{"id":1004143863,"date":"2016-05-12T03:56:11","date_gmt":"2016-05-12T11:56:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004143863"},"modified":"2020-05-10T22:23:31","modified_gmt":"2020-05-11T06:23:31","slug":"prei-prei-pgim-re","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prei-prei-pgim-re\/","title":{"rendered":"PREI + (PREI) = PGIM Real Estate"},"content":{"rendered":"

By Scott Baltic, Contributing Editor<\/em><\/p>\n

\"Eric<\/a>

Eric Adler, CEO, PREI<\/p><\/div>\n

Madison, N.J.\u2014<\/strong>Prudential Real Estate Investors<\/a>, which operates as Pramerica Real Estate Investors outside of the Americas, Japan and Korea, will consolidate under one brand name as of next Monday, to henceforth be known as PGIM Real Estate in all the markets in which it operates worldwide.<\/p>\n

The company is the real estate investment<\/a> management business of PGIM, which is in turn the global investment management business of Prudential Financial Inc. and one of the world\u2019s largest asset managers, with more than $1 trillion in AUM as of March 31. PGIM is the world\u2019s largest real estate investment manager, according to an October 2015 survey by Pensions & Investments<\/a> and had about $150 billion in combined gross AUM and administration across real estate equity, debt and securities as of March 31.<\/p>\n

\u201cFor more than a decade, we have operated under two names. As our client base and investment activities have become more globally diversified, unifying our business under one name will allow us to simplify how our clients and partners interact with us in multiple geographies,\u201d Eric Adler, CEO of PREI, said in prepared statement.<\/p>\n

That global growth, PREI noted, has been such that over the last decade the number of countries in which its clients are domiciled has increased nearly four-fold, to 28 nations. Further, capital commitments from non-U.S. clients into PREI\u2019s core, core plus, value-add and high-yield debt strategies comprised about half of its new business during the last five years.<\/p>\n

\u201cIn recent years, as institutions have been under-invested in real estate versus their target allocations, we have seen capital flowing across borders into our regional and country real estate strategies,\u201d Adler continued. \u201cWe believe this trend will continue as investors seek attractive and diversified investment opportunities outside their domestic markets.\u201d<\/p>\n

Since 2014, more than one-third of capital raised by PREI has originated from global investors committing capital to real estate investment strategies that invest outside their home markets. More specifically, two-thirds of PREI\u2019s Asia Pacific clients have invested in U.S. real estate strategies and nearly half of PREI\u2019s European clients have committed capital to U.S., Asia Pacific and Latin American real estate strategies.<\/p>\n

The PGIM Real Estate name was chosen in conjunction with Prudential Investment Management\u2019s name change to PGIM in January 2016. In addition, PGIM\u2019s global commercial and agricultural real estate finance business will rename to PGIM Real Estate Finance in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"

Due to great international growth, Prudential Real Estate Investors will soon operate under one brand at a global level.<\/p>\n","protected":false},"author":882,"featured_media":1004517771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21808,16,21783,21742],"tags":[],"class_list":["post-1004143863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-featured","category-international","category-investment","category-latest"],"acf":[],"yoast_head":"\nPREI + (PREI) = PGIM Real Estate - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/prei-prei-pgim-re\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PREI + (PREI) = PGIM Real Estate\" \/>\n<meta property=\"og:description\" content=\"Due to great international growth, Prudential Real Estate Investors will soon operate under one brand at a global level.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/prei-prei-pgim-re\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-12T11:56:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T06:23:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Eric-Adler-CEO-PREI.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2692\" \/>\n\t<meta property=\"og:image:height\" content=\"3120\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prei-prei-pgim-re\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prei-prei-pgim-re\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"PREI + (PREI) = PGIM Real Estate\",\"datePublished\":\"2016-05-12T11:56:11+00:00\",\"dateModified\":\"2020-05-11T06:23:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prei-prei-pgim-re\\\/\"},\"wordCount\":419,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prei-prei-pgim-re\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Eric-Adler-CEO-PREI.jpg\",\"articleSection\":[\"Corporate Real Estate\",\"Featured\",\"International\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prei-prei-pgim-re\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prei-prei-pgim-re\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prei-prei-pgim-re\\\/\",\"name\":\"PREI + (PREI) = PGIM Real Estate - 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