{"id":243311,"date":"2026-05-25T21:46:13","date_gmt":"2026-05-25T21:46:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/243311\/"},"modified":"2026-05-25T21:46:13","modified_gmt":"2026-05-25T21:46:13","slug":"pgim-acquires-bronx-multifamily-student-housing-leaseback-property-from-columbia-university","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/243311\/","title":{"rendered":"PGIM Acquires Bronx Multifamily Student Housing Leaseback Property from Columbia University"},"content":{"rendered":"<p>            <a href=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/05\/Untitled-April-05-2026-at-15.21.04-8.jpeg\" data-caption=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"365\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/05\/Untitled-April-05-2026-at-15.21.04-8.jpeg\" alt=\"The Arbor\" title=\"The Arbor\"\/><\/a><\/p>\n<p><a href=\"https:\/\/www.pgim.com\/\" target=\"_blank\" rel=\"noopener nofollow\">PGIM<\/a>, the $1.4-trillion global investment management business of Prudential Financial, Inc., said that the PGIM Real Estate Fund, Inc. has completed its 10th property acquisition with the purchase of <a href=\"https:\/\/residential.columbia.edu\/content\/3260-henry-hudson-parkway\" target=\"_blank\" rel=\"noopener nofollow\">The Arbor<\/a>, a 127-unit housing community at 3260 Henry Hudson Pkwy. in the Riverdale neighborhood in the Bronx, at a gross capitalization of $73.5 million<\/p>\n<p>The fund acquired the asset in a joint venture with Fetner Properties through a sale-leaseback with the seller, Columbia University, which uses it to house students, faculty and staff. Beginning in July 2026, apartments are expected to be re-leased in two phases and undergo a value-add capital improvement program.<\/p>\n<p>\u201cReaching 10 property acquisitions, $260 million in capital deployed and over $632 million in gross property value are important proof points for this fund and for our broader commitment to opening institutional-quality private real estate to a wider pool of investors,\u201d said Darin Bright, senior portfolio manager for the PGIM Real Estate Fund.<\/p>\n<p><a class=\"gofollow\" data-track=\"MjQ1LDYsNjA=\" href=\"http:\/\/umadvisory.org\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2025\/10\/UMA-digi-ad-leaderboard.jpg\" title=\"UMAdvisory\" border=\"0px\"\/><\/a>        <\/p>\n","protected":false},"excerpt":{"rendered":"PGIM, the $1.4-trillion global investment management business of Prudential Financial, Inc., said that the PGIM Real Estate Fund,&hellip;\n","protected":false},"author":2,"featured_media":243312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[5020,128,17385,2003,19036,95063,2008,95064,95065,9,24,12,63,39563,22459,129,131,130,2010,73995],"class_list":["post-243311","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-bronx","tag-acquisition","tag-bronx","tag-bronx-new-york","tag-deal-boom","tag-joint-venture","tag-leaseback","tag-multifamily","tag-multifamily-fund","tag-near-campus","tag-new-york","tag-new-york-city","tag-news","tag-nyc","tag-pgim","tag-student-housing","tag-the-bronx","tag-the-bronx-headlines","tag-the-bronx-news","tag-transit-oriented","tag-value-add"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/243311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=243311"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/243311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/243312"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=243311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=243311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=243311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}