PGIM Real Estate, the real estate investment business of PGIM, announced it has realized 216 transactions worldwide worth circa $12 billion in the Americas, Europe and Asia Pacific regions, on behalf of institutional and high net worth investors, including investments in real estate equity and debt, and property dispositions.
“PGIM Real Estate’s 2018 transactions reflect our ability to successfully identify assets that offer attractive income streams and sources of growth to deliver target returns for our clients over the long term, as well as assets that offer capital protection and are in locations that will fare well through a downturn,” said Eric Adler, chairman of PGIM’s real estate businesses and chief executive officer of PGIM Real Estate.
“We capitalized on sources of growth through market-level growth opportunities, active asset management strategies, favorable structure trends, and value sectors and locations around the world, while continuing to selectively sell stabilized, non-strategic properties.”
” While there is a sense of caution among global real estate market participants,capital is still targeting the sector and transactions activity remains stable ”
“While there is a sense of caution among global real estate market participants – reflecting concerns about elevated real estate pricing, a perceived lack of available stock and heightened political uncertainty – capital is still targeting the sector and transactions activity remains stable,” Adler said.
“As investors seek to achieve an optimal mix of offense and defense in their portfolios, we are well-positioned to employ our disciplined and globally integrated investment approach to capitalize on the resulting opportunities around the world. These include supply-constrained markets and non-traditional real estate sectors with structural growth potential, as well as debt investments that can offer reduce risk exposure.
Source: PGIM Real Estate