PREI® U.S.

PREI has a long history of leadership in the real estate investment management business. PREI was one of the first firms to widely offer the benefits of real estate investing to pension plans through a commingled, open-end equity real estate fund, which continues as one of the leading funds of its kind today. PREI has more than 38 years of experience in private real estate investing and more than 270 associates located in five offices across the US.

Our product line is diverse and includes investment opportunities in equity and debt real estate in both the public and private markets, employing a variety of financial structures.

*Total includes an equity component that is managed by PREI.


 



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© Copyright 2009 Prudential Financial, Inc., Newark, NJ USA. All rights reserved.
Prudential Investment Management is a business of Prudential Financial.

Prudential is authorized to transact business in all U.S. states and the District
of Columbia. Product availability varies by state and country.

Market Perspectives
The reports listed below offer observations and commentary on trends in the real estate property and capital markets.
• US Quarterly October 2009
• European Quarterly October 2009
• Latin American Quarterly October 2009
• Asian Quarterly October 2009
• Global Real Estate Securities January 2009

Research Perspectives

Life After Debt: Coming to Grips with the Funding Gap
(September 2009)

As a result of the aggressive lending environment between 2005 and 2008, there is a large body of commercial properties that will not qualify for mortgages sufficient to pay off the existing debt. It is virtually certain that the volume of overlevered real estate will create an enormous amount of distress and turnover in the commercial property market over the next few years. In this paper, we estimate how much capital will be needed to fill the funding gap, or the difference between the size of existing mortgages and the proceeds those properties will qualify for in a less-heated environment.

click here to see report