Prudential Financial to Develop South Carolina Apartments

Prudential Financial Inc. (PRU), the second-largest U.S. life insurer, said its real estate investment business will develop a luxury apartment project in Charleston, South Carolina on behalf of German investors.

Prudential Real Estate Investors and Greystar have formed a venture to develop the 200-unit, mid-rise facility, the Newark, New Jersey-based company said today in a statement distributed by Business Wire.

To contact the reporter on this story: Andrea Ludtke in New York at aludtke@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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