NEWARK, N.J., Aug. 20, 2026 – PGIM’s Real Estate Investment Group has provided $136.3 million in floating-rate financing to Bedrock Communities on behalf of its core-plus debt strategy for a seven-asset manufactured housing portfolio across central Florida. The portfolio comprises 1,577 sites.
“We are pleased to provide financing for this manufactured housing portfolio in central Florida, a market supported by strong demand for attainable housing and favorable demographic trends,” said Trevor Arnholt, executive director at PGIM. “Manufactured housing continues to play an important role in addressing housing needs across the state, and this transaction reflects our conviction in the sector. With this closing, PGIM has now provided more than $430 million in financing across five loans with Bedrock Communities over the past two years, underscoring the strength of our long-standing relationship and our ability to deliver customized financing solutions for experienced operators.”
“Our work with Bedrock has continued to grow across Fund II, Fund III, and now Fund IV, reflecting our ability to evolve alongside their capital needs,” said Eric Jones, executive director at PGIM. “Having completed transactions with three different Bedrock investment funds, this relationship underscores the breadth of PGIM’s platform and our ability to deliver flexible capital solutions as our clients grow.”
“Central Florida is exactly where we want to be adding communities, and a portfolio of this quality rarely comes available in one piece,” said
Paul Gojkovich, founder and managing partner of Bedrock Communities. “PGIM understood the business plan and structured around it, moving on the timeline the opportunity demanded and getting creative where the deal required it. That’s what let us pursue all seven properties at once, and it gives us real runway to invest in the homes and amenities our residents care about. PGIM has done it for us across three funds now — that certainty of execution is how we’ve built one of the largest privately held manufactured housing platforms in the Southeast.”
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.5 trillion in assets under management.1 PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate, and alternatives. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
ABOUT BEDROCK COMMUNITIES
Founded in 2014, Bedrock Communities is a vertically integrated owner and operator of manufactured housing communities across Florida and the southeastern United States. Since inception, the firm has acquired more than 45 communities representing over $800 million of real estate and 7,500+ homesites, managed by a team of 65+ professionals across its Westport, Connecticut, headquarters and Tampa-based property management platform. With a focus on affordability, community, and long-term value creation for all its stakeholders, Bedrock invests in well-located communities and enhances the resident experience — strengthening neighborhoods and fostering lasting connections.
1As of June 30, 2026.
The information contained herein is provided by PGIM, the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc., and its global subsidiaries and affiliates.
Please visit the Important Disclosures page on pgim.com for additional information.
This information is for informational purposes only and does not constitute investment advice, a recommendation, or a solicitation where prohibited. Certain information has been obtained from sources that PGIM believes to be reliable as of the date presented; however, PGIM does not guarantee its accuracy or completeness. Information may be changed without notice, and PGIM has no obligation to update it.
PGIM and its affiliates may develop and publish research that is independent of and different from the information contained herein.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
The brand “PGIM” (and the formerly-used brand “PGIM Real Estate”) encompass both (1) a real estate fund advisory business headquartered in Newark, New Jersey, which operates as a business unit of PGIM, Inc., an SEC-registered investment adviser organized as a New Jersey corporation, formerly under the name “PGIM Real Estate,” and (2) a commercial real estate debt origination and asset management platform which operates through a separate, affiliated legal entity known as PGIM Real Estate Finance, LLC (“PGIM REF”), a Delaware limited liability company. Several officers of PGIM REF are also associated with PGIM, Inc., and, from time-to-time, may provide services to PGIM in their capacities as officers of PGIM that are separate and distinct from the services they provide as officers of PGIM REF. PGIM Real Estate Finance, LLC is registered with the California Department of Financial Protection & Innovation under license number 60DBO-105210. Loans made or arranged pursuant to a California Finance Lenders Law license.
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