NEW YORK–(BUSINESS WIRE)–Feb 8, 2021–
PGIM Real Estate completed nearly US$30 billion in transactions worldwide in 2020. The volume represents a total of 911 transactions and includes $10.2 billion in real estate equity investments and dispositions on behalf of third-party investors, in addition to $19.5 billion in real estate financing. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ).
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President and CEO, PGIM Real Estate (Photo: Business Wire)
“While COVID-19 brought on challenges in 2020 that we couldn’t have anticipated or specifically planned for, PGIM Real Estate has been preparing for a market downturn for the past several years,” said Eric Adler, president and CEO of PGIM Real Estate. “We entered the pandemic from a position of exceptional strength and resiliency, with rigorous investment and operational risk infrastructure in place globally and considerable liquidity across our debt and equity businesses.”
The total transaction volume includes approximately $25.3 billion through 835 transactions in