PGIM Starts $500 Million Joint Venture to Buy Multifamily Debt - Bloomberg

PGIM Real Estate, the $206 billion property arm of Prudential Financial Inc.’s asset manager, is teaming up with Citymark Capital to deploy $500 million to buy multifamily loans. The joint venture

PGIM Real Estate, the $206 billion property arm of Prudential Financial Inc.’s asset manager, is teaming up with Citymark Capital to deploy $500 million to buy multifamily loans.

The joint venture will acquire both performing and non-performing debt, according to a statement Tuesday.

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PGIM Starts $500 Million Joint Venture to Buy Multifamily Debt - Bloomberg