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The real estate investment arm of Prudential attracted first-time limited partners to the fund partly on strong past performance.
The firm anticipates 90 percent of its activity will be in the Sunbelt, where it will allocate debt and equity.
The Commercial Real Estate Finance Counci’s executive director believes there’s a lot to be optimistic about going into 2022.
The firm seeks opportunities that are not treated efficiently in the capital markets.
The company signed up its first clients in December.
The platform initially enjoyed a boost from being active at a time when overall lending was down.
The New York firm has raised the largest dedicated US debt vehicle since the beginning of the pandemic.
The awards encompass activity in the 2021 calendar year and aim to honor stand-out organizations and transactions in 12 categories.
The firm expects to close one or two more deals before year end.
The Minneapolis lender believes having a smaller number of clients with bigger relationships is the best way forward.