Phil Hench

PGIM, Inc. is a SEC-registered investment advisor headquartered in Newark, New Jersey. The firm was founded in 1984 and is a subsidiary of PGIM Holding Co. LLC, owned by Prudential Financial, Inc. (NYSE: PRU). PGIM provides institutional clients with investment solutions worldwide. It is comprised of autonomous asset management businesses that specializes in a particular asset class with a focused investment approach: PGIM Institutional Advisory & Solutions (provides advisory services to institutional clients located in the US and outside of the US), PGIM Fixed Income (an adviser primarily focused on public fixed income investments), PGIM Real Estate (a provider of real estate investment advisory services) and PGIM Capital Group (a private fixed income investment adviser, also known as Prudential Capital Group).

Trammell Crow Co. provides commercial real estate services. The company delivers brokerage, project management, and building management services through its global services group. The company operates in Canada, Europe, Asia-Pacific, and Latin/South America. The company was founded in 1948 and is headquartered in Dallas, TX.

CBRE Global Value Investors LLC (CBRE GVI) is a SEC-registered investment advisor and hedge fund manager headquartered in Los Angeles, California. It was founded in 1999 as CB Richard Ellis Value Investors LLC. The firm is owned by CBRE Investment Management LLC, ultimately owned by CBRE Group, Inc. (NYSE: CBRE). CBRE GVI acts as sponsor, manager, general partner and/or investment adviser of commingled investment vehicles and other programs as well as separately managed accounts.

Steadfast Income REIT, Inc. engages in investment and management of portfolio of real estate. Its objective is to reserve, protect, and return stockholders’ invested capital, pay attractive and stable distributions to stockholders, and realize capital appreciation in the value of the investment over the long term. The company was founded by Rodney F. Emery on May 4, 2009 and is headquartered is Irvine, CA.

CNL Fund Advisors Co (CNL Fund Advisors) is a private equity subsidiary of CNL private equity Corp founded in 1994 by James M Seneff. The firm is headquartered in Orlando, Florida.

Griffin-American Healthcare REIT III, Inc. operates as a real estate investment trust. It intends to invest in a diversified portfolio of real estate properties, focusing primarily on medical office buildings, hospitals, skilled nursing facilities, assisted living facilities and other healthcare-related facilities. The company was founded on January 11, 2013 and is headquartered in Irvine, CA.

Predex is a closed-end management investment company. It engages in a continuous offering of shares and operates as an interval fund that offers to make quarterly repurchases of shares at net asset value. Its investment objective is to seek consistent current income while secondarily seeking long-term capital appreciation with moderate volatility. The company was founded on February 5, 2013 and is headquartered in Cincinnati, OH.

Duke University is an academic university that offers undergraduate, graduate and professional programs. It also has publications and research services. The university was founded in 1838 and is headquartered in Durham, NC.

Harvard University engages in the provision of teaching and research. It has twelve degree-granting Schools in addition to the Radcliffe Institute for Advanced Study, offering a global education. The university was founded in 1636 and is headquartered in Cambridge, MA.

Goldman Sachs & Co. LLC (GS&Co.) is a securities brokerage firm headquartered in New York City. Founded in 1927, the firm is a subsidiary of The Goldman Sachs Group, Inc. (NYSE: GS). GS&Co. provides services to help hedge funds manage risk, monitor portfolios, maintain liquidity and build their businesses. They offer clients access to global equity and derivatives markets, as well as foreign exchange, commodities, European Lefts, rates and credit across the Americas, Europe and Asia. The firm proactively monitors capital markets, searching for pockets of liquidity and news that may require changes to those strategies. Integration with the Goldman Sachs network gives clients access to the firm's sectored block trades and their insights into price discovery. Their electronic trading program provides clients with tools to manage their trades from pre-trade analytics to post-trade analysis.

University of Southern California is a private research university that mainly offers undergraduate, graduate & other higher education. The university was founded in 1880 and is headquartered in Los Angeles, CA.

Goldman Sachs Realty Management LLC provides real estate investment management and mortgage loan services. It manages assets including apartment, commercial space, hotel rooms and land. The firm also provides general business services, such as accounting, information technology and legal consulting. The company was founded in 1996 and is headquartered in Irving, TX.

Part of Brandywine Realty Trust, Brandywine Midatlantic LP provides commercial real estate services. The company is based in Philadelphia, PA. Brandywine Midatlantic was acquired by Brandywine Realty Trust on September 21, 2004 for $600 million.

Founded in 1949 by Hamilton Bolton, BCA Research is an independent global investment research firm headquartered in Montreal, Quebec. The firm provides comprehensive coverage of all major financial asset classes on a global basis. They employ a consistent approach across all areas of their services by utilizing economic, liquidity, performance and valuation trends. BCA Research's methodology is based on an understanding of the macroeconomic environment and the identification of key investment themes. BCA Research provides global coverage of equities, currencies, commodities/energy, fixed-income, asset allocation and unique trading ideas.

RREEF Funds LLC provides real estate investment advisory services. It purchases, administers and sells real estate portfolios for its clients. It provides research & other services to institutional investors and private investors. The company was founded in 1975 and is headquartered in San Francisco, CA

American Realty Advisors LLC (ARA) is an independent, SEC-registered investment advisor and hedge fund manager headquartered in Los Angeles, California with additional offices in Boston, Chicago, New York, Orlando, and Philadelphia. Founded in 1988, ARA provides real estate investment management services primarily to institutional clients such as pension plans, trusts, endowments, foundations, and similar entities. Their strategies are implemented through commingled funds and separately managed accounts in both equity and debt investments.

The Urban Land Institute operates as a non-commercial research organization. It provides leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. The company was founded on December 14, 1936 and is headquartered in Washington, DC.

National Association of Real Estate Investment Trusts, Inc. is an American company that provides an array of industry data prepared by NAREIT staff and other outside sources. The non-profit company is based in Washington. The company specializes in REITs, or real estate investment trusts, which are companies that own or finance income-producing real estate across a range of property sectors. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors. Steven A. Wechsler has been the CEO of the company since 1997.

NAIOP, Inc. operates as a commercial real estate development association for developers, owners, and investors of office, industrial, retail, and mixed-use real estate. It offers advocacy, educational programs, and business and networking opportunities. The company was founded in 1967 and is headquartered in Herndon, VA.

Pension Real Estate Association (PREA) is a non-profit trade association based in Hartford, CT, for the institutional real estate investment industry. The company's members include public and corporate pension funds, endowments, foundations, insurance companies, and investment advisory firms. PREA provides its members with materials to keep up to date on trends and issues in real estate investment decisions, including sustainability and other ESG considerations. The company also offers access to the MSCI/PREA U.S. Property Fund Index, which allows for detailed analysis of the performance of open-end property funds and their underlying investments.

European Public Real Estate Association provides interest for public real estate sectors. It specializes in investment research, listed real estate, index management, formulation of best practices recommendations, representation to the EU and regulatory bodies and networking for sector. The company was founded in October 1999 and is headquartered in Brussels, Belgium.

The Real Estate Roundtable operates real estate and trade associations. The non-profit company is based in Washington. The CEO of the American company is Jeffrey D. DeBoer.

Digital Realty Trust LP owns, acquires, develops and manages technology-related real estate. It is focused on providing customer driven datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. The company was founded on July 21, 2004 and is headquartered in San Francisco, CA.

National Council of Real Estate Investment Fiduciaries is a non profit organization that serves the institutional real estate investment community as a non-partisan collector, validator, aggregator, converter, and disseminator of commercial real estate performance and benchmarking information. The firm provides data services to its members and the investment and academic community. The company was founded by Blake Eagle in 1978 and is headquartered in Chicago, IL.

The Prudential Insurance Company of America, Inc. provides investment advice, and insurance products and services. The company was founded in 1875 and is headquartered in Newark, NJ.

CenterSquare Investment Management Holdings, Inc. operates as real asset investment. The firm provides real asset investment management services to institutional investors through private equity investments, real estate securities, infrastructure securities, and real estate debt investments. The company was founded in 1987 and is headquartered in Plymouth Meeting, PA.

AIG Global Real Estate Investment Corp. provides financial services. It specializes in investments and development of U.S. residential, hospitality, commercial, retail, Eastern European commercial markets, and Asian mixed-use projects. The company was founded in 1987 and is headquartered in New York, NY.

PREDEX Capital Management LLC (PCM) is a SEC-registered investment advisor headquartered in El Segundo, California. The firm was founded in 2013 and was acquired in 2023 by Union Square Capital Partners LLC, a subsidiary of USQ Holding Co. LLC. PCM serves as an investment advisor to the PREDEX Fund, an interval fund designed to provide an institutional-quality real estate investment to investors.