Harrison Street Adds Three More Former PGIM Employees to Its Payroll
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- 20 stories mentioning PGIM on the wire in the past 90 days. PGIM coverage →
Computed from Real Estate Trail’s own tracked coverage
Harrison Street Asset Management might officially be on a poaching spree from one particular firm. Two weeks after announcing the addition of three leadership appointments, Harrison Street said Tuesday that it has hir…
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