Chicago–(work wire) – PGIM Real Estate has appointed Christy Lockridge as the company’s senior Diversity, Equity and Inclusion Officer, headquartered in Chicago. PGIM Real Estate is a $209.3 billion real estate company of PGIM, the $1.5 trillion global asset management firm of Prudential Financial, Inc. (NYSE: PRU).
Lockridge will build on the company’s expanded commitment to promoting Diversity, Equality and Inclusion (DEI) and lead the first official DEI office. As an industry expert for 30 years, most recently serving as Head of Debt Facilities in the Midwest, she has demonstrated an innate passion and commitment while also serving as the co-leader of PGIM Real Estate’s talent management efforts over the past year. Lockridge reports to Marcia Diaz, managing director and head of US Core Debt, who is also the executive sponsor of the global board of directors for PGIM Real Estate for DEI Initiatives. Lockridge will work alongside two veterans, Stephanie Katz, director of DEI strategic initiatives, and Ivy Tsui, director of program management at DEI.
“The appointment of Christie was a critical step in our mission to create an environment that celebrates diverse experiences, backgrounds and perspectives,” said Eric Adler, President and CEO of PGIM Real Estate and Chair of the DEI Advisory Board. “We are confident that their leadership will direct our efforts towards achieving our Sustainable Development Goals and continuing to build on the progress we have made.”
Led by Lockridge, PGIM Real Estate DEI will focus on the continued improvement and implementation of PGIM Real Estate Internal and external diversity, equity and inclusion strategy in support from Five main areas of influence: talent, culture, industry, investment, and community. The team will work closely with PGIM Real Estate’s Inclusion and Leadership Network, a global segment of professionals aiming to promote a fair and inclusive workplace, PGIM Real Estate’s Environmental, Social and Governance (ESG) team, and PGIM’s DEI office. headquarters. center. Lockridge will also serve as vice chair of DEI’s governing advisory board.
“PGIM Real Estate’s commitment to diversity, equality and inclusion will drive progress in our industry for years to come,” Lockridge said. “I am honored to be part of an organization committed to building an inclusive culture by promoting diversity and equality across our global offices and companies. I will work wisely to build toward our diversity goals and drive sustainable change in our communities, our employees and our customers.”
PGIM Real Estate’s commitment extends to the communities in which it operates and invests through social and charitable engagement. Through multi-year partnerships with KIPP and YouthBuild, PGIM Real Estate works with youth in underserved communities to have better access to training, education and employment opportunities. The company prioritizes diverse recruitment efforts through partnerships with early outside talent organizations such as Girls Who Invest, Project Destined, Sponsors of Educational Opportunities, ICSC, and Management Leadership for Tomorrow.
About PGIM real estate
As one of the largest property managers in the world with total assets under management and administration of $209.3 billion,1 PGIM Real Estate strives to deliver exceptional results to investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. PGIM Real Estate is a subsidiary of PGIM, the $1.5 trillion global asset management firm of Prudential Financial, Inc. (NYSE: PRU).
PGIM Real Estate’s rigorous risk management, seamless execution, and comprehensive industry insights are backed by a 50-year legacy of commercial property investing, a 140-year history of real estate financing,2 and deep local expertise of professionals in 32 cities globally. With an approach to investing, financing, asset management and talent management, PGIM Real Estate engages in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. For more information visit pgimrealestate.com.
About PGIM
PGIM, a global asset management company of Prudential Financial, Inc. (NYSE: PRU), among the world’s 10 largest asset managers3 With more than $1.5 trillion in assets under management as of December 31, 2021. With offices in 17 countries, PGIM business offers a range of investment solutions to individual and institutional investors worldwide across a wide range of asset classes, including general fixed income, Private fixed income, basic equity, quantitative stocks, real estate and alternatives. For more information about PGIM, visit pgim.com.
Prudential Financial, Inc. is not affiliated with. (PFI) in the United States in any way a Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information, please visit news.prudential.com.
1 As of December 31, 2021. Assets under management are reported as gross. The net assets under management are $137.9 billion, while the net assets under management are $45.9 billion.
2 Legacy lending through PGIM’s parent company, Prudential Financial, Inc.
3 PGIM is the investment management company of Prudential Financial, Inc. (PFI); PFI is the 10th largest investment manager (of 477 companies surveyed) by global assets under management based on a list of top money managers for pension and investments published on May 31, 2021. This ranking represents the global assets under management by PFI as of December 31, 2020. .
Reference: 003981
For professional investors only. All investments involve risks, including the potential loss of capital.
PGIM is the core asset management business of Prudential Financial, Inc (PFI). PGIM Real Estate is PGIM’s real estate investment advisory firm and operates through PGIM, Inc. It is a registered investment advisory firm. Registration as a registered investment advisor does not imply a certain level of skill or training. PGIM and its logos as well as the Rock symbol are service marks of PFI and its associated entities, registered in many jurisdictions around the world. PFI in the United States is in no way affiliated with Prudential plc, incorporated in the United Kingdom or with the Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
This material is for informational purposes and sets out our views as of the date of this release. Basic assumptions and our views are subject to change.
In the UK, the information is issued by PGIM Limited with the registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom (company reference number 193418). In the European Economic Area (“EEA”), information is issued by PGIM Real Estate Luxembourg SA with registered office: 2, boulevard de la Foire, L-1528 Luxembourg. PGIM Real Estate Luxembourg SA is authorized and regulated by the Financial Sector Supervision Commission (“CSSF”) of Luxembourg (registration number A00001218) and operates on the basis of a European passport. In some EEA countries, information is provided, where permitted, by PGIM Limited depending on the provisions, exemptions or licenses available to PGIM Limited under temporary permission arrangements after the UK leaves the European Union. This material is issued by PGIM Limited and/or PGIM Real Estate Luxembourg SA to persons who are Professional Clients as defined under the FCA Rules and/or to persons who are Professional Clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II). PGIM Real Estate Germany AG is a German capital management company with a special license according to the second. 20, 22 of the German Capital Investment Act (Kapitalanlagegesetzbuch-KAGB). In the event that PGIM Real Estate Germany AG markets or distributes units or shares in overseas investment funds, i.e. investment funds in which PGIM Real Estate Germany AG does not provide collective portfolio management within the meaning of Directive 2011/61/EU or, respectively, KAGB, Such marketing or distribution is carried out according to the second. 20 paragraph. 3 no. 6 kilos. PGIM Real Estate Germany AG is not responsible for collective portfolio management (including portfolio and risk management) within the meaning of Directive 2011/61/EU or, respectively, KAGB, in relation to the investment funds involved in this case. It is also not responsible for the content of any marketing material (including prospectus, offering notes, etc.) provided by the fund manager or other parties. PGIM Real Estate Germany AG will not examine or assess the individual situation of any potential investor and does not make any personal recommendations, including recommendations on tax matters, to potential investors in relation to transactions in the respective investment funds. Where applicable, potential investors should seek advice from qualified third parties before making an investment decision. The information in the document was provided by PGIM (Singapore) Pte. , an investment manager in Singapore registered with and licensed by the Monetary Authority of Singapore. In Hong Kong, the information is provided by PGIM (Hong Kong) Limited, a regulated entity with the Hong Kong Securities and Futures Commission to professional investors as defined in Section 1 of Part 1 of Schedule 1 (paragraph (a) to ( i) of the Securities and Futures Act (Cap. 571).In Japan, the information is released by PGIM Real Estate (Japan) Ltd., a Japanese asset management company registered with the local Kanto financial office of Japan.In Australia, the information is released by by PGIM (Australia) Pty Ltd (“PGIM Australia”) to obtain general information about its “wholesale” clients (as defined in the Companies Act 2001). PGIM Australia is a representative of PGIM Limited, which is exempt from the requirement to hold an Australian financial services license under Australian Companies Act 2001 in relation to Financial Services PGIM Limited is exempted by its regulations issued by the Financial Conduct Authority under the laws of the United Kingdom and application of ASIC Class Order 03/1099. The laws of the United Kingdom differ from Australian laws.
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