PGIM Real Estate provided a $41m loan facility to Dalfen Industrial, a US real estate investment manager, for the acquisition of three industrial assets based in Las Vegas and Chicago.
The loan facility has a three-year term with two one-year extension options.
Companies:PGIM Real Estate
Sale will allow affiliate to redeploy capital into key conviction sectors, including prime London offices, UK single-family housing and urban warehousing
Private credit/debt investments are roughly half US/European levels, agency adds
China's NFRA, PboC and CSRC are behind sci-tech and investors should take note
New regulations are due to take effect next January
Acquires 650-mile network in US Midwest
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