MADISON, NJ—Prudential Real Estate Investors is consolidating its US and Latin American businesses over the next several months. In a statement, PREI tells GlobeSt.com it will integrate its U.S. and Latin America businesses into one Americas platform.
“Kevin R. Smith, currently head of PREI's U.S. business, will become the head of the Americas, and Alfonso Munk, currently head of PREI's Latin America business, will become the chief investment officer of the Americas,” says the PREI statement. “Additionally, Cathy Marcus, senior portfolio manager of the commingled core strategy, will become global chief operating officer of PREI effective January, 2015. Frank Garcia will then become senior portfolio manager of the fund.”
PREI attributed the changes to succession planning and efforts to “create a more consistent and efficient business model, ensuring we are best positioned to serve our clients, leverage the breadth of our resources across the region and maximize investment performance.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
