PGIM Real Estate wanted to leverage innovative tools to enhance market information available for deal screening and underwriting.
PGIM Real Estate wanted to leverage innovative tools to enhance market information available for deal screening and underwriting.
The implementation of Origin by Altrio brought transformative benefits to PGIM Real Estate's investment teams. Origin automatically extracts relevant deal, asset, and market information across a variety of channels, creating a structured repository of market data that investors can leverage to support their underwriting assumptions.
Investment professionals can update deals in Origin directly from their underwriting model, enabling fast and efficient reporting of changes to stakeholders across the organization, freeing time to spend on sourcing, screening, and underwriting the best investments.
Origin’s integration with PGIM Real Estate's internal systems streamline approval workflows, document production, and collaboration across teams, allowing everyone to work faster and smarter.
Since the adoption of Origin in August 2022, over 300 PGIM Real Estate team members have adopted the platform, utilizing it to track and evaluate over 10,000 deals and consolidate over a million market data points. Origin has enhanced the efficiency of PGIM Real Estate’s investment process, saving its investment teams thousands of hours so they can focus even more time on uniquely creating value for their investors.
"Our ultimate goal was to sharpen and expand how we leverage data in our investment process as part of our journey to become a leader in the use of advanced analytics in our space. Origin is helping us manage and put to use the large volume of information we receive every day, making our work more efficient and helping us make better investment decisions."
-John Sarokhan, Managing Director at PGIM Real Estate
With $206 billion in gross assets under management and administration,1 PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing, 2 and the local experience of professionals in 35 cities globally. Through its investment, financing, asset management and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com.
1 As of March 31, 2024. Net AUM is $132 billion and AUA is $47 billion.
2 Includes legacy lending through PGIM’s parent company, Prudential Financial, Inc. (PFI).