Stephen Bailey
(Steve Bailey)
Managing Director And Head Of Pgim Real Estate Debt Strategies
Prudential Financial
(Prudential Financial, Prudential Insurance Company of America, Prudential Real Estate Investors)
Lender
2100 Ross Ave #2500 Dallas, TX 75201
4350 Fairfax Dr #700 Arlington, VA 22203
Prudential Financial NYC portfolio
$188.9 million -office 100%; Manhattan 100%*
1008th largest portfolio by dollar value
471,128 sqft – office 100%; Manhattan 100%
875th largest by SF
Person Activity past 24 months:
Seller signatory: 1 for $3.1 million
Lender signatory: 3 for $172 million
Top Ten Associated Companies:
Carlyle Group (3), Sabharwal Properties (1), Jacob Fulop (1)
Top Ten Associated People:
Jason Hart (2), Jacob Fulop (1), Wonjoong Kim (1)
Recent activity as signatory:
• Steve Bailey sold 726 Franklin Avenue for $3.1 million to Jacob Fulop on September 18, 2025.
• Carlyle Group borrowed $83 million from Prudential Financial for 87-19 120 Street on April 12, 2024.
• Carlyle Group and Sabharwal Properties borrowed $71 million from Prudential Financial for 72 Caton Place on March 27, 2024.
• Carlyle Group borrowed $18 million from Prudential Financial for 72 Caton Place on March 27, 2024.
Latest Stories:
• Jacob Fulop pays $3.1M for mixed-use in Crown Heights (October 01, 2025)
• Carlyle signs $83M acquisition loan with Prudential for storage in NYC (May 01, 2024)
• Carlyle buys storage building for $50.4M, last in 4-building, $110M deal (April 26, 2024)
• Carlyle Group pays $14.5M to Equity Resource, SNL for storage in East Flatbush (April 23, 2024)
• Carlyle Group signs $18M refi loan with Prudential for storage in Windsor Terrace (April 02, 2024)