According to a recent press release, Skinner will be based in Parsippany and will report directly to Lester Lockwood, managing director and co-head of global marketing and client service. He will be responsible for developing a strategy to expand PREI’s real estate investment offerings for defined contribution plans, such as 401(k)s. The plan is expected to include offerings in direct real estate, including office, multi-family, retail and industrial properties, as well as global real estate securities.
Skinner previously worked for J.P. Morgan Retirement Plan Services as head of institutional defined contribution investment only sales and marketing.
“David’s strong skill set and extensive experience in the defined contribution space will serve us well as we attempt to introduce and expand the use of real estate investment strategies into in this critical, rapidly growing market,” said Lockwood, in the announcement.
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