PGIM Real Estate to acquire Signature Senior Lifestyle.

PGIM Real Estate, a real estate firm, agreed to acquire Signature Senior Lifestyle, an owner, developer and operator of senior housing. Financial terms were not disclosed. “This is a landmark deal for the UK senior living sector and a hugely attractive growth opportunity for us, which strengthens our European value-add portfolio. Working with Elevation, we are confident we can add value to Signature on behalf of our investors. Being one of the largest real estate investors globally, we are seeing real estate markets stabilise, and we maintain our conviction in the UK following the reset in valuations over the last two years,” Nabil Mabed, PGIM Real Estate Senior Portfolio Manager of European value-add strategy.