The strategic partnership is the first investment the Investcorp Strategic Capital Group has made into a real estate manager.
Lenders are hopeful but cautious as the covid-19 pandemic drags on.
The firm is seeing distress creep in as the covid-19 pandemic continues to tamp down recovery.
Increased lending caps from GSEs will boost affordable housing sustainability, PGIM's director says.
The investment will help to drive product development.
The company anticipates lending volume of about $1.5bn in 2021.
Institutional allocations are also favoring this segment of the credit markets.
The Chicago multifamily office believes that its low leverage and high-quality locations allow conservative lenders to get comfortable with the risks.
The firm, along with partner Greystar, recently broke ground on a suburban Denver apartment development.
The debt fund manager has originated about $2.5bn of new loans so far this year.