Charles F. Lowrey joins PREI to fill new management position
Charles F. Lowrey has filled the newly created position of president and COO of Prudential Real Estate Investors (PREI), a unit of Prudential Investment Corp., and an affiliate of The Prudential Insurance Company of America, based in Newark, N.J. Lowrey reports to CEO Bernard Winograd. His responsibilities include overseeing day-to-day operations and supporting Winograd in managing the company's growing global real estate business.
The new position of president and COO was formed out of a need to expand management, which resulted from a significant increase in operations. According to Lowrey, as PREI opened more international offices and as their existing offices grew in size, the job of management became weighty, so Winegrad felt it was prudent to bring someone in to assist him.
Lowrey comes to Prudential after serving nearly 13 years at New York-based J.P. Morgan & Co., now known as J.P. Morgan Chase & Co. He was a managing director and head of the Americas for J.P. Morgan's real estate and lodging investment-banking group. “I believe my experience in the real estate industry, both domestically and on an international basis, as well as my experience in developing and retaining relationships — whether with companies or providers of capital (both of which I have done) — is going to be of benefit to Prudential,” Lowrey said.
Lowrey said his objective in this role is to supplement the well-positioned management structure already in place. “My primary goal is to help PREI continue to provide and expand its investment services to institutional real estate investors worldwide,” he said. “PREI has been built around talented real estate investment experts who are customer-driven. My role here is to help that team remain focused on investing in real estate for our clients.”
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Fred Pratt has been named CEO of New York-based Lend Lease Real Estate Investments Inc., a subsidiary of Lend Lease Corp. Pratt has served as the company's COO since last year.
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Jeff Allen has been appointed president and CEO of New York-based IntelliSpace, an Ethernet IP broadband services provider.
In other IntelliSpace news,
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