DJM And PGIM Real Estate Acquire Long Beach Exchange

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The Street

By PR Newswire LOS ANGELES, Jan. 4, 2022 /PRNewswire/ — DJM , a California-based private equity real estate and development firm, today announced its acquisition of Long Beach Exchange (LBX) in partnership with PGIM Real Estate from Burnham-Ward Properties. Eastdil is credited with brokering the deal. As experts in retail, DJM will increase LBX’s value through best-in-class management, leasing, marketing and placemaking. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. Built in …

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