The lab, RealAssetX, will focus on sustainable technology, artificial intelligence and deep tech to develop products for real estate owners, operators and managers. PGIM Real Estate is the real estate investment management business of PGIM, the principal asset management business of Prudential Financial. The firm, with roughly $210 billion in assets under management, has also partnered with universities in different regions, including the Asia-Pacific (APAC).
“The impact of the fast-moving technology wave on the real asset industry means that investment managers’ success will be defined by their ability to be tech-enhanced through every stage of the investment lifecycle,” said Raimondo Amabile, co-CEO and global chief investment officer at PGIM Real Estate. ©2023 funds global asia