Q&A: Making ESG Work for Real Estate Investors
Lisa Davis, portfolio manager, U.S. Impact Value Partners (IVP), discusses PGIM Real Estate’s approach to constructing and managing ESG-oriented portfolios.
We launched one of the first institutionally managed, woman-led private equity real estate funds built on an impact investment thesis that market-rate financial returns can be enhanced by creating healthy, safe and affordable communities for people with moderate and low incomes.
Our impact fund, PGIM Real Estate U.S. Impact Value Partners, leverages PGIM Real Estate's track record in transformative development and affordable housing, as well as the expertise of our parent company, which has invested more than $5.2 billion in impact-oriented assets since its founding more than 40 years ago.
Strategy – Investing at the nexus of impact and performance
Sectors – Multifamily and affordable housing and transformative development
Target Markets – Major U.S. markets with anticipated population and economic growth, as well as opportunities to positively impact people and communities with low and moderate incomes.
Prudential and PGIM Real Estate were recognized in Fortune’s 2019 Change the World ranking for the companies' cross-enterprise work in real estate impact investing.
Ranking #30 globally, this recognition underscores our combined experience in investing in affordable housing and transformative developments.
*The referenced impact credentials represent the broader PGIM Real Estate business and are not attributed solely to PGIM Real Estate Impact Value Partners.