Prudential Real Estate Investors raises $629 Million forSenior Housing Partners V

"Powerful demographic trends continue to support the high demand for

senior housing, while the supply remains constrained," said Noah Levy,

head of PREI's senior housing business. "As the overall economy

improves, we expect that senior housing will continue to benefit."

Consistent with prior Senior Housing Partners funds, SHP V will invest

in the independent, assisted living and memory care segments of the

senior housing industry. The fund will employ a flexible investment

strategy targeting direct acquisitions, forward commitments,

developments, mezzanine loans, and other opportunities.

The capital raise, which exceeded PREI's $500 million target, included

$430.5 million from 10 existing investors and $198.5 million from four

new investors, including U.S. public and corporate pension plans.

Prudential Real Estate Investors is the global real estate investment

business of Prudential Financial, Inc. (NYSE: PRU). Investing in real

estate on behalf of institutional clients since 1970, PREI today has

more than 650 employees located in 19 cities around the world, and gross

assets under management of $58.7 billion ($44.1 billion net) as of

December 31, 2014. PREI offers to its global client base a broad range

of real estate investment vehicles across the risk-return spectrum and

geographies, including core, core plus, value-add, opportunistic, debt,

securities, and specialized investment strategies. For more information,

visit www.prei.com.

Previous PREI Senior Housing Partners funds include: SHP I, which closed

in 1998, with approximately $183 million in commitments; SHP II, which

closed in 2001, with approximately $94 million in commitments; SHP III,

which closed in 2006, with approximately $371 million in commitments;

and SHP IV, which closed in 2011, with approximately $569 million in

commitments.

Investing in the sector since 1998, PREI has helped to pioneer the

dedicated senior housing investment strategy. PREI's Senior Housing

Partners team has invested approximately $2.6 billion in gross assets in

the senior housing sector, involving more than 140 properties and over

15,000 units throughout the United States.

MADISON, N.J.--(BUSINESS WIRE)--Prudential Real Estate Investors announced today that it hascompleted

the capital raise of Senior Housing Partners V (SHP V) with a total of

$629 million in capital commitments. SHP V is the fifth in a series of

dedicated, closed-end funds designed to capitalize on investment

opportunities in the growing senior housing industry. PREI is the real

estate investment and advisory business of Prudential Financial, Inc.

(NYSE: PRU).

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with

more than $1 trillion of assets under management as of December 31,

2014, has operations in the United States, Asia, Europe, and Latin

America. Prudential's diverse and talented employees are committed to

helping individual and institutional customers grow and protect their

wealth through a variety of products and services, including life

insurance, annuities, retirement-related services, mutual funds and

investment management. In the U.S., Prudential's iconic Rock symbol has

stood for strength, stability, expertise and innovation for more than a

century. For more information, please visit www.news.prudential.com.

"We are pleased with the strength of participation from PREI's existing

and new clients," added Kevin R. Smith, head of Americas for PREI. "The

successful capital raise is a testament to PREI's consistent senior

housing investment strategy, our longstanding relationships with leading

senior housing operators and developers, and our ability to deliver to

our clients attractive risk-adjusted returns driven by solid current

income."