Prudential Newsroom: PREI®

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.

PREI raises more than $800 million from institutional investors for U.K.-based debt fund

Fri, 06 May 2011 10:00:00 EST

PARSIPPANY, N.J., May 06, 2011 - Prudential Real Estate Investors has completed a £492 million (about $800 million) fund to provide financing for commercial property transactions on behalf of institutional investors in its closed-end Pramerica Real Estate Capital 1 Fund, the company announced today. PREI® is the real estate investment and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI to acquire Australian property

Wed, 06 Apr 2011 00:00:00 EST

Prudential Real Estate Investors will acquire a majority interest in 595 Collins Street, an A Grade office complex in Melbourne, Australia’s, central business district.  The property is a prominent 17-story, 31,778 square meters A-grade building comprised of two interconnecting office towers, three ground floor retail tenancies and 145 basement car spaces. Built in 1984, the building underwent a major refurbishment in 2007.

Prudential Investments expands real estate fund offerings

Tue, 22 Mar 2011 09:30:00 EST

Prudential Investments has added two new mutual funds to its real estate offerings. The Prudential U.S. Real Estate Fund (A: PJEAX) and the Prudential International Real Estate Fund (A: PUEAX) give investors the opportunity to focus on specific markets, and complement the existing Prudential Global Real Estate Fund. Prudential Investments is the mutual fund family of Prudential Financial, Inc. (NYSE: PRU).

PREI expands account team

Wed, 16 Mar 2011 10:00:00 EST

Prudential Real Estate Investors today announced that Christopher Silva has joined the company as a Vice President, Asset/Portfolio Management Single Client Accounts. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

PREI expands US marketing team

Mon, 14 Feb 2011 12:00:00 EST

Prudential Real Estate Investors today announced that Larry Teitelbaum has joined the U.S. marketing team as a Principal and that Steven McSkimming has joined as Vice President, Marketing and Client Services.