PGIM Real Estate Expands US Value-Add Portfolio Team
Ola Hixon has been appointed to the newly-created position of executive director and assistant portfolio manager for the team.
PGIM’s real estate investment and financing business, PGIM Real Estate has appointed Ola Hixon as executive director and assistant portfolio manager for its US value-add team.
Within the newly-created role, Hixon will assist in overseeing asset management, transactions and fund strategy for PGIM Real Estate’s US impact value partners fund.
As one of the first institutionally-managed woman-led impact investing funds in the industry, IVP targets investments in affordable housing and mixed-use transformative developments.
Focusing on investments in underpriced locations across major US markets with anticipated population and economic growth, the fund has a dual mandate of achieving market-rate financial returns while aiming to create safe and affordable communities for people with moderate and low incomes.
“Ola’s multifaceted background and depth of experience across portfolio management, asset management and transactions will complement the strengths of our team,” states Lisa Davis, executive director and portfolio manager for IVP. “In addition to her long history managing multifamily assets with regulated and workforce housing units, Ola has played an integral role in the development and execution of ESG-oriented strategies at the asset and portfolio levels.”
At PGIM Real Estate, Hixon will additionally serve as an assistant portfolio manager for the firm’s value-add US property fund series. Within the role, she will support the deployment of the $363 million in capital raised for USPF VI.
With more than 15 years of commercial real estate investment management experience, Hixon joins PGIM Real Estate from KKR & Co., where she recently served as a senior principal and was responsible for portfolio and asset management functions of opportunistic real estate funds with properties located across the US.
Prior to KKR & Co., Hixon managed early stage portfolio companies and direct investments within the real estate division at the Blackstone Group. She previously worked at the JBG Cos. and within the investment banking division of Citigroup.
Throughout her career, Hixon has been involved in $50 billion in transaction volume.
Hixon serves on ULI’s multifamily gold council, she is active in the Real Estate Executive Council, and she serves as a board member of the non-profit, New York City Parks Foundation. Hixon received her Bachelor’s degree in business administration from the Stephen M. Ross School of Business at the University of Michigan and her Master’s degree in business administration from the Wharton School of the University of Pennsylvania.