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PGIM Real Estate has provided $1.3 billion in core plus and high-yield financing this year, GlobeSt.com has learned exclusively. The milestone includes 19 transactions across the US, ranging from $12 million to $330 million in a variety of different asset classes.

“As cap rates have compressed, borrowers are increasingly seeking out core-plus and value-add real estate strategies because they see a greater ability to meet their return targets in those areas versus in the core space,” Marcia Diaz, PGIM Real Estate’s Head of U.S. Debt Originations, tells GlobeSt.com. “PGIM Real Estate has been able to respond to this borrower demand with the increased amount of capital we have available to deploy through our core-plus and high-yield products – accompanied by our increased risk appetite and ability to accommodate flexible borrower requirements.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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