PREI Establishes $810M RE Fund

New Jersey-basedPrudential Financial’s unit,Prudential Real Estate Investors, (PREI)has raised a new $810 million closed-end fund,GlobeStreports. ThePramerica Real Estate Capital Onefund will offer financing for commercial property transactions and will primarily focus on assets in the U.K. and Germany.

The fund has received investments from global institutions, including pension funds and sovereign wealth funds from North America, Europe, the U.K. and the Middle East. The company will seek real estate investors, focusing on medium to large public and private property companies, private equity funds as well as real estate investment managers.

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