PGIM operates as the global asset management business of Prudential Financial and manages $1.4 trillion in assets across fixed income, equity, real estate, private credit, and alternatives. The firm traces its origins to 1875 with the founding of its parent company and rebranded to PGIM in January 2016 to unify its global presence. PGIM maintains operations through 42 offices across 19 countries, employing more than 1,400 investment professionals who serve institutional and retail clients worldwide. The firm operates through a multi-affiliate model with several autonomous businesses including PGIM Fixed Income, Jennison Associates, PGIM Real Estate, PGIM Private Capital, and PGIM Quantitative Solutions. PGIM Real Estate functions as the firm's global real estate investment arm and ranks as the third-largest real estate investment manager worldwide with $217 billion in assets under management and administration. The real estate business maintains professionals in 35 cities and manages 6,100+ owned and financed properties. The firm's investment approach spans core, core-plus, value-add, and debt strategies across multiple property sectors. PGIM Real Estate has demonstrated focus on the logistics sector since 2010, capitalizing on e-commerce growth and supply chain shifts. The living sector represents another area of concentration, with capabilities spanning multifamily, senior housing, student housing, and single-family rentals. The firm also invests in industrial, office, retail, data centers, and agriculture properties. In June 2025, PGIM Real Estate completed $346.9 million in acquisitions including an 855,000-square-foot Amazon fulfillment center in Minnesota, a 358,000-square-foot industrial building in New Jersey, and a 570-unit residential community in Washington. Full-year 2025 transactions totaled $32 billion across equity and debt investments. Jacques Chappuis serves as president and CEO since May 2025, succeeding David Hunt. PGIM operates from the Prudential Tower in Newark, New Jersey, which houses approximately 3,000 employees.