PGIM Real Estate is the real estate investment business of PGIM, Inc., the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). Rede ning 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 $65.9 billion ($47.7 billion net) as of March 31, 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.
Since 2002, PGIM Real Estate has been investing in Latin America, where we currently manage funds specializing in industrial, residential and retail properties in Mexico, and we have transactions capabilities in Brazil and Chile.
In 2013, PGIM Real Estate consolidated its Mexican industrial funds to launch Terrafina, a leading Mexican industrial real estate investment trust, dedicated to the acquisition, development, lease and management of industrial real estate properties in Mexico. Terrafina’s portfolio consists of attractive, strategically located light manufacturing properties and other warehouses throughout the Central, Bajio and Northern regions of Mexico. It is internally managed by highly qualified industry specialists, and externally advised by PGIM Real Estate.
Terrafina’s objective is to provide attractive risk- adjusted returns for the holders of its certificates through stable distributions and capital appreciation. It aims to achieve this through a successful performance of its industrial real estate and land reserves, strategic acquisitions, access to a high level of institutional support, and to its management and corporate governance structure. As of March 31st 2017, Terrafina has more than doubled its industrial properties stabilized portfolio and distributed more than US$270 million to its investors by successfully accomplishing its investment strategy (which includes a follow-on equity o ering for US$460 million in reliance on Rule 144A and Regulation S, and the issuance of a 7-year senior unsecured note placement in the international markets for US$425 million).
PGIM Real Estate
Paseo de la Reforma # 412 – 18th oor Col. Juarez
06600 Mexico City
Tel: +52 55 5093 2770
Fax: +52 55 5093 2828