LOS ANGELES, Jan. 23, 2018 – PGIM Real Estate Finance has expanded its multifamily originations team with the additions of Robert Younkin and Garrett Meyers to its Western U.S. team. PGIM Real Estate Finance is the commercial mortgage finance business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
“Our multifamily team continues to grow, and we’ll look to expand even further in 2018.”
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Both Younkin and Meyers are based in Los Angeles and report to Mike McRoberts, head of Agency lending at PGIM Real Estate Finance.
Younkin is responsible for managing the Agency loan production team expansion and development in the Western U.S., in addition to growing the company’s multifamily loan portfolio. Meyers is responsible for sourcing commercial real estate loans throughout the Western U.S., with a focus on market-rate, manufactured and affordable housing.
“Our multifamily team continues to grow, and we’ll look to expand even further in 2018,” McRoberts said. “Robert and Garrett are fantastic additions to our Western team, and we are delighted to have them join us during this period of growth. We remain committed to building a top-tier multifamily team, and will continue to add talent to meet our goal.”
Before joining the company in December 2017, Younkin was a vice president at PNC Real Estate, where he helped lead a high-volume Agency origination team. He has originated, evaluated and approved more than $4 billion in multifamily loans over the course of his career, including acquisition, refinancing and new construction loans for market-rate, affordable and manufactured housing multifamily properties. Younkin received a bachelor of science in economics from the University of California, Santa Barbara.
Meyers also joined in December 2017, after serving as assistant vice president at PNC Real Estate, where he contributed to a high-volume Agency origination team that averaged $500 million in production annually. He has originated an array of transaction types, including new construction, rehabilitation, bridge, acquisition and refinancing, with career production volume over $3 billion. Meyers received a bachelor of arts in mathematics from Lewis & Clark College and is a member of National Multifamily Housing Council’s Emerging Leaders Group.
About PGIM Real Estate Finance
PGIM Real Estate Finance, the commercial mortgage business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU), is an international full-service, commercial and multifamily mortgage finance business with $89.7 billion in assets under management and administration as of Sept. 30, 2017. Leveraging a 140-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS®, Freddie Mac and specialized affordable housing programs; FHA; Prudential’s general account; and other institutional investors. For more information, please visit pgimref.com.
With 14 consecutive years of positive third-party institutional net flows, PGIM, the global asset management businesses of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world with more than $1 trillion in assets under management as of Sept. 30, 2017. PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 16 countries across five continents.
Prudential’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about PGIM, please visit pgim.com. For more information about Prudential, please visit news.prudential.com.