Core Real EstateCoreRealEstate Providing access to high-quality, income-producing core real estate across the United States, Europe and Asia Pacific Why Core Real Estate?Steady IncomeDurable cashflows from high-credit tenants Low VolatilityLower volatility than many other asset classes Target markets offer liquidity and superior growth potential DiversificationAttractive risk-adjusted returns across markets Minimize volatility by investing in sectors with low correlation A Global OpportunityHigh-quality assets, with diversification opportunities across geographies and sectors Why PGIM Real Estate?A Core Real Estate StandoutVideoA Core Real Estate StandoutJul 8, 2020PGIM Real Estate has been investing in core real estate for 50 years. U.S. Core Industrial AcquisitionsVideoU.S. Core Industrial AcquisitionsNov 10, 2020As part of the U.S. core real estate strategy, PGIM Real Estate has continued to grow its presence in the industrial sector. Pioneer In Core InvestingPioneered the first open-end core fund in 1970 Leveraging experience over multiple market cycles to offer core real estate solutions in the United States, Europe and Asia Pacific $29.6B* in diversified open - end portfolios of highly-sought-after core assets in key markets around the world Dynamic Core PhilosophyDynamic approach to strategy and execution Targeting high-quality properties that will deliver resilient and growing income Continually evolving to capitalize on emerging trends to create value for investors Global Scale & Regional ExecutionExperienced teams with access to a scaled global platform On-the-ground professionals in 32 cities around the world, with deep local market expertise Long-standing investment heritage: 50 years in the United States, 35+ in Europe and 25+ in Asia Pacific Since pioneering the industry’s first open-end core real estate fund, our innovative culture has enabled us to continually respond to changing market conditions and investor needs.Insights & NewsView allPGIM Real Estate acquires UK residential property for European core strategyPress ReleasePGIM Real Estate acquires UK residential property for European core strategyMay 24, 2021PGIM Real Estate has made a second acquisition in the UK residential sector on behalf of the investors in its European core strategy.The 'Dynamic Core' Strategy In Real Estate InvestingInterviewThe 'Dynamic Core' Strategy In Real Estate Investing By Cathy Marcus — Dec 16, 2020PGIM Real Estate’s chief operating officer and head of U.S. Equity, Cathy Marcus, joined Ausbiz TV to discuss the future of real estate investing.PGIM Real Estate acquires six-building multifamily portfolio in Japan Press ReleasePGIM Real Estate acquires six-building multifamily portfolio in Japan Jan 7, 2021On behalf of its Asia core real estate strategy, PGIM Real Estate has acquired a six-building multifamily portfolio located across Tokyo and Yokohama, Japan.PGIM Real Estate Announces Joint Venture to Develop 525-Unit Rental Community in CambridgePress ReleasePGIM Real Estate Announces Joint Venture to Develop 525-Unit Rental Community in CambridgeDec 4, 2020Toll Brothers, Inc. and PGIM Real Estate have announced the formation of a new joint venture to develop a luxury apartment community in Cambridge, MA.PGIM Real Estate's European Core Strategy Makes its First Netherlands AcquisitionPress ReleasePGIM Real Estate's European Core Strategy Makes its First Netherlands AcquisitionNov 16, 2020PGIM Real Estate has made its first acquisition in the Netherlands on behalf of the investors in its European core strategy.*As of March 31, 2021. AUM reflected as gross. Net AUM is $22.6B.