NEW YORK, September 13, 2018 – Christy Hill has joined PGIM Real Estate as a managing director and head of Americas Asset Management to lead and implement the company’s asset management strategy for investments in the United States and Latin America. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
PGIM Real Estate’s Americas platform had $50.7 billion in assets under management as of June 30, 2018. Based in New York, Hill will report to Cathy Marcus, global chief operating officer and head of the United States at PGIM Real Estate. Hill is also a new member of the U.S. Management Council and Americas Executive Council and will join the U.S. and Latin America Investment Committees effective January 1, 2019.
“As we enter the later stages of the real estate cycle, our ability to extract value from our portfolios at the property level will be essential to meeting performance objectives for our investors,” said Marcus. “We are thrilled to add someone with Christy’s breadth of experience and investment acumen to lead our Americas platform.”
Hill brings to PGIM Real Estate more than 20 years of real estate investment management experience, including asset management and portfolio management responsibilities across all major property sectors and U.S. markets. She joins from Clarion Partners, where she was most recently a managing director and assistant portfolio manager for the firm’s flagship core real estate fund, responsible for acquisitions and dispositions, asset management and investor communications. Earlier, she was a senior member of Clarion’s asset management group, overseeing investment results of core and value-add investments in multiple West Coast markets. Previously, Hill worked at American Realty Advisors in senior roles across asset management and portfolio management.
Hill holds a bachelor’s degree in sociology from the University of Colorado and a master’s in real estate development from the University of Southern California.
Hill replaces Scott Dalrymple, who has been named as a portfolio manager for PGIM Real Estate’s flagship U.S. open-end, value-add fund.
About PGIM Real Estate
PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 17 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $69.2 billion ($49.5 billion net) as of June 30, 2018. PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate equity, debt and securities investment strategies that span the risk/return spectrum. For more information, visit pgimrealestate.com.
About PGIM and Prudential Financial, Inc.
With 15 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 June 30, 2018. 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.
© 2018 PGIM is the primary asset management business of Prudential Financial, Inc. (PFI). PGIM Real Estate is PGIM’s real estate investment advisory business and operates through PGIM, Inc., a registered investment advisor. Prudential, PGIM, their respective logos as well as the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide. PFI of the United States is not affiliated with Prudential plc, a company headquartered in the United Kingdom. Ref: 18BDUFF-B4HHQA