PGIM
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with US$1.5 trillion in assets under management.1 PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions—including fixed income, equities, real estate and other retail investment vehicles. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com
PGIM’s real estate business is the world’s second-largest real estate investment manager2, with $217 billion in gross assets under management and administration3, and real estate professionals located in 30+ cities worldwide. Through our full suite of real estate equity and debt solutions, we aim to achieve exceptional outcomes on behalf of investors and borrowers. Our uncompromising commitment to building lasting relationships with our clients is founded on trust, transparency, and mutual respect.
Key Facts
The concept of materiality is the primary lens through which we integrate sustainability factors. Our real estate sustainability strategy is focused on building value and future-proofing investments and structured around three pillars:
- Reducing carbon — focused on energy management and renewable energy provision to reduce operating expenses, improve net operating income and address the sector's significant contribution to global emissions. This priority is supported by the real estate equity group’s net-zero goal to reduce operational carbon in landlord-controlled spaces by 2050.
- Enhancing resilience — building the capacity of assets to withstand catastrophic weather events such as flooding and wildfire and aligning with regulatory environments increasingly geared towards a low-carbon economy, to ensure continued usability and liquidity.
- Building value — engaging to achieve tenant and borrower satisfaction through proactive service quality, operational efficiency and health and wellness, creating more productive spaces and improving asset performance.
Key performance indicators aligned to these pillars are integrated explicitly and systematically into investment analysis and decisions to help manage risk and support attractive returns.
More information:
Policies and Reports
Sustainability hub page
1. As of 31 March. 2026
2. PGIM Real Estate is the second largest real estate investment manager (out of 63 firms surveyed) in terms of global real estate assets under management based on ‘Pensions & Investments’ “The Largest Real Estate Investment Managers” list published November 2025. #2: PGIM Real Estate is ranked second out of 50 firms published in PERE’s Real Estate Debt 50 third-party capital raised survey published in May 2025
3. As of 31 March 2026, AUM reflected as gross. Net AUM is US$139 billion and AUA is US$50 billion.
“Across our real estate investment strategies, active stewardship is grounded in fiduciary duty and financial materiality. For both equity and debt, stewardship centres on direct engagement with partners, service providers, tenants, borrowers, investors and industry bodies, including the Better Building Partnership, with the objective of managing material sustainability risks and opportunities that affect asset performance and long-term value.”
Julie Townsend, Co-Head Global Sustainability, PGIM
*Please note that the information on this page was supplied by the BBP Member and the BBP assumes no responsibility or liability for any errors or omissions in the content
