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Retail Rebound Fuels $292 Million Loan From PGIM Real Estate

Life Insurer Provides Portion of Financing for Acquisition of Grocery-Anchored Portfolio
Progress Ridge TownSquare in Beaverton, Oregon, was one of the 14 shopping centers financed. (Tim Acock/CoStar)
Progress Ridge TownSquare in Beaverton, Oregon, was one of the 14 shopping centers financed. (Tim Acock/CoStar)
CoStar News
September 27, 2022 | 7:02 P.M.

PGIM Real Estate has provided $292 million in floating rate financing on behalf of its U.S. core lending strategy to Global Retail Investors for the acquisition of a retail portfolio spread across California and Oregon.

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