NYSE:PRUInsurance
Prudential Financial Expands Real Assets And Reinsurance As Valuation Stays Debated
PGIM Real Estate Fund, part of Prudential Financial (NYSE:PRU), completed its 10th acquisition with the purchase of The Arbor residential community in the Bronx.
The acquisition comes after the fund converted its structure to offer investors improved liquidity options.
Prudential affiliate Prismic Life closed an oversubscribed capital raise totaling US$1.9b to support its reinsurance activities.
For investors tracking NYSE:PRU, these developments sit at the intersection of two core lines of...