PGIM Real Estate's U.S. Sustainable Investing Strategy Selected as Winner of PREA 2024 ESG Momentum Award
The PREA ESG Momentum award recognizes industry-leading and innovative approaches to ESG issues among real estate strategies.
Dec 17, 2019
1 min
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.
The PREA ESG Momentum award recognizes industry-leading and innovative approaches to ESG issues among real estate strategies.
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