MADISON, NJ—Prudential Real Estate Investors has named James Glen a principal and portfolio manager for its core U.S. real estate fund. PREI, among the world's largest real estate investment management and advisory businesses, is a business of Prudential Financial.

Glen, whose appointment is effective immediately, joins the fund's current portfolio management team of Cathy Marcus, managing director and senior portfolio manager; Frank Garcia, managing director and portfolio manager; Joanna Mulford, managing director, portfolio manager and chief financial officer; and Nicole Stagnaro, vice president and assistant portfolio manager.

“James' deep investment experience and extensive strategic analysis of the U.S. and global real estate markets will complement the strengths of our core U.S. real estate fund portfolio management team,” says Kevin R. Smith, head of PREI in the Americas. “With Cathy taking on the role of global chief operating officer of PREI and Frank assuming the senior portfolio manager role in January 2015, we are pleased to have someone of his caliber join the firm.”

Glen will focus on asset management oversight and transactions, and will work with the team on fund strategy. He is based in Madison, NJ and reports to Marcus.

Before joining Prudential, Glen served as global head of research and strategy in BlackRock's real estate group, responsible for monitoring global real estate markets and formulating investment strategy to support investments across the United States, Europe and Asia Pacific. Before that, he spent more than five years with BlackRock's portfolio management group where he worked on the core and opportunistic real estate funds in the United States and internationally. Previously, Glen was a senior economist at Moody's Analytics and began his career as an analyst at JP Morgan Chase.

Glen's hiring comes ahead of Marcus moving into the role of global chief operating officer of PREI in January 2015. At that time, Garcia will become senior portfolio manager with Marcus continuing to dedicate a portion of her time to facilitate a transition of the fund through the end of 2015. Marcus has been with PREI for more than 15 years, the last 10 of which she has spent as a member of the firm's core U.S. real estate fund. Garcia joined PREI in 2013.

Glen holds a bachelor's degree in economics from the University of North Carolina at Greensboro and a master's degree in economics from the University of Delaware.

Instant Insights /

PREI Names Former BlackRock Exec James Glen Portfolio Manager

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