The Arbor Acquired by PGIM Real Estate Fund | Real Estate Services M&A Deal

PGIM Real Estate Fund has completed the acquisition of The Arbor, a property management business in New York, for $73.5 million. The Arbor provides real estate services focused on managing residential housing assets, supporting day-to-day operations and tenant services in the NY market. PGIM Real Estate Fund acquisitions in property management acquisition expand its platform acquisition footprint and strengthen service capabilities across real estate services deals NY. The closed platform acquisition is valued in the $50M–$100M range and represents a private equity acquisition by a joint venture, with the goal of scaling management operations for Riverdale Housing.