May
12
PREI + (PREI) = PGIM RE
ByDue to great international growth, Prudential Real Estate Investors will soon operate under one brand at a global level.
Eric Adler, CEO, PREI
Madison, N.J.—Prudential Real Estate Investors, 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.
The company is the real estate investment management business of PGIM, which is in turn the global investment management business of Prudential Financial Inc. and one of the world’s largest asset managers, with more than $1 trillion in AUM as of March 31. PGIM is the world’s largest real estate investment manager, according to an October 2015 survey by Pensions & Investments and had about $150 billion in combined gross AUM and administration across real estate equity, debt and securities as of March 31…
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