PGIM Real Estate
(Prudential Financial, PGIM, Prudential Insurance Company of America, Prudential Real Estate Investors)
People:
PGIM Real Estate portfolio
$284.4 million – office 66%, condo 32%; Manhattan 100%, Bronx 0%
208th largest portfolio by dollar value
682,473 sqft – office 69%, condo 30%;
464th largest by SF
4 properties – Manhattan 100%, Bronx 0%
153th largest
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 1 for $104.5 million
Borrower company: 0 for $0
Lender company: 11 for $429.6 million
Developer (new building or major alteration): 0 for 0 square feet
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), ABJ Properties (2), JPMorgan Chase (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)
Latest Stories:
• Canvas pays $104.5M to PGIM for two rentals with 210 units in Gramercy (October 22, 2024)
• Bushburg files plans for 500-unit FiDi conversion at former Rudin office tower (October 14, 2024)
• Bushberg pays $160M for 80 Pine, borrows $134M (September 18, 2024)
• LeFrak signs $75.5M refi loan with PGIM for retail in FiDi (July 23, 2024)
• J.P. Morgan signs $165M refi with Northwestern for 387-unit rental in NoMad (June 17, 2024)
• Carlyle, Sabharwal sign $28M refi for industrial in Red Hook, Brownsville (June 14, 2024)