Prudential says ‘we feel good’ about commercial real estate

Prudential Financial Inc., the US life insurer that predicted a rebound in commercial real estate in December, said the prospect of increased property values makes mortgage originations an attractive business. “We are happy to be a real estate lender at this point,” Bernard Winograd, the insurer’s executive vice president for US businesses, said today on a conference call with investors. “We feel good about the upside opportunity for valuations relative to the downside risk.” Prudential, the second-biggest US life insurer, had about $29.6bn of commercial mortgage and other loans at the end of 2009.

Most Popular Articles

Latest Articles

Test post for new category functionality HW+

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla in quam euismod, consectetur urna vel, placerat magna. Sed gravida, nisl eget rutrum porta, libero orci tristique neque, luctus lobortis massa felis sit amet ex. Curabitur ut dapibus enim. Fusce in placerat purus, a hendrerit tortor. Sed neque lorem, tincidunt sed magna suscipit, volutpat rutrum tellus. […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please