PGIM Real Estate provides USD 230 million floating-rate financing to Madison Capital, Cerberus for self-storage portfolio refinance

PRU•2026-09-22

PGIM Real Estate provides financing for self-storage portfolio refinance

PGIM’s real estate investment group provided USD 230 million of floating-rate financing to affiliates of Madison Capital Group and Cerberus.

The loan refinanced a national self-storage portfolio of 28 properties totaling about 2.5 million square feet.

Collateral spans 10 states and 16 MSAs, concentrated in Sun Belt markets.

Sources

PGIM Real Estate provides USD 230 million floating-rate financing to Madison Capital, Cerberus for self-storage portfolio refinance

Publicnow

PGIM Real Estate provides USD 230 million floating-rate financing to Madison Capital, Cerberus for self-storage portfolio refinance

PGIM Real Estate provides financing for self-storage portfolio refinance

Related News

Cognyte signs about $20 million expansion deal with EMEA national security agency

Kazia says Sovargen doses first patient in Phase 1b/2a paxalisib trial for rare seizure disorders, triggers $2 million payment

Health Canada approves Rhythm Pharma’s IMCIVREE for acquired hypothalamic obesity weight management

Sources

PGIM Real Estate provides USD 230 million floating-rate financing to Madison Capital, Cerberus for self-storage portfolio refinance

Everest Group, Ltd. <EG.N>: RBC initiates coverage with outperform rating; price target $455

Venu partners with Hunt Sports, Peak Curated to develop mixed-use district at Toyota Stadium in Frisco, Texas