Prudential Making a Big Bet on Lower-Income Housing

November 28, 2018

Wall Street Journal, Nov. 27, 2018--Peter Grant (subscription)
A venture led by Prudential Financial Inc. is spending nearly $600 million for 4,000 housing units aimed at lower-income workers, the latest sign that investors see bigger gains in lower-rent apartments than in the upscale ones that have led the recovery.

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