NASHVILLE, TN (March 22, 2024) - Last night, the Pension Real Estate Association (PREA), at its 2024 Spring Conference in Nashville, announced the winners of the 2024 PREA Real Estate Investment Management ESG Awards. Environmental, social, and governance (ESG) issues are increasingly central to investment decision making, and these awards were introduced by PREA to recognize private equity real estate funds at the forefront of ESG within real estate investing.

By highlighting these award-winning investment funds, PREA is not only recognizing industry leaders, but also providing examples to the industry of how properly implemented ESG programs can help foster a more sustainable and socially responsible future, without sacrificing investment performance.

This is the fourth year the awards were presented, and PREA once again received a tremendous response to its call for submissions for the awards, attracting submissions from 31 real estate funds with aggregate net assets under management of over $63 billion USD. Submissions were judged by a panel of experts from outside PREA, and independent of any investment manager or institutional investor.

PREA ESG Momentum Award
To recognize industry-leading and innovative approaches to ESG issues among open- and closed-end real estate funds, and/or significant recent advances in ESG outcomes.

2024 Winner: PGIM Real Estate U.S. Sustainable Investing Strategy (managed by PGIM Real Estate)

From Ola Oyinsan Hixon, Portfolio Manager for U.S. Value-Add Strategies, PGIM Real Estate: "We are proud of our efforts to support families in the communities where we invest and operate and thank PREA for this recognition. Our team aims to make a meaningful difference through affordable housing and sustainable investing strategies in the U.S. and beyond, delivering impact and financial returns for investors."

CONTACT: For more information on the PGIM Real Estate U.S. Sustainable Investing Strategy, contact Guy Nicholls, guy.nicholls@pgim.com.