An institutional investor is using the financing to acquire 11 properties totaling 4 million square feet. : An institutional real estate investor has received a $408 million senior loan facility from PGIM Real Estate to acquire a portfolio of 11 Class A industrial sites across California, Texas, Ohio, Florida and New Jersey. The loan was made as part of PGIM Real estate’s U.S. core plus debt strategy and has a four-year term with two one-year extension options.