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David Durning

NEWARK, NJ–PGIM Real Estate Finance, the commercial mortgage business of PGIM, reports that it originated $8.1 billion in commercial mortgage financing in the first half of 2018, much of it propelled by the industrial asset class with lending up 33% compared to the same period last year. PGIM Real Estate Finance expects this trajectory to continue. “In the second half of the year, we plan to build on this momentum and target key sectors such as industrial and multifamily, which we believe will be the best performers at this point in an elongated real estate cycle,” David Durning, CEO of PGIM Real Estate Finance, says in a prepared statement.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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