James Glen joined Prudential Real Estate Investors as a principal and portfolio manager for its core U.S. real estate fund, spokesman John Chartier said in an e-mail.
Mr. Glen was hired to fill a position that will open in January when Cathy Marcus a managing director and senior portfolio manager with the fund moves into the role of global chief operating officer at PREI. At that time, Frank Garcia, a managing director and portfolio manager with the fund will move into Ms. Marcus’ senior portfolio manager position and Mr. Glen will take on Mr. Garcia’s position.
Ms. Marcus will continue to work with the fund through the end of 2015.
Mr. Glen will focus on asset management oversight and transactions.
Mr. Glen was global head of research and strategy in BlackRock’s real estate group. Tara McDonnell, BlackRock spokeswoman, declined to comment.