Key Takeaways
- • PGIM Real Estate appointed Christy Lockridge as its first chief diversity, equity and inclusion officer, based in Chicago, establishing the business's first formal DEI office.
- • Lockridge, a 30-year industry veteran most recently head of Debt Originations for the Midwest, reports to Marcia Diaz, managing director and head of U.S. Core Debt, who is the Global Management Council executive sponsor for DEI.
- • The DEI Office will focus on five areas of impact: Talent, Culture, Industry, Investing, and Community, and Lockridge will serve as vice chair of the DEI Advisory Council.
- • PGIM Real Estate manages $209.3 billion in gross assets under management and administration, as of Dec. 31, 2021, within PGIM's $1.5 trillion global asset management business.
Summary
PGIM Real Estate has appointed Christy Lockridge as the business's first chief diversity, equity and inclusion officer, based in Chicago, according to a Business Wire release. PGIM Real Estate is the $209.3 billion real estate business of PGIM, the $1.5 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).
Lockridge will build on the firm's expanded commitment to diversity, equity and inclusion (DEI) and will lead the business's first formal DEI office. The release describes her as a 30-year industry veteran who most recently served as head of Debt Originations for the Midwest and who co-led PGIM Real Estate's DEI Talent Management efforts over the past year. She reports to Marcia Diaz, managing director and head of U.S. Core Debt, who also serves as the Global Management Council executive sponsor for DEI initiatives. Lockridge will work alongside Stephanie Katz, director of Strategic Initiatives for DEI, and Ivy Tsui, director of Program Management for DEI.
Eric Adler, president and CEO of PGIM Real Estate and chair of the DEI Advisory Council, said the appointment "was a critical step in our mission to cultivate an environment that celebrates varied experience, backgrounds and perspectives." Lockridge will also serve as vice chair of the governing DEI Advisory Council.
The DEI Office will focus on refining and implementing the firm's internal and external DEI strategy across five areas of impact: Talent, Culture, Industry, Investing, and Community. The team will coordinate with the Inclusion & Leadership Network, PGIM Real Estate's global environmental, social and governance (ESG) team, and PGIM's DEI Office. The firm also cites multi-year partnerships with KIPP and YouthBuild to support youth in underserved communities, and recruitment partnerships with organizations including Girls Who Invest and Management Leadership for Tomorrow.
PGIM Real Estate reports $209.3 billion in gross assets under management and administration as of Dec. 31, 2021. Net AUM was $137.9 billion and assets under administration were $45.9 billion, per the release's footnotes.
Lockridge will build on the firm's expanded commitment to diversity, equity and inclusion (DEI) and will lead the business's first formal DEI office. The release describes her as a 30-year industry veteran who most recently served as head of Debt Originations for the Midwest and who co-led PGIM Real Estate's DEI Talent Management efforts over the past year. She reports to Marcia Diaz, managing director and head of U.S. Core Debt, who also serves as the Global Management Council executive sponsor for DEI initiatives. Lockridge will work alongside Stephanie Katz, director of Strategic Initiatives for DEI, and Ivy Tsui, director of Program Management for DEI.
Eric Adler, president and CEO of PGIM Real Estate and chair of the DEI Advisory Council, said the appointment "was a critical step in our mission to cultivate an environment that celebrates varied experience, backgrounds and perspectives." Lockridge will also serve as vice chair of the governing DEI Advisory Council.
The DEI Office will focus on refining and implementing the firm's internal and external DEI strategy across five areas of impact: Talent, Culture, Industry, Investing, and Community. The team will coordinate with the Inclusion & Leadership Network, PGIM Real Estate's global environmental, social and governance (ESG) team, and PGIM's DEI Office. The firm also cites multi-year partnerships with KIPP and YouthBuild to support youth in underserved communities, and recruitment partnerships with organizations including Girls Who Invest and Management Leadership for Tomorrow.
PGIM Real Estate reports $209.3 billion in gross assets under management and administration as of Dec. 31, 2021. Net AUM was $137.9 billion and assets under administration were $45.9 billion, per the release's footnotes.
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