PGIM Real Estate announces senior appointments in Europe
PGIM Real Estate continues to strengthen its European platform with several senior appointments across Europe to position the firm for further growth ahead.
December 17, 2019 – PGIM Real Estate has sold a portfolio of 11 senior housing properties managed by Brightview Senior Living and located throughout the Northeast and Mid-Atlantic U.S. PGIM Real Estate is the real estate investment business of PGIM, the $1.2 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
The sale was executed by SHP IV, the fourth in PGIM Real Estate’s series of dedicated closed-end funds designed to capitalize on opportunities in the senior housing sector. SHP IV closed in 2012 with approximately $569 million in commitments from institutional investors.