PGIM Real Estate hires global head of innovation


Global property manager PGIM Real Estate has hired Sara Shank as managing director and global head of innovation, based in its Manhattan office.


Shank will lead the firm’s effort to advance investment decision-making and business operations around the world by harnessing data and technology in new ways, according to the firm.

'I am thrilled for the opportunity to advance PGIM Real Estate’s strategic priority to employ new and innovative technology solutions, including ones that harness the company’s extensive proprietary data, to drive exceptional results for clients,' Shank said.

In this newly created role, Shank will work across PGIM Real Estate’s global debt and equity platform to address technological innovation and other macro trends affecting the real estate business. She will be responsible for developing and implementing technology solutions and data strategies across investment, asset management, operations and client servicing.

'Innovation has been a hallmark of our firm since its inception,' said Eric Adler, CEO of PGIM Real Estate. 'Now more than ever, it is imperative to adapt and evolve as an organisation to meet the major disruptions that are changing every facet of our business—from our investment process, to asset management, client relationship management and our day-to-day-operations.'

Shank brings to PGIM Real Estate more than 20 years of real estate experience, joining from Beacon Capital Partners, where she most recently served as managing director and head of portfolio management.

In this role, she was chair of the company’s portfolio committee and a member of the investment, management, internal credit, due diligence and debt committees, in addition to being responsible for driving innovation across the firm.