PGIM Real Estate Forms $150 Million U.S. Cold Storage Joint Venture
Bridge Development Partners and PGIM Real Estate form $150 million joint venture to acquire and develop cold storage properties across the United States.
Core Plus Real Estate
Consistent current income with excess appreciation via manufacture-to-core strategies
Why Core Plus Real Estate?
Steady Income
- Durable cashflows from high-quality properties
Growth Potential
- Growth achieved via manufacture-to-core strategies
- Use low to moderate leverage to enhance returns
Diversification
- Attractive risk-adjusted returns across markets
- Minimize volatility by investing in sectors with low correlation
A Global Opportunity
- High-quality assets across geographies and sectors
Why PGIM Real Estate?
Defining Core Plus Since 1980
- Launched the first open-end United States core plus fund in 1980
- Specialist insights with extensive sourcing and execution capabilities across the U.S. and Europe
Actively Managed Exposure
- Providing access to diversified, high-quality assets
- Value creation through development and repositioning in growth markets and sectors
Global Scale & Regional Execution
- Experienced teams with access to a scaled global platform
- On-the-ground professionals in 32 cities around the word, with deep local market expertise
- Long-standing investing heritage: 50 years in the United States, 35+ in Europe and 25+ in Asia Pacific
Insights & News
PGIM Real Estate invests in the office and logistics sector in France for core plus and value-add pan-European funds
PGIM Real Estate has acquired three properties in France on behalf of investors in its core plus and value-add Pan-European discretionary funds.