…Let’s Talk Global REIT Securities with Rick Romano, Head of PGIM Global Real Estate Securities

Rick Romano, Head of PGIM Global Real Estate Investment Trust Securities, offers insights about the multifaceted nature of hybrid real estate securities and the potential benefits of REITS in investment portfolios.

Keshav and Rick highlight how global real estate securities can offer a compelling value proposition for investors. This diverse investment vehicle provides a low barrier to entry into real estate, an asset class distinctly positioned at the convergence of public and private markets.

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Key Takeaways:

● The Global Real Estate Securities landscape. [3:16]

● Why now for REITS?. [5:03]

● Geographic Shift: Reallocation from the U.S. to Europe? [8:25]

● The Headwinds and Tailwinds of Global Real Estate Investments. [10:18]

● The Convergence of Public & Private Real Estate Markets. [18:19]

*The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice. This content should not be construed as investment advice or an offer to purchase or sell any security.

Find Out More About Alternative Investing:

PGIM Private Alternatives

realestate.investorservices.emea@pgim.com

@PGIM on X

@PGIM on Instagram

PGIM on LinkedIn

*Source [10:48]: DrWealth.com, 10 years of REIT performance, as of 19 June 2025

Shareables:

“Real Estate touches on all aspects of the economy, globally.” — Rick Romano, Head of PGIM Global Real Estate Securities #PGIMPodcasts #investing #valueadd

“Historically, commercial real estate was cyclical. Now, on the listed markets, you have these big areas of opportunity that are not very cyclical.” — Rick Romano, Head of PGIM Global Real Estate Securities #alternativeinvesting #PGIMPodcasts

“We went from U.S. exceptionalism quickly to U.S. uncertainty and people wanting to move out of that space.” — Rick Romano, Head of PGIM Global Real Estate Securities #alternativeinvesting #valueadd

“Real Estate doesn’t sit in the centre of the tariff war.” — Rick Romano, Head of PGIM Global Real Estate Securities #investing #institutionalnvesting

“With supply muted over the next few years, we think we can see some good revenue growth acceleration in more traditional property types.”— Rick Romano, Head of PGIM Global Real Estate Securities #investing #alternativeinvesting

“It can balance out the volatility in your real estate portfolio by marrying the public and private together.” — Rick Romano, Head of PGIM Global Real Estate Securities #PGIMPodcasts #alternativeinvesting #valueadd

Dan Matviyenko, Healthcare Portfolio Manager at Jennison, offers insights and strategies on navigating the complex and dynamic landscape of healthcare equity investing.

Laurie Chan, PGIM’s U.S. Head of Alternative Solutions, and Daniel explore healthcare equity, focusing on macroeconomic forces, supply chain vulnerabilities due to trade tensions, the role of AI, and generating alpha from long and short positions.

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Key Takeaways:

● Healthcare Equity Investing offers a Spider Web of Opportunity. [3:04]

● The Role of Robotics and AI in Healthcare. [4:55]

● Trade tensions and Supply Chain Vulnerabilities. [8:16]

● Sizing Healthcare Sectors and Subsectors. [10:29]

● Alpha creation in Long and Short positions. [15:39]

● Three Key Insights for Healthcare Investors. [30:19]

*The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice.

Find Out More About Alternative Investing:

PGIM Private Alternatives

realestate.investorservices.emea@pgim.com

@PGIM on X

@PGIM on Instagram

PGIM on LinkedIn

Shareables:

“Robotic surgery will come to dominate the operating room.” — Dan Matviyenko, Healthcare Portfolio Manager of Jennison #PGIMPodcasts #valueadd

“[On tariffs] Healthcare can manage these increased costs much better than most companies out there.” — Dan Matviyenko, Healthcare Portfolio Manager of Jennison #PGIMPodcasts #alternativeinvesting

“The United States has two industries where we are the world leader. One is obviously tech, but the second one is healthcare.” — Dan Matviyenko, Healthcare Portfolio Manager of Jennison #alternativeinvesting #investing #PGIMPodcasts

“Subsector selection, size, and timing are very important to what we do.” — Dan Matviyenko, Healthcare Portfolio Manager of Jennison #institutionalnvesting #valueadd

“Sizing the investment at the right point in time is actually more important than picking the right investment.” — Dan Matviyenko, Healthcare Portfolio Manager of Jennison #investing #alternativeinvesting

“We look at our short book as an absolute return vehicle. It’s not a hedge.”— Dan Matviyenko, Healthcare Portfolio Manager of Jennison #investing #alternativeinvesting

Enrique Lavín provides critical insights into investing in Mexican industrial real estate by leveraging his market expertise and corporate finance/risk-opportunity background.

Laurie Chan, PGIM’s Head of Alternative Investments, speaks with Enrique about the resilience of the Mexican Industrial Real Estate sector amidst U.S. trade volatility, nearshoring dynamics, and broader macro investment trends.

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Key Takeaways:

● Trade tariff impact on the Industrial Mexican Real Estate Sector. [3:07]

● Significant Nearshoring Opportunities in Mexican Industrial Real Estate. [5:51]

● Tailwind Risk Assessment & Headwind Development Prospects. [7:39]

● Mexican Industrial Real Estate Recession Resilience. [10:22]

● Reactions to U.S. Trade Tariffs & Future Outlook. [12:22]

● Summary of Mexican Industrial Real Estate Investments. [13:57]

*The views expressed herein are those of the speaker at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice, and should not be considered investment advice.

Find Out More About Alternative Investing:

PGIM Private Alternatives

realestate.investorservices.emea@pgim.com

@PGIM on X

@PGIM on Instagram

PGIM on LinkedIn

Shareables:

“Mexico secures, at least for now, a leading role in a global manufacturing platform.” — Enrique Lavín, Head of LatAm Real Estate for PGIM #PGIMPodcasts #institutionalinvesting

“A return of nearshoring will make prospective tenants once again gravitate to Mexico as a prime destination for low-cost manufacturing.” — Enrique Lavín, Head of LatAm Real Estate for PGIM #PGIMPodcasts #alternativeinvesting

“A revamped nearshoring wave is about to take off.” — Enrique Lavín, Head of LatAm Real Estate for PGIM #PGIMPodcasts #institutionalnvesting #valueadd

“Mexico’s preferential position in the new trade policy will drive incremental demand for industrial real estate.” — Enrique Lavín, Head of LatAm Real Estate for PGIM #investing #alternativeinvesting