PGIM Real Estate launched a research and development entity whose goal is to “accelerate advancements in the real asset industry,” according to the company, which defines the industry as real estate and renewable and digital infrastructure.
The venture, RealAssetX, will work with universities and tech companies to develop technologies in the sustainability and artificial intelligence sectors, among others. The goal is to develop these technologies with applications for owners, managers and operators of real estate.
“Investment managers’ success will be defined by their ability to be tech-enhanced through every stage of the investment lifecycle,” PGIM Real Estate co-CEO Raimondo Amabile said in a statement. “RealAssetX is…