Posted in Real Estate 30+ days ago.
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Location: New York, New York
PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 18 cities in the Americas, Europe, and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $69.0 billion ($50.5 billion net) as of September 30, 2017.
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.
PGIM Real Estate Finance is one of the nation's leading providers of commercial mortgages for multifamily, retail, office, industrial, and hotel properties. It offers one of the most comprehensive lines of real estate finance products including fixed-rate, floating-rate and bridge loans; Fannie Mae DUS™, Freddie Mac and FHA insured; and affordable housing financing. Prudential is structured to provide clients with one source for all commercial mortgage financing and servicing needs, giving the firm a competitive advantage in the marketplace.
PGIM Real Estate Debt Strategies (PREDS) is the collaborative venture between PGIM Real Estate and PGIM Real Estate Finance. The PREDS business is responsible for investment and portfolio management of non-core and high-yield commercial real estate debt products through funds and separately managed accounts. PREDS’ investments may include whole loans, mezzanine loans, B-Notes and preferred equity across a spectrum of underlying real estate risk and sponsor strategies. Transaction types include recapitalizations, refinancing’s, repositionings, acquisitions and development/heavy transition. PREDS focuses on the non-core debt markets in the Americas, by leveraging both its investment track record and its affiliated US debt and equity origination platforms, as well as working in partnership with other business units within PGIM.
Duties & Responsibilities:
PGIM is searching for an Assistant Portfolio Manager for their PREDS platform. This role will report to the PREDS Senior Portfolio Manager with specific duties and responsibilities as follows:
Client Relationship Management & Business Development
Transactions and Asset Management
Any applicant selected for this position will be required to submit to an extensive background screening and a credit check. Failure to comply will eliminate an applicant from consideration for this position. Any negative information obtained as a result of the background screening may result in the disqualification of the applicant from this and any other position in Prudential.
All candidates must be authorized to work in the United States. Prudential is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.