Lynn deCastro
Executive Director
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: 2 for $252 million
Borrower signatory: 0 for $0
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Storage Post (1), Canvas Property Group (1), Williams Equities (1)
Top Ten Associated People:
William A. Palmer III (1), Robert Morgenstern (1), William E. Stempel (1)
Recent activity as signatory:
• PGIM Real Estateand SJP Properties sold 470 Park Avenue South, Park Avenue South, Manhattan for $147.5 million to Williams Equities on January 08, 2025.
• 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.
• Wildflower Ltd.and Prudential Financial sold 3350 Park Avenue and N/A East 166th Street, Morrisania, Bronx for $64 million to Storage Post on March 07, 2022.
Latest Stories:
• Williams Equities pays $147.5M to PGIM, SJP for office on Park Avenue South January 09, 2025
• Storage Post signs $42.6M refi loan with Nuveen for storage in Morrisania November 22, 2024
• Canvas pays $104.5M to PGIM for two rentals with 210 units in Gramercy October 22, 2024
• Storage Post pays $64M to Wildflower, Prudential for storage in Morrisania March 08, 2022
• Wildflower signs $25.4M refi loan with Santander for two warehouses in Morrisania June 07, 2021