PGIM Real Estate provides $141M in floating-rate financing for affordable housing portfolio in the Bronx
This affordable housing portfolio comprises 2,021 units across 34 properties, totaling 2.1 million square feet, located in the northern Bronx.
May 16, 2024
With energy demand rising, traditional fuel sources will continue to play an important role in the energy mix for decades to come, while the shift towards electrification creates an array of attractive investment opportunities. Pensions & Investments published an article highlighting this and more insights from PGIM’s Megatrends research, Fueling the Future, on the evolution of the energy system and the broad implications for investors.
Navigating an unprecedented and uncertain energy landscape is critical for long-term investors.
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This affordable housing portfolio comprises 2,021 units across 34 properties, totaling 2.1 million square feet, located in the northern Bronx.
The strategic move reinforces PGIM’s long-term partnership with National Pension Service (NPS) in South Korea, the world’s third-largest pension fund.
Rory Morrison will have strategic and operational oversight of PGIM Real Estate’s European Core, European Core Plus and UK Affordable Housing strategies.