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Stock impact report

Lincoln Property Company and PGIM Launch Strategic Partnership to Scale Outpatient Medical Investments

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Business Wire
DALLAS & NEWARK, N.J.--(BUSINESS WIRE)--Lincoln Property Company (“Lincoln”), a global, full-service real estate firm, and PGIM’s real estate business (“PGIM”), the world’s third largest real estate investment manager, today announced the formation of a strategic joint venture partnership to pursue outpatient medical investments across the United States. The joint venture extends Lincoln and PGIM’s longstanding relationship and underscores a shared commitment to expanded healthcare real estate investment, uniting Lincoln’s extensive operational expertise within the sector and PGIM’s financial strength from over 55 years of successful real estate investment across diversified strategies and $213 billion of current AUM.The joint venture was arranged by BlackBirch Capital, and it establishes a multi-year, national investment vehicle aimed at driving sustained growth and meaningful scale for both partners in the healthcare real estate sector. The partnership was formed to aggregate a Show less Read more
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