Prudential Newsroom: PREI®

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

Wed, 11 Apr 2012 10:00:00 EST

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).

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

Fri, 17 Feb 2012 10:00:00 EST

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).

PREI announces leadership changes

Wed, 25 Jan 2012 09:00:00 EST

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.

PREI acquires Texas luxury hotel

Wed, 11 Jan 2012 10:00:00 EST

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).

PREI acquires Class A Chicago office property

Mon, 28 Nov 2011 11:00:00 EST

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).

PREI closes S$3 billion Pramerica AsiaRetail Fund

Tue, 11 Oct 2011 05:15:00 EST

PARSIPPANY, N.J. - Prudential Real Estate Investors has closed Pramerica AsiaRetail Limited, a S$3 billion private open-end property fund that invests in shopping centers on behalf of institutional investors, the company announced today. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc., (NYSE: PRU).

PREI expands presence in Asia Pacific, adds new portfolio managers, research and marketing professionals

Wed, 14 Sep 2011 09:00:00 EST

SINGAPORE, September 14, 2011 - Prudential Real Estate Investors has increased its Asia-Pacific presence by hiring several key professionals for its Singapore-based Asian arm, Pramerica Real Estate Investors (Asia) Pte.Ltd. The new hires include a recently appointed portfolio manager in Tokyo, along with asset management, research and marketing staff in Singapore, Seoul and Hong Kong, and follow the company’s expansion to Beijing, Sydney and Seoul within the last year. PREI® is the real estate asset management and advisory business of Prudential Financial, Inc. (NYSE:PRU).

PREI acquires new condominium building on New York’s Upper East Side

Thu, 08 Sep 2011 12:00:00 EST

PARSIPPANY, N.J., September 08, 2011 - Prudential Real Estate Investors has acquired the commercial portion of The Laurel, a Class-A mixed use building on the southeast corner of First Avenue and 67th Street on New York City’s Upper East Side, the company announced today. PREI, acting on behalf of institutional investors in a fund managed for German clients, is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI to acquire Sydney office buildings

Wed, 10 Aug 2011 09:00:00 EST

Prudential Real Estate Investors has agreed to acquire a 50 percent interest in 40 Mount Street, North Sydney, an A-Grade office building known as “Coca Cola Place” from Investa Property Group (“Investa”).  The deal is PREI’s second transaction this year with Investa, following the acquisition of a majority interest in 595 Collins Street in Melbourne, Australia.

PREI names David Skinner to help develop and execute defined contribution strategy

Thu, 30 Jun 2011 13:00:00 EST

NEWARK, N.J., June 30, 2011 - Prudential Real Estate Investors today announced that David Skinner has joined the firm in a new role, leading the firm’s defined contribution business development initiative. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

Prudential Midyear Market and Economic Outlook

Thu, 16 Jun 2011 00:00:00 EST

Prudential Financial is hosting its annual midyear market and economic outlook, featuring some of Prudential’s best and brightest experts who will provide their views on what investors can expect for the rest of 2011. This event includes a brief panel presentation, followed by a light lunch to provide journalists with the opportunity to talk to portfolio managers and Prudential business executives.

PREI forms new partnership to complete 340 Court Street

Mon, 13 Jun 2011 15:00:00 EST

PARSIPPANY, N.J. – Prudential Real Estate Investors formed a new partnership with long standing operating partner, The Davis Companies of Boston, MA and Alchemy Properties Inc., a New York-based development company to complete the development of  340 Court Street, a residential  construction project in the Carroll Gardens neighborhood of Brooklyn, NY, the company announced today. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc.