PGIM Real Estate completed the acquisition of Taronga Ventures.

PGIM Real Estate, a firm offering real estate equity, debt, and security investment strategies, completed the acquisition of Taronga Ventures, an investment firm. Financial terms were not disclosed. “Venture capital partners are critical to helping us scale our own innovation efforts and remain at the forefront of digital evolution.Our partnership with Taronga Ventures provides us with deep access to the firm’s insights and connections into regional real estate technology and innovation. This will allow us to quickly identify and adopt the best products available in a market that is becoming increasingly crowded and fragmented, for the benefit of our investors," Sara Shank, PGIM Real Estate Managing Director and Global Head of Innovation.