- A refinancing in Australia for a portfolio of 36 properties through a partnership with two Australian Banks to provide fixed and floating rate loans on a pari passu basis. Eighty-nine percent of the portfolio is in Melbourne, Brisbane or Sydney, and, combined, it is 95 percent leased to more than 65 tenants.
- A $326.5 million loan for a portfolio of 37 properties across 12 markets in the United States. The portfolio of 66 buildings comprises 7.6 million square feet that are leased by 235 tenants.
- A $90 million 10-month forward commitment on eight properties in Chino, Calif. The properties are 100 percent occupied .
About PGIM Real Estate FinancePGIM Real Estate Finance, the commercial mortgage business of PGIM, the trillion-dollar global investment management business of Prudential Financial, Inc. (NYSE: PRU), is an international full-service, commercial and multifamily mortgage finance business with $88.4 billion in assets under management and administration as of March 31, 2017. Leveraging a 140-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS ®, Freddie Mac and specialized affordable housing programs; FHA; Prudential's general account; and other institutional investors. For more information, please visit pgimref.com. About PGIM With 14 consecutive years of positive third-party institutional net flows, PGIM, the global asset management businesses of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world, according to Pensions & Investments' May 2017 Money Manager Survey, with more than $1 trillion in assets under management as of March 31, 2017. PGIM's businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 16 countries across five continents. Prudential's additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about PGIM, please visit pgim.com. For more information about Prudential, please visit news.prudential.com.