PGIM Real Estate makes senior hire in Italy

PGIM Real Estate has hired Musie Bocrezian, as executive director and head of transactions for Italy, based in its newly opened office in Milan, effective immediately. 

Bocrezian leads the firm’s efforts to source and execute investment opportunities in Italy. PGIM Real Estate is the real estate investment and financing business of PGIM, the USD1.3 trillion global investment management business of Prudential Financial, Inc. 

In this newly created role, Bocrezian adds local expertise to PGIM Real Estate’s ongoing investment activity in the region for European mandates, identifying acquisition opportunities and building out the firm’s local presence. Specifically, Milan’s real estate market presents attractive opportunities in the office space, logistics and developing residential sectors.

Bocrezian brings a wealth of knowledge on the local market, having worked in the sector for over a decade. He joins from Fortress Investment Group where he was an investment director responsible for the sourcing and execution of value-add and opportunistic deals for the real estate business. Previously he was a director at Kryalos Group (Blackstone’s Italian operating partner) for four years, based in Milan, where he was in charge of acquisition and asset management duties. Bocrezian reports to Sebastiano Ferrante, head of Germany and Italy, and works closely with the transactions team based in Frankfurt, Germany.

Ferrante says: “We are delighted to welcome Musie to the team to strengthen our local expertise in Europe. A dedicated on-the-ground presence with specialist insight is key to our ability to deliver on our clients’ needs. Musie’s deep understanding of the market better positions us to not only manage existing assets but to identify attractive investment opportunities in the region, which play into our long-term strategy for European mandates.”

Bocrezian says: “This is an exciting time to join PGIM Real Estate and build the firm’s presence in Italy. I look forward to working with the team to pursue compelling investment opportunities in the region.”