From structural trends to tactical opportunities, our 2024 #GlobalOutlook explores 6 key themes that drive investment opportunities around the world: https://lnkd.in/eHxjyRyp
About us
With $210 billion in gross assets under management and administration ($134 billion net) (1), PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing,(2) and the local experience of professionals in 35 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. Note: No single post regarding an acquisition related to a particular strategy is representative of all investments made by that strategy. Please do not draw inferences regarding the performance of any investment based on the fact that a post references such investment. Past performance is not a guarantee nor a reliable indicator of future results. For Professional Investors only. All investments involve risk, including the possible loss of capital. (1) As of December 31, 2023; AUA is $49B. (2) Includes legacy lending through PGIM’s parent company, PFI.
- Website
-
http://www.pgimrealestate.com
External link for PGIM Real Estate
- Industry
- Real Estate
- Company size
- 1,001-5,000 employees
- Headquarters
- Newark, NJ
- Type
- Public Company
- Specialties
- Global Real Estate Investment Manager
Locations
-
Primary
PGIM Real Estate
655 Broad Street, Floor 14
Newark, NJ 07102, US
Employees at PGIM Real Estate
Updates
-
Congratulations to PGIM Real Estate’s Dale Picot for being named Brendan Wood International’s 2024 TopGun Investment Minds list for U.S. Real Estate and REIT sector. Note: The 2024 Brendan Wood International’s TopGun Investment Minds ranks a growing number of investment professionals for their contributions, based on the broader personal discussions Brendan Wood hosts on global investment issues. No submission and cost were associated with this recognition. See https://lnkd.in/eKemiTkQ for more information on the award selection methodology.
-
As interest rates fall, debt becomes accretive to transactions again. We identify 3 main factors that drive debt returns, which are expected to exceed real estate equity returns in 2024. https://lnkd.in/eHxjyRyp #GlobalOutlook
-
Despite inflationary pressures, sales of organic products reached a record $67.6 billion in 2023, according to the Organic Trade Association. Read our latest commentary on the #agriculture landscape, covering disagreements over some changes in the new farm bill, extreme changes in climatic conditions, growing interest in AI-enabled robots and innovative breeding techniques. https://lnkd.in/eevZPnCb
-
We're excited to announce that PGIM Real Estate and Elanor Investors Group have jointly acquired a 19-hectare last mile logistics development site at Mulgrave, Melbourne. This marks one of Australia’s largest industrial property transactions this year, where there is significant demand from wholesale and institutional investors. Learn more: https://lnkd.in/edEhFxcn
-
After a low investment cycle, many buildings are in need of fresh capital injections due to capex shortfalls, especially as ESG requirements are growing too. Learn how this creates tactical opportunities for investors: https://lnkd.in/eHxjyRyp #GlobalOutlook
-
PGIM Real Estate has provided €91.5 million in financing to a joint venture between Hines and APG Financial for a 431-unit build-to-rent (BTR) scheme in Dublin. Discover how we're working with Hines and APG to help shape Cherrywood Town Center as a model for sustainable communities in Dublin. https://lnkd.in/exDuEGtz
-
In the last cycle, the expansion of jobs helped support economic growth. With technology gains, like #AI, the future growth model in developed economies depends more on #productivity. Learn how this shift impacts city rental dynamics: https://lnkd.in/eHxjyRyp
-
PGIM Real Estate reposted this
The ULI Washington Women's Leadership Initiative invites all audiences to the third and final session of our 3-part series hosted in partnership with CREW DC and AAREP DC. Demystifying the World of Valuations - Negotiating Equity and Debt will cover the utility of appraisal reports and valuations in negotiating capital among a broad and diverse audience and reveal how inequities in the market affect final outcomes. In a conversation moderated by Carisa Stanley Beatty panelists Stephanie Wiggins, Lynda Gallagher, and David Iannucci will discuss how inequities limit access to tools and best practices used to ensure the right values are requested, impede understanding of the report itself, and hinder the subsequent negotiations that lead to the best financing terms. This discussion will illuminate the “how” and “why” values matter in the realm of capital markets. The panel discussion will be followed by a networking happy hour on site to mingle with other attendees and discuss the lessons learned from all three sessions. Register today to save your seat: https://lnkd.in/e5gx6CrG This event is open to those who have and have not attended previous sessions. *Members of CREW DC and AAREP DC qualify for ULI member pricing for this event. Email heather.hrycyshyn@uli.org for more information. #ULIWashington #Valuations #Equity #AppraisalsSeries #DCRealEstateProfessionals
-
PGIM Real Estate reposted this
Great to be back home in Frankfurt with the ongoing European Championship after a one-week roadshow in Kuala Lumpur, Tokyo and Seoul. I was excited to hear about our investors' keen interest in global markets, reinforcing PGIM Real Estate's global perspective in today's interconnected world. In essence, we believe opportunities in equity or debt strategies are very attractive in current conditions, including value decline combined with illiquidity, accretive leverage and rental growth. Here are my thoughts on how Europe represents the most compelling investment opportunity globally: - Market illiquidity: We are witnessing a funding gap on the debt side, as well as a lack of liquidity in the European core and core-plus market. Providing many opportunities to purchase or recapitalize assets well below valuations, which have already decreased by 20% on average. - Accretive Leverage: Although limited and only available for the high-growth asset classes leverage has become more accretive as prime yields move out toward 5%, which is not the case for a lot of the major global real estate markets. - Structurally low supply: European major markets have been undersupplied or under-invested in cap ex since the GFC and we see no signs of a structural change going forward. This means that although our economy might show slow growth, there will be pockets of strong rental growth in certain markets and asset classes. It is all about deal, market and strategy selection. Read more about our perspectives in Global Outlook: https://lnkd.in/ezFAWtMZ *For Professional Investors only