PGIM and Domain Real Estate Partners surpass $4bn in US land-banking transactions
Seven residential land bank transactions have now been completed with national homebuilders.
PGIM and Domain Real Estate Partners have passed $4bn of funding for new US land-banking projects, across seven residential land bank transactions, in an announcement dated 26 May.
Land banking provides structured, asset-level financing for residential land acquisition and development, and the two partners describe the transactions as flexible, nonbank capital for national homebuilders at a time of continued housing…
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