PGIM Real Estate provides $345M to refinance national multifamily portfolio
The portfolio spans five recently developed Class A luxury properties across the U.S.
NEWARK, N.J., March 22, 2023 – PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU) has hired Glenn Harris as a managing director and senior relationship manager for its Institutional Relationship Group (IRG). Based in PGIM’s Newark office, he’ll be responsible for deepening relationship coverage of chief investment officers and senior fiduciary investors in the United States as a strategic advisor. He reports to Cameron A. Lochhead, managing director and global head of IRG.
Harris will help PGIM’s clients address their strategic investment challenges with PGIM’s resources, while contributing his fiduciary expertise to the firm’s global growth plans and expansion of its institutional client base.
Before joining PGIM, Harris served as an institutional outsourced chief investment officer (OCIO) and senior client portfolio manager for SEI Investments, managing several dozen relationships across multiple market segments. Prior to that, he spent 13 years as an institutional client executive for Russell Investments, responsible for relationship management and service delivery for select defined benefit, defined contribution and nonprofit institutional clients. He previously worked at J.P. Morgan and Dean Witter Reynolds. Harris is also a Chartered Mutual Fund Counselor at the College for Financial Planning and board director and investment committee member for the Ridgewood Public Library Foundation.
“Glenn brings nearly 30 years of experience in the investment management industry, where he’s built an impressive track record of earned trust and strong relationships with sophisticated institutional investment committees,” said Lochhead. “His past work with both retirement plans and nonprofit asset owners strengthens our ability to advise our clients.”
This hire follows the appointment of Murray Brewer as head of IRG’s institutional clients for Australia and New Zealand earlier this month.
PGIM CEO David Hunt added, “PGIM’s Institutional Relationship Group team plays an integral role in delivering on our commitment to clients, providing personalized investment insights, and architecting access to the wide range of PGIM affiliates strategies and solutions. Our recent hires send a clear message that we’re dedicated to deepening our existing relationships and remain focused on our global growth strategy.”
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than $1.2 trillion in assets under management as of Dec. 31, 2022. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
The portfolio spans five recently developed Class A luxury properties across the U.S.
PGIM Real Estate has made three single-family housing acquisitions, located in south and south-west England, on behalf of its UK Affordable Housing strategy.
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