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September 01, 2015 2:11 PM ET

Capital Markets

Company Overview of Prudential Real Estate Investors

Company Overview

Prudential Real Estate Investors is a real estate investment firm. It also manages mutual funds for its clients. The firm invests in the public equity, fixed income, and real estate markets across the globe. It seeks to invest in senior housing properties, for-rent, for-profit, private-pay independent living, assisted living, memory care assets, income-producing assets with minimum 50% occupancy, and some newly constructed properties. It typically invests in the United States and Canada. Prudential Real Estate Investors was founded in 1878 and is based in Parsippany, New Jersey with additional offices in North America, Asia, Europe, and South America.

8 Campus Drive

4th Floor

Parsippany, NJ 07054

United States

Founded in 1878

Phone:

973-734-1300

Fax:

973-683-1790

Key Executives for Prudential Real Estate Investors

Chief Executive Officer, Global Chief Investment Officer, Member of Global Management Committee, Member of Global Operating Committee, and Chairman of Global Investment Committee
Chief Financial Officer, Managing Director, and Portfolio Manager
Global Chief Operating Officer and Member of Global Management Committee
Managing Director, Global Head of Investment Research, Member of European Investment Committee, and Member of Debt Investment Committee
Managing Director, Global Head of Business Development and Client Relationship Management, Member of Global Management Committee, and Member of Global Operating Committee
Compensation as of Fiscal Year 2015.

Prudential Real Estate Investors Key Developments

Prudential Real Estate Investors Acquires Office Property in Downtown Portland

Prudential Real Estate Investors announced the acquisition of Block 300, a 361,805 square foot class A office property in Portland, Ore., on behalf of institutional investors. Block 300 is a LEED Gold certified, 10-story office property located in the 'technology triangle' of Portland's central business district. Constructed in 1991, the office underwent significant renovations in 2013 and 2014, including a fully redesigned lobby, an updated on-site fitness center and a new conference facility. In addition, Block 300's green design specifications are expected to result in savings in water, electricity, and gas, which will decrease expenses for tenants.

Prudential Real Estate Investors Acquires 391-Unit Assisted Living and Memory Care Portfolio in Tennessee and Connecticut

Prudential Real Estate Investors acquired three assisted living and memory care communities in Tennessee and Connecticut on behalf of Senior Housing Partners (SHP) V for $110 million. The acquisition is the first investment for the newly launched fund. The three Class A communities, which comprise 341,000 square feet across 391 units of recently constructed purpose-built communities for senior housing, include: The Hearth at Hendersonville located in Hendersonville, Tenn., northeast of Nashville, which opened in April 2012 and has 130 units; the Hearth at Franklin located in Franklin, Tenn., southwest of Nashville, which opened in October 2014 and has 126 units; and the Hearth at Glastonbury located in Glastonbury, Conn., southeast of Hartford, which opened in September 2014 and has 135 units.

Prudential Real Estate Investors Acquires Mixed-Use Retail Lifestyle Center in Naples, Florida

Prudential Real Estate Investors has acquired the retail and office portion of Mercato, a mixed-use retail lifestyle center in Naples, Fla., on behalf of institutional investors. Terms of the transaction were not disclosed. The retail portion of Mercato is anchored by Whole Foods Markets, Nordstrom Rack, and a 12-screen cinema and features a mix of casual and upscale dining including The Capital Grille and McCormick & Schmick’s, as well as national retailers such as Sur La Table and The Paper Source. The office portion is occupied by national tenants including Wells Fargo, Bank of America, and Merrill Lynch, as well as regional law and financial services firms.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 4, 2015
Block 300
Merger/Acquisition
July 28, 2015
500 Eighth St. NW Office Building Near Gallery Place Metro
Merger/Acquisition
May 27, 2015
Three Assisted Living and Memory Care Communities in Tennessee and Connecticut
 

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