PGIM Real Estate acquires 15-building US industrial portfolio for $425 million
On behalf of its U.S. core real estate strategy, PGIM Real Estate has acquired a 15-building industrial portfolio for a total value of $425 million.
As the COVID-19 pandemic has accelerated the continued rise of e-commerce and distribution demand across the United States, our flagship U.S. equity core real estate fund has been making several strategic investments in industrial portfolios that are expected to benefit from long-term market growth.
Key investments include:
On behalf of its U.S. core real estate strategy, PGIM Real Estate has acquired a 15-building industrial portfolio for a total value of $425 million.
On behalf of its U.S. core real estate strategy, PGIM Real Estate has acquired a 30-property industrial portfolio totaling 5.4 million square feet.
PGIM Real Estate has acquired a four-building 2.2-million-square-foot industrial portfolio for $275 million from Bridge Development Partners.