PREI® expands account team

Prudential Real Estate Investors today announced that Christopher Silva has joined the company as a Vice President, Asset/Portfolio Management Single Client Accounts. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU).

Silva will be responsible for providing asset management and strategic direction for a defined portfolio of commercial real estate properties. Before joining PREI, Silva was the chief operating officer for Concord Realty and Development and was a vice president at James R. Poole & Company, both in Newark. Prior to that, he was a portfolio review analyst at Cronheim Mortgage in Chatham, NJ. Most recently he worked for BlackRock, Inc. as a senior portfolio manager. Chris has a degree in real estate development and finance from New York University and in Finance from Seton Hall University. Chris will be based in Parsippany and will report to Steve Vittorio, who heads up the Single Client Account teams.

"Chris’ experience as a portfolio manager and with real estate finance will be a great asset for our clients,” said Allen Smith, CEO of PREI.

PREI is a leader in the global real estate investment management business and has been managing real estate investments for institutional clients since 1970 when the company introduced the industry’s first commingled, open-end equity real estate fund to U.S. pension plans. PREI offers a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, Asia, and Latin America. Headquartered in Parsippany, N.J., PREI has offices in Atlanta, Chicago, New York, San Francisco, Miami, London, Lisbon, Madrid, Munich, Paris, Luxembourg, Istanbul, Singapore, Mexico City, Rio de Janeiro, Hong Kong, and Tokyo. As of September 30, 2010, PREI managed about $44.8 billion in gross real estate assets ($25.7 billion net) on behalf of more than 490 clients worldwide and ranks among the largest real estate investment managers. For more information, please visit http://www.prei.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $784 billion of assets under management as of December 31, 2010, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com.