NEWARK, N.J. - Prudential Mortgage Capital Company has closed a $108 million loan on behalf of its general account client for a portfolio of retail properties owned by Kimco Realty Corporation. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

The portfolio consists of seven grocery-anchored retail centers and one non-grocery-anchored community center located in Florida, New Hampshire, New Jersey, North Carolina, Pennsylvania and Texas. Constructed between 1967 and 2002, the properties total more than 1.5 million square feet.

Tom Goodsite, a principal in Prudential Mortgage Capital’s Atlanta office, arranged the seven-year fixed-rate loan.

"We were delighted to work with Kimco Realty on this transaction, which was an excellent investment opportunity for Prudential Mortgage Capital because of the borrower’s real estate expertise and the portfolio’s strong grocery-anchored properties," said Goodsite. "We look forward to working with Kimco over the life of this loan and remain committed to providing excellent service to our borrowers."

Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with $62 billion in assets under management and administration as of June 30, 2009. Leveraging a 130-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS™, FHA and Freddie Mac Targeted Affordable programs; Prudential’s general account; and other institutional investors. For more information, please visit www.prumortgagecapital.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $580 billion of assets under management as of June 30, 2009, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The Company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit www.news.prudential.com.

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