Prudential Real Estate Investors is the global real estate investment business of Prudential Financial, Inc. (NYSE: PRU), and operates as Pramerica Real Estate Investors in markets outside of the Americas, Korea and Japan. Redefining the real estate investing landscape since 1970, PREI has professionals in 19 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $61.7 billion ($45.6 billion net) as of March 31, 2015.
PREI’s tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies.
PREI'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. Since 2002, PREI has been investing in Latin America, where we currently manage funds specializing in industrial, residential and retail properties in Mexico, and we have transactions capabilities in Mexico, Brazil, Argentina and Chile. Today, PREI has more than 400 professionals operating in seven locations across the Americas, with gross assets under management of $43.3 billion ($31.5 billion net).
In Europe, PREI 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. We invest in Western, Central and Eastern Europe and today manage $7.6 billion in gross real estate assets across Europe ($5.5 billion net), with approximately 165 professionals in six locations across the region.
PREI has been investing in the commercial real estate markets in the Asia Pacific region since 1994, and created one of the largest open-end funds in Asia. With more than 70 professionals in five locations across Asia Pacific, we manage $5.3 billion of gross assets ($3.0 billion net) in Singapore, Japan, Australia, China, Malaysia, India and South Korea.