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)
11 October 2011

PREI closes S$3 billion Pramerica AsiaRetail Fund

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). (more)
14 September 2011

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

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). (more)