PGIM Real Estate has provided $100 million in fixed-rate financing to Beacon Partners for an industrial portfolio located in the Charlotte and Raleigh markets of North Carolina.
The portfolio consists of 11 fully occupied industrial properties totaling 1,550,685 square feet, along with one industrial outdoor storage property. All assets are strategically situated in infill locations, contributing to the portfolio’s consistent high occupancy levels and strong rental rate growth.
“These are two of the fastest-growing markets in the Southeast,” said Trace Wilson of PGIM. “There is robust demand for well-located logistics and industrial space, driven by population growth, infrastructure investment, and shifts in the supply chain.”
PGIM Real Estate is one of the largest real estate investment managers globally, with $206 billion in gross assets under management and administration. The firm operates with real estate professionals based in 35 cities around the world.
