PGIM finances Longpoint’s South Florida industrial portfolio

PGIM provided acquisition financing for Longpoint’s 26-building South Florida portfolio. CBRE states $180.2 million, a five-year fixed-rate loan with full-term interest-only payments; PGIM’s December 9 release states $180 million. The collateral spans Miami-Dade, Broward and Palm Beach counties. This is debt, not purchase equity, asset purchase price or fund capital raised.