trending Market Intelligence /marketintelligence/en/news-insights/trending/tyyrm3afxi7-qajp27q9ng2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Los Angeles pension fund sells 50% of $500M multifamily real estate portfolio

Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021


Los Angeles pension fund sells 50% of $500M multifamily real estate portfolio

An institutional investor advised by PGIM Real Estate, Prudential Financial Inc.'s real estate investment arm, purchased half of a $500 million multifamily real estate portfolio from the Los Angeles County Employees Retirement Association, IPE Real Assets reported.

PGIM established a joint venture with a public pension fund to purchase a 50% interest in the five multifamily assets in the San Francisco Bay Area, which includes the 94-unit Arc Light and 196-unit Potrero Launch properties in San Francisco; the 143-unit Berkeley Central asset in Berkeley; the 166-unit One Hundred Grand property in Foster City; and the 146-unit Menlo Park property in Menlo Park.