PGIM Private Real Estate Fund, Inc. - Class I
PPRUX
NASDAQ- -
USD
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- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Stuart Sherman Parker
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Newark United States of America
- IPO Date
- Nov 3, 2022
- Website
- pgim.com
- Similar Companies
- Business
- PGIM Private Real Estate Fund, Inc. - Class I (PPRUX) is a tender offer fund that seeks current income and long-term capital appreciation through investments in private real estate assets, including direct property ownership, real estate equity, debt, and related securities; it emphasizes diversified portfolios across product types such as commercial, residential, and industrial properties, with a focus on income-generating assets poised for growth from secular trends and bottom-up research-led strategies targeting compelling risk-adjusted returns. Managed by PGIM Investments LLC and subadvised by PGIM Real Estate, a global leader with approximately $210 billion in real estate assets under management, the fund provides individual investors access to privately sourced real estate opportunities via an investor-friendly quarterly tender offer structure for limited liquidity, alongside daily pricing and transparency. The fund operates primarily in the United States real estate market, targeting institutional-quality private investments that have historically been accessible mainly to large institutions, with a geographic focus on key U.S. regions including Florida, Minnesota, New Jersey, and Washington. Founded in 2022 and commencing operations on November 3 of that year, PGIM Private Real Estate Fund, Inc. is organized as a Maryland corporation with principal executive offices at 655 Broad Street, Newark, New Jersey, as part of the broader PGIM ecosystem, the asset management arm of Prudential Financial, Inc., which traces its real estate management heritage to 1970. In recent developments, the fund completed three significant property acquisitions in June 2025 totaling $346.9 million—two industrial assets and one residential property in Minnesota, New Jersey, and Washington—reflecting PGIM Real Estate's strategy to scale the vehicle amid commercial real estate market recovery and expand private market access for individual investors. These transactions build on earlier holdings like the Monarch Town Center in Miramar, Florida, acquired in 2022, and underscore the fund's momentum in deploying capital into diversified U.S. real estate amid improving market conditions. Additionally, PGIM's real estate business announced a strategic partnership with Lincoln Property Company in December 2025 to scale operations, though its direct application to the fund remains focused on organic growth through targeted acquisitions and portfolio diversification.