Prudential Newsroom: PREI®

PREI names Eryck Su chief investment officer for Asia-Pacific business

Wed, 19 Jun 2013 09:30:00 EST

MADISON, N.J., June 19, 2013 - Prudential Real Estate Investors has named Eryck Su a managing director and chief investment officer for Pramerica Real Estate Investors (Asia) Pte. Ltd, its Asia-Pacific business. In this role he will be responsible for overseeing the regional acquisitions and dispositions process and playing a key role in regional portfolio strategy and management. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

MPREI signs agreement with TDIC to acquire first phase of Saadiyat Beach Residences on Abu Dhabi’s Saadiyat Island

Mon, 17 Jun 2013 09:00:00 EST

ABU DHABI, United Arab Emirates, June 17, 2013 - Mubadala Pramerica Real Estate Investors (MPREI) signed an agreement with Tourism Development & Investment Company (TDIC) of Abu Dhabi for the acquisition of Phase One of Saadiyat Beach Residences.

PREI adds Michael Gallagher as portfolio manager on REITS strategies

Mon, 10 Jun 2013 13:00:00 EST

MADISON, N.J., June 10, 2013 - Prudential Real Estate Investors has added Michael Gallagher as a director and portfolio manager to its global real estate securities team, the company announced today. He has also been added as a manager on the Prudential Global Real Estate Fund (Class A: PURAX). PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI acquires Sabadell Financial Center in Miami

Fri, 19 Apr 2013 12:00:00 EST

MIAMI, April 19, 2013 - Prudential Real Estate Investors has acquired Sabadell Financial Center, a 30-story, Class-A office tower in Miami’s Brickell Financial District. PREI®, acting on behalf of institutional investors in its flagship core open-end commingled fund, is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI combines industrial funds; launches publicly-traded Fibra in Mexico

Mon, 25 Mar 2013 15:00:00 EST

MEXICO CITY, March 25, 2013 - Prudential Real Estate Investors-sponsored Terrafina (BMV: TERRA13), has raised MXP8.3 billion (US$665 million) in its initial public offering, PREI® announced today. Terrafina is a Mexican real estate investment trust known as a fideicomiso de bienes raíces, or Fibra. PREI is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE:PRU). Terrafina offered 295.7 million securities at 28 pesos per share, with the potential to sell an additional up to 44.4 million securities pursuant to a greenshoe option.

PREI names Morgan Laughlin to lead its Asia-Pacific business

Thu, 21 Mar 2013 14:00:00 EST

TOKYO, March 21, 2013 - Prudential Real Estate Investors has named Morgan Laughlin head of its Asia business, responsible for managing the company’s operations and strategy in the Asia Pacific region. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE).

Mubadala Pramerica Real Estate Investors names Faris Mansour director of capital markets

Wed, 30 Jan 2013 05:00:00 EST

ABU DHABI – Mubadala Pramerica Real Estate Investors, a 50/50 joint venture between Mubadala Development Company and Prudential Real Estate Investors, has named Faris Mansour director of capital markets. Prudential Real Estate Investors is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI names new heads of Europe business, chief risk officer

Wed, 23 Jan 2013 11:00:00 EST

MADISON, N.J., January 23, 2013 - Prudential Real Estate Investors has named Raimondo Amabile and Andrew Radkiewicz as co-heads of its European business and appointed Philip Barrett chief risk officer for Europe and Asia, the business announced today. The promotions follow the 2012 announcement that Eric Adler, who recently became the firm’s global chief investment officer, would oversee PREI’s global investment and risk management processes. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI expands Latin America team

Thu, 10 Jan 2013 00:00:00 EST

MADISON, N.J. – Prudential Real Estate Investors has named Adriana Drulla Rossi investment officer for PREI-Latin America responsible for sourcing, analyzing and executing investment projects and activities in Brazil in coordination with the firm’s regional team of investment professionals. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI® expands US marketing team

Mon, 07 Jan 2013 16:00:00 EST

MADISON, N.J., January 07, 2013 - Prudential Real Estate Investors has named Dennis Martin managing director, head of U.S. marketing. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI’s headquarters achieves platinum U.S. Green Building Council rating

Tue, 23 Oct 2012 10:00:00 EST

MADISON, N.J. – Prudential Real Estate Investors today announced that its new global headquarters in New Jersey was awarded platinum certification, the highest possible, under the U.S. Green Building Council’s Leadership in Energy and Environmental Design rating system for green buildings. The company’s Atlanta office was also awarded gold certification, the second highest rating. PREI® is the real estate investment and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI raises $805 million from institutional investors for its U.S. debt fund

Tue, 16 Oct 2012 10:00:00 EST

MADISON, N.J., October 16, 2012 - Prudential Real Estate Investors announced today that it has secured $805 million of discretionary capital for its Prudential U.S. Real Estate Debt Fund, bringing to more than $1.6 billion the amount PREI has raised so far from investors for its global debt strategy. PREI® is the real estate investment and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI names Alfonso Munk CIO for Latin America

Wed, 18 Jul 2012 13:00:00 EST

MADISON, N.J., July 18, 2012 - Prudential Real Estate Investors has named Alfonso Munk chief investment officer for PREI-Latin America, responsible for overseeing more than $3.2 billion in gross assets managed by teams in Miami, Mexico City, Rio de Janeiro, Sao Paulo and Santiago. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).