• PGIM Real Estate Fund, managed by PGIM, completed its 10th property acquisition with the purchase of The Arbor, a 127-unit housing community in the Bronx, at a gross capitalization of USD 73.5 million.
• Capital deployed reached USD 260 million, with more than USD 632 million in gross property value as of April 30, 2026.
• The fund acquired the property in a joint venture with Fetner Properties through a sale and leaseback with Columbia University.
• Apartments are expected to be re-leased beginning in July 2026 while the property undergoes a value-add capital improvement program.
• The fund converted from a tender offer fund to an interval fund structure on April 30, 2026, adding mandatory quarterly repurchase offers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prudential Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260520170097) on May 20, 2026, and is solely responsible for the information contained therein.