11 April 2012

PREI raises $568 million from institutional investors for its newest senior housing fund

PARSIPPANY, N.J., April 11, 2012 - Prudential Real Estate Investors has completed the final close for its fourth senior housing fund, Senior Housing Partners IV, bringing the total amount to $568 million of discretionary capital secured from institutional investors. This is the largest senior housing fund ever for the firm. PREI® is the real estate investment and advisory business of Prudential Financial, Inc. (NYSE: PRU). (more)
17 February 2012

PREI forms joint venture with Greystar to develop South Carolina multifamily project

PARSIPPANY, N.J., February 17, 2012 - Prudential Real Estate Investors and Greystar have formed a joint venture to develop a 200-unit Class-A, mid-rise luxury apartment community in downtown Charleston, S.C. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU). (more)
25 January 2012

PREI announces leadership changes

PARSIPPANY, N.J., January 25, 2012 - Prudential Real Estate Investors today announced several changes to its senior leadership team, including establishing a succession plan for its global chief operating officer, naming a leader for the newly formed global client services team and announcing a new head of its U.S. business. (more)
11 January 2012

PREI acquires Texas luxury hotel

PARSIPPANY, N.J., January 11, 2012 - Prudential Real Estate Investors, in a new joint venture with Lodging Capital Partners, has acquired the Austin Four Seasons, a 291-room luxury hotel located in downtown Austin, Texas. PREI, acting on behalf of institutional investors in its core real estate fund, is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU). (more)
28 November 2011

PREI acquires Class A Chicago office property

PARSIPPANY, N.J., November 28, 2011 - Prudential Real Estate Investors has acquired 22 West Washington, a Class A office building located in downtown Chicago’s Central Loop for $183.5 million. PREI, acting on behalf of institutional investors in its core real estate fund, is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU). (more)