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Graaskamp Sustaining Advisory Board

Stephen P. Bailey

Stephen Bailey

Managing Director

PGIM

Steve Bailey is a managing director at PGIM Real Estate and head of PGIM Real Estate Debt Strategies (PREDS). Based in New York, Mr. Bailey is responsible for managing all aspects of PGIM Real Estate’s U.S. debt investment funds and vehicles, including portfolio strategy, investment decisions, and management of the investment team. PREDS focuses on investing in real estate high- yield debt in the United States on behalf of institutional clients.
Previously, Mr. Bailey was a senior managing director and co-head of the Debt group at Heitman LLC, where he was responsible for strategy, business development, investment and portfolio management activities related to all debt investment mandates executed on behalf of clients. In that role, Mr. Bailey was also a member of Heitman’s Senior Management and Debt Investment Committees.
Prior to that, he was an executive vice president and regional manager within the Commercial Real Estate business at US Bancorp. Previously, Mr. Bailey held various roles in the real estate banking and real estate development sectors. Mr. Bailey has a bachelor’s degree in construction administration from the University of Wisconsin and a Master of Business Administration from the University of Minnesota.