Personnel News from PGIM, JLL
PGIM Real Estate Hires Wiggins
PGIM Real Estate hired Stephanie Wiggins as Managing Director and Head of Production for its agency lending platform, responsible for oversight of the firm’s originations for Fannie Mae, Freddie Mac, FHA and affordable multifamily loans.
PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of Prudential Financial Inc.
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In this newly created role, Wiggins reports to Mike McRoberts, PGIM Real Estate’s Head of Agency Lending and Chairman of the agency platform. She will be based in the firm’s Arlington, Va., office. Wiggins is a member of the agency platform’s senior leadership team and has direct responsibility for driving strategic loan production across the business.
Wiggins will serve as a central point of contact for the agency platform’s borrowers, intermediaries and internal team members in order to maximize the efficiency and integrity of its transactions process. She will also oversee debt structuring, pricing strategy, transaction negotiation and closing, and due diligence review.
Wiggins brings to PGIM Real Estate more than 30 years of commercial real estate finance experience. Most recently, she was a Senior Vice President and Chief Production Officer for the FHA team at Walker & Dunlop, where she oversaw multifamily loan production through the U.S. Department of Housing and Urban Development. Wiggins is also a PGIM Real Estate alumni, having previously served as a director and senior investment officer from 1997 to 2000.
JLL Hires Putterman, Shea and Nolan to Focus on Single-Family Rental Assets
With institutional investor interest in single-family rentals rising, JLL Capital Markets created a team to specialize in this alternative asset class. JLL’s newly formed national team includes Matthew Putterman, Chris Shea and Zach Nolan and is overseen by Bill Miller, who co-leads the firm’s National Multi-Housing Group.
RCLCO Announces Leadership Transition
Real estate advisory firm RCLCO Real Estate Advisors, Bethesda, Md., announced that after leading the firm for 40 years, CEO Gadi Kaufmann has transitioned to the role of Chairman, promoting long-term colleagues and fellow members of the Executive Committee, Taylor Mammen and Adam Ducker to CEOs of RCLCO’s business units.
Ducker, based in the Washington, D.C. area, will become Chief Executive Officer of RCLCO and oversee the firm’s Real Estate Economics and Management Consulting practices. He joined RCLCO nearly 25 years ago.
Mammen, based in Los Angeles, will become Chief Executive Officer of RCLCO Fund Advisors, which advises institutional investors on real estate investments. In Taylor’s 15-year history with the firm, he pioneered RCLCO’s investment advisory business.
The three will continue to serve as RCLCO’s Executive Committee making day-to-day decisions regarding operations of the firm.
