PGIM is one of the largest real estate investment managers in the world with $175.9 billion1 in combined gross assets under management and administration across its PGIM Real Estate and PGIM Real Estate Finance businesses.
Investing Across the Capital Markets, Across the Globe
A Premier Global Real Estate Management Platform
PGIM Real Estate, the real estate investment management business of PGIM, has been redefining the real estate investing landscape since 1970. Combining insights into macroeconomic trends and global real estate markets with excellence of execution and risk management, PGIM Real Estate’s tenured team offers to its global clients a broad range of real estate equity, debt, and securities investment strategies that span the risk-return spectrum and geographies.
PGIM Real Estate’s roots as a real estate investment management organization are in the United States, where we pioneered the use of the commingled, open-end equity real estate fund by U.S. pension plans in 1970. Our long-tenured teams – including our flagship core, core plus and value-add funds – invest across all property sectors throughout the United States, including office, retail, multifamily, as well as industrial, storage, senior housing, land and manufactured housing.
We are also one of the largest institutional real estate investors in Latin America with a strong track record investing primarily in Mexico, Chile and Brazil across different stages of the real estate cycle.
PGIM Real Estate has been acting as a fiduciary manager for institutional investors since 1982 and established one of the first dedicated real estate debt fund platforms in the region. With an integrated equity and debt platform spanning core, core plus and value-add investments, we invest in office, retail, residential, hotel and industrial assets in the UK, Germany, France, Austria, Spain and the Netherlands.
PGIM Real Estate has been Investing in the commercial real estate markets in Asia Pacific since 1994 and has created one of the largest open-end funds in Asia. With deep local knowledge, investment experience and asset management capabilities in offices in key investment markets, we invest predominantly in Singapore, Japan and Australia, as well as China, Malaysia and South Korea.
1 As of September 30, 2019, Gross AUM for PGIM's private real estate businesses, PGIM Real Estate and PGIM Real Estate Finance. Net AUM is $153.9B and includes $49.8B for PGIM Real Estate, $60.1B for PGIM Real Estate Finance (note that for PGIM Real Estate Finance, net is equal to gross), and $36.0 billion assets under administration.