NEWARK, N.J., Feb. 3, 2026 – PGIM’s real estate business originated approximately $721 million in debt financing across 11 senior housing transactions totaling nearly 3,000 units in 2025, supporting acquisitions and refinancings for leading operators and sponsors across the U.S. The activity underscores PGIM’s ability to provide capital across core, core-plus, and agency executions for high-quality senior housing assets.

“Senior housing fundamentals continued to improve throughout 2025, supported by favorable demographics, stabilizing operating performance, and renewed transaction activity,” said Trace Wilson, executive director at PGIM. “Our production reflects strong demand for flexible, reliable capital across the risk spectrum and our ability to tailor financing solutions to sponsor objectives.”

During the year, PGIM’s real estate business completed five acquisition financings and six refinancings, providing capital for both single-asset and portfolio transactions. Senior housing units were financed across five U.S. regions, including the West, Midwest, Northeast, Southeast, and Southwest. The firm also executed three portfolio transactions encompassing 14 properties and nearly 1,800 units, underscoring its ability to scale capital solutions for institutional sponsors.

Execution types in 2025 included core and core-plus private financing as well as agency executions through Freddie Mac, enabling sponsors to pursue acquisitions, recapitalizations, and balance sheet optimization in a higher-for-longer interest rate environment.

Notable 2025 Senior Housing Transactions:

• Southern California: $45.7 million acquisition financing for a 153-unit core asset sponsored by Harrison Street Asset Management.
• Trulee Evanston: $50 million refinance of a 160-unit core-plus senior housing property in Evanston, Illinois, sponsored by AEW Capital Management and Solera Senior Living.
• Three-property portfolio in the Northeast: $110.2 million acquisition financing across three properties totaling 254 units in New Jersey and New York.
• Two-property portfolio in Illinois and Tennessee: $105 million acquisition financing for a 385-unit two-property portfolio in Illinois and Tennessee.
• Nine-asset portfolio: $146.1 million Freddie Mac refinance across nine senior housing communities sponsored by Brookdale Senior Living.
• Aegis Corte Madera: $60.5 million Freddie Mac refinance for a 118-unit senior housing community in Corte Madera, California, sponsored by Blue Moon Capital Partners and Aegis Senior Living.

As senior housing continues to benefit from long-term demographic tailwinds and improving operating fundamentals, PGIM remains focused on providing reliable, flexible capital solutions tailored to sponsor objectives. The firm expects financing demand to remain active as owners seek long-term partners capable of executing across asset profiles, geographies, and market conditions.

ABOUT PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU) is built on a 150-year legacy of strength, stability, and disciplined risk management through more than 30 market cycles. Managing $1.5 trillion in assets,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 1,400+ investment professionals across 41 offices in 20 countries, we serve retail and institutional clients worldwide. For more information visit pgim.com.

PGIM’s real estate business is the world’s second-largest real estate investment manager, with $216 billion in gross assets under management and administration,² and real estate professionals located in more than 30 cities worldwide. Through its full suite of real estate equity and debt solutions, PGIM aims to achieve exceptional outcomes on behalf of investors and borrowers. PGIM’s uncompromising commitment to building lasting relationships with clients is founded on trust, transparency, and mutual respect.

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.

¹ As of Sept. 30, 2025.

² As of Sept. 30, 2025, net AUM is $139 billion and AUA is $49 billion. PGIM’s real estate business is the second-largest real estate investment manager (out of 63 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments’ “Largest Real Estate Investment Managers” list published November 2025. This ranking represents AUM as of June 30, 2025. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.

PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. PGIM, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (the “SEC”). Registration with the SEC does not imply a certain level of skill or training. 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. Prudential, PGIM, their respective logos and the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide. In the United Kingdom, information is issued by PGIM Fund Management Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Fund Management Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 181389). These materials are issued by PGIM Fund Management Limited to persons who are professional clients as defined under the rules of the FCA. In the European Economic Area (“EEA”), information is issued by PGIM Luxembourg S.A. with registered office: 2, boulevard de la Foire, L1528 Luxembourg. PGIM Luxembourg S.A. is authorized and regulated by the Commission de Surveillance du Sector Financier in Luxembourg (registration number A00001218) and operating on the basis of a European passport. In certain EEA countries, this information, where permitted, may be presented by either PGIM Fund Management Limited or PGIM Limited in reliance of provisions, exemptions, or licenses available to either PGIM Fund Management Limited or PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. PGIM Limited and PGIM Fund Management Limited have their registered offices at: Grand Buildings, 1-3 Strand, Trafalgar Square, London WC2N 5HR. PGIM Limited is authorized and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number: 193418). PGIM Fund Management Limited is authorized and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number: 181389). These materials are issued by PGIM Luxembourg S.A., PGIM Limited or PGIM Fund Management Limited to persons who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II) and/or to persons who are professional clients as defined under the rules of the FCA. PGIM operates in various jurisdictions worldwide and distributes materials and/or products to qualified professional investors through its registered subsidiaries and affiliates including, but not limited to: PGIM Real Estate (Japan) Ltd. in Japan; PGIM (Hong Kong) Limited in Hong Kong; PGIM (Singapore) Pte. Ltd. in Singapore; PGIM (Australia) Pty Ltd in Australia; PGIM Luxembourg S.A., and PGIM Real Estate Germany AG in Germany. For more information, please visit pgim.com.

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. 

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