Activity past 24 months:

Seller company: 2 for $252 million

Lender company: 11 for $429.6 million

Top Ten Associated Companies:

Finkelstein Timberger East Real Estate (22), Carlyle Group (5), Rudin Management (3), Edward Friedman (3), Regal Acquisitions (2), Neil Simon (2), ATCO Properties & Management (2), Sabharwal Properties (2), JPMorgan Chase (2), ABJ Properties (2)

Top Ten Associated People:

Richard Timberger (22), Wonjoong Kim (3), Edward Friedman (3), Jason Hart (2), Alexander Smith (2), Neil Simon (2), Benjamin Soleimani (2), William C. Rudin (2), Thomas Block (1), Charles S. Foster (1)

Recent activity as company:

• PGIM Real Estate and SJP Properties sold 470 Park Avenue South, Park Avenue South, Manhattan for $147.5 million to Williams Equities on January 08, 2025.

• Woodmont Development borrowed $22 million from PGIM Real Estate for 4700 Glenwood Road and 2385 Hollers Avenue, East Flatbush, Brooklyn on December 31, 2024.

• Bridge Industrial borrowed $44.2 million from Pgim Real Estate for 58-95 Maurice Avenue, Maspeth, Queens on December 11, 2024.

• Carlyle Group borrowed $51 million from PGIM Real Estate for 74-16 Grand Avenue and 302 Dyckman Street, Maspeth, Queens on November 29, 2024.

• Jack Resnick & Sons borrowed $9 million from Jack Resnick & Sons for 422 East 72nd Street, Lenox Hill, Manhattan on November 26, 2024.

• Canvas Property Group borrowed $63 million from Tokyu Land Corporation for 220 East 22nd Street and 210 East 22nd Street, Gramercy, Manhattan on October 21, 2024.

• PGIM Real Estate sold 220 East 22nd Street and 210 East 22nd Street, Gramercy, Manhattan for $104.5 million to Canvas Property Group on October 21, 2024.

• ABJ Properties borrowed $11.6 million from PGIM Real Estate for 340 East 139th Street, 137 Alexander Avenue, 224 Willis Avenue, 226 Willis Avenue, 208 Willis Avenue, and others, Mott Haven, Bronx on October 09, 2024.

• LeFrak borrowed $75.5 million from PGIM Real Estate for 180 Broadway, Financial District, Manhattan on July 22, 2024.

• J.P. Morgan Asset Management borrowed $165 million from Northwestern Mutual Life Insurance for 776 Avenue Of The Amer, NoMad, Manhattan on June 14, 2024.