Milestone underscores continued expansion of PGIM’s private asset-based finance platform
NEWARK, N.J., May 26, 2026 – PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), and Domain Real Estate Partners, LLC (“Domain”) have surpassed $4 billion in funding for new land banking projects in the U.S. PGIM and Domain have completed seven residential land bank transactions, providing flexible, nonbank capital solutions to national homebuilders at a time of continued housing undersupply and tightening traditional credit conditions.
This milestone underscores the continued expansion of PGIM’s private asset-based finance (ABF) platform. In addition to residential land banking, the firm has executed transactions across consumer credit, residential mortgages, fund finance, commercial finance and digital infrastructure.
“Asset-based finance represents one of the most compelling growth opportunities across today’s credit landscape,” said Gabriel Rivera, co-head of securitized products at PGIM, which includes both public and private ABF markets. “The breadth and scale of our integrated ABF platform enable us to deliver lending solutions to end-borrowers in a way that few alternative lenders can.”
Oliver Nisenson, head of private asset-based finance at PGIM, added, “We continue to see strong and growing demand from borrowers for tailored, asset-based financing solutions across a range of sectors. Our partnership with Domain allows us to deliver capital solutions for homebuilders outside of traditional bank financing to help accelerate housing development in the U.S.”
Land banking provides structured, asset-level financing for residential land acquisition and development.
“Together with PGIM, we have made great progress in our mission to connect the best homebuilders with the best capital through flexible, reliable financing solutions,” added Bob Clark, Domain’s founder and CIO.
PGIM’s securitized product platform has grown to $163 billion and is part of PGIM’s $1.2 trillion credit investment group, offering clients access to public and private markets across a comprehensive range of investment types built to meet clients’ specific needs and risk and liquidity preferences.*
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.4 trillion in assets under management.* 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.
Please refer to the Terms and Conditions on pgim.com for important information.
© 2026 PFI and its related entities, registered in many jurisdictions worldwide.
ABOUT DOMAIN REAL ESTATE PARTNERS, LLC
Domain Real Estate Partners (“Domain”) is a trusted capital partner to the U.S. homebuilding industry. Since our inception in 2015, we’ve financed over 720 projects totaling ~$16 billion in project costs, with more than $6 billion currently deployed across our portfolio. With a focus on residential land acquisition and horizontal development, we provide flexible financing to the nation’s leading homebuilders and lot developers. The Domain team sources, underwrites, closes, and manages every deal, providing tailored partner-first solutions.
*As of March 31, 2026.
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