Paul Hastings represents PREI in closing USD805m real estate debt fund
Law firm Paul Hastings has represented Prudential Real Estate Investors (PREI) in securing USD805m of discretionary capital for its Prudential US Real Estate Debt Fund.
After targeting USD500m in capital commitments, the fund exceeded its target by raising more than USD800m from a group of prominent global institutional investors.
The fund will target debt investments in both new originations and secondary acquisitions secured by institutional quality income producing properties throughout the US.
Private investment funds partner Joshua Sternoff led the Paul Hastings team, which also included tax partner Kristen Chang Winckler, private investment funds partner Tom Rao, and private investment funds associate Joseph Reiss.
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