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Deals & People June 30, 2011
David Skinner Joins PREI
Prudential Real Estate Investors (PREI) announced that David
Skinner has joined the firm in a new role to help develop and execute
its defined contribution strategy.
Reported by PLANADVISER staff
Skinner will be responsible for developing a strategy to expand PREI’s real estate investment offerings for defined contribution plans, such as 401(k)s. The plan is expected to include offerings in direct real estate, including office, multi-family, retail and industrial properties, as well as global real estate securities. He will be based in Parsippany, N.J., and will report directly to Lester Lockwood, managing director and co-head of global marketing and client service.
Skinner previously worked for J.P. Morgan Retirement Plan Services as head of institutional defined contribution investment only sales and marketing.
“David’s strong skill set and extensive experience in the defined contribution space will serve us well as we attempt to introduce and expand the use of real estate investment strategies into in this critical, rapidly growing market,” said Lockwood.