PGIM, Hanover Acquire 396-Unit Apartment Community in Houston

HOUSTON — A joint venture between PGIM Real Estate, the asset management arm of Prudential Financial Inc. and Houston-based investment firm Hanover Co. has acquired Hanover Hermann Park, a 396-unit, Class A multifamily community in Houston. Formerly known as Mosaic at Hermann Park, the 29-story property is located at 5927 Almeda Road near the Texas Medical Center on the city’s south side. Amenities include 20,087 square feet of ground-floor retail space, a 6,500-square-foot sky lounge overlooking Hermann Park, a 6,000-square-foot fitness center, pool with cabanas and a dog park.