Ola Hixon has joined PGIM Real Estate as an executive director and assistant portfolio manager for its U.S. value-add team. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
In this newly created role, Hixon will contribute to asset management oversight, transactions and fund strategy for PGIM Real Estate’s U.S. Impact Value Partners (IVP) fund, one of the first institutionally managed woman-led impact investing funds in the industry. IVP targets investments in affordable housing and mixed-use transformative developments and has a dual mandate of achieving market-rate financial returns while creating healthy, safe and affordable communities for people with moderate and low incomes. The fund is focused on investments in underpriced locations across major U.S. markets with anticipated population and economic growth.
“Ola’s multifaceted background and depth of experience across portfolio management, asset management and transactions will complement the strengths of our team,” said Lisa Davis, executive director and portfolio manager for IVP. “In addition to her long history managing multifamily assets with regulated and workforce housing units, Ola has played an integral role in the development and execution of ESG-oriented strategies at the asset and portfolio levels.”
In addition, Hixon will serve as an assistant portfolio manager for PGIM Real Estate’s value-add U.S. Property Fund (USPF) series and will support the deployment of the $363 million in capital raised for USPF VI.
Hixon brings to PGIM Real Estate more than 15 years of real estate investment management experience, including involvement in $50 billion in transactions volume during her career. Most recently, Hixon was a senior principal at KKR & Co., with responsibility for portfolio and asset management functions of opportunistic real estate funds with properties located across the U.S. Previously, Hixon worked at The Blackstone Group, where she managed early stage portfolio companies and direct investments within the real estate division. Earlier, Hixon worked at The JBG Companies, UBS and at the investment banking division of Citigroup.
Hixon sits on ULI’s Multifamily Gold Council and is an active participant in the Real Estate Executive Council. In addition, Hixon serves as a board member of the non-profit New York City Parks Foundation, which transforms parks into vibrant community centers. She received her bachelor’s degree in business administration from The Stephen M. Ross School of Business at the University of Michigan and a master’s degree in business administration from The Wharton School of the University of Pennsylvania.