Lynn deCastro
Executive Director
PGIM Real Estate
(Prudential Financial, Prudential Insurance Company of America, Prudential Real Estate Investors)
2100 Ross Ave #2500 Dallas, TX 75201
4350 Fairfax Dr #700 Arlington, VA 22203
PGIM Real Estate NYC portfolio
$1.1 billion -condo 83%, office 8%, elevator 5%; Manhattan 94%, Bronx 5%*
215th largest portfolio by dollar value
1,479,332 sqft – condo 67%, elevator 16%, office 15%; Manhattan 83%, Bronx 16%
335th largest by SF
5 properties – Manhattan 83%, Bronx 16%
1817th largest
127 residential units – Bronx 100%
1530th largest by residential units
Person Activity past 24 months:
Seller signatory: 2 for $252 million
Top Ten Associated Companies:
Canvas Property Group (1), Williams Equities (1), Storage Post (1)
Top Ten Associated People:
Robert Morgenstern (1), William E. Stempel (1), William A. Palmer III (1)
Recent activity as signatory:
• PGIM Real Estate and SJP Properties sold 45 East 31 Street for $147.5 million to Williams Equities on December 30, 2024.
• PGIM Real Estate sold 224 East 22 Street for $104.5 million to Canvas Property Group on October 16, 2024.
• Wildflower Ltd. and Prudential Financial sold 435 East 165 Street for $64 million to Storage Post on March 01, 2022.
Latest Stories:
• Williams Equities pays $147.5M to PGIM, SJP for office on Park Avenue South (January 09, 2025)
• Storage Post signs $42.6M refi loan with Nuveen for storage in Morrisania (November 22, 2024)
• Canvas pays $104.5M to PGIM for two rentals with 210 units in Gramercy (October 22, 2024)
• Storage Post pays $64M to Wildflower, Prudential for storage in Morrisania (March 08, 2022)
• Wildflower signs $25.4M refi loan with Santander for two warehouses in Morrisania (June 07, 2021)