As our client base and investment activities have become more globally diversified, unifying our business under one name will allow us to simplify how our clients and partners interact with us in multiple geographies, said Eric Adler, chief executive officer of PREI
On May 5, PREI
announced it had raised USD 629m in capital commitments for SHP V, the fifth in a series of dedicated, closed-end funds designed to capitalise on investment opportunities in the growing senior housing industry.
invests in private and publicly-traded assets in the US, Europe, the Middle East, Asia, Australia and Latin America.
Before joining PREI
, Garcia was a managing director at RREEF, Deutsche Bank AG's (NYSE: DB) core real estate strategy, where he was a senior portfolio manager for various core and value-added funds.
recently installed new proprietary equipment that has only been operational since last December.
Amabile joined PREI
in January 2012 and has been responsible for managing the offices and investments in continental Europe.
Under the new structure, Theseira will retain his current role as senior portfolio manager of Pramerica Asia Retail and Laughlin will continue to represent Asia Pacific on PREI
s Global Product Development Committee.
Before joining PREI
, Adler, who was raised in the US co-directed Tishman Speyer's European activities and was a member of its global management and Investment committees.
Brandywine and PREI
have also entered into an agreement whereby Brandywine will provide management and leasing for the PREI
assets with the exception of the Denver market.
has other offices in Atlanta, Chicago, Miami, New York, San Francisco, London, Lisbon, Luxembourg, Madrid, Munich, Paris, Istanbul, Abu Dhabi, Mexico City, Rio de Janeiro, Sao Paulo, Beijing, Hong Kong, Seoul, Singapore, and Tokyo.
Our global transactions activity in 2014 reflects PREI
s ability to successfully leverage our deep investment experience, rigorous research and risk management, and strong sourcing and execution capabilities around the world to create value for our clients, said Eric Adler, chief executive officer of PREI
Tishman Speyer has embarked on several joint ventures with PREI
in the past, including the Chrysler Building.