John Jacobs
Managing Director, Finance
PGIM Real Estate
(Prudential Financial, PGIM, Prudential Insurance Company of America, Prudential Real Estate Investors)
PGIM Real Estate portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$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
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 2 for $95.2 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Carlyle Group (1), Bridge Industrial (1)
Top Ten Associated People:
Wonjoong Kim (1), Sean Zasche (1)
Recent activity as signatory:
• 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.
Latest Stories:
• Bridge Industrial signs $44.2M initial loan with PGIM for industrial in Maspeth December 12, 2024
• Bridge Industrial pays $57M to Turnbridge Equities for industrial in Maspeth December 22, 2023
• Storage Deluxe Management Company’s UOVO obtained financing of $34M from PNC Bank August 12, 2019
• Turnbridge Equities paid $40M to Greiner-Maltz Management July 27, 2019
• Turnbridge Equities obtained financing of $24M from Aresif Lender July 27, 2019
• $16,500,000 SALE of 70,000 square feet in Queens July 24, 2019