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NORTHBROOK, Ill. (May 15, 2023) – Pine Tree today announced that it has appointed Steve Vittorio to the company’s Board of Directors. A veteran of the commercial real estate industry, Vittorio spent nearly 40 years with Prudential and eventually PGIM, their global asset management business, where he led their retail group and managed a portfolio of over $5 billion.

“The future holds a lot of potential for Pine Tree,” said Vittorio. “They are incredibly humble in their approach, forward-thinking, dynamic, and driven to serve their stakeholders, and that’s why I was initially drawn to them. I’m excited to be a part of their progress.”

Beginning his career at Prudential in 1984, Vittorio oversaw asset management of multiple asset classes before becoming the organization’s leading retail expert, including: overseeing the sale of their regional mall portfolio in the 1990s, becoming a member of both their Latin America and U.S. investment committees, spearheading the establishment of programmatic retail investment relationships throughout the U.S., and eventually creating and leading PGIM’s entire retail asset management group. He retired from PGIM in 2023.

“We look forward to enhancing the governance of the company with the addition of Steve,” said Peter Borzak, Pine Tree’s CEO and Chairman. “His long career leading PGIM’s retail asset management business and his wealth of experience will be invaluable as Pine Tree continues to grow one of the country’s leading privately-owned, national, open-air retail real estate investment and management platforms.”

Vittorio is a past trustee of the ICSC Board of Directors and currently serves as a trustee on the ICSC Foundation Board of Directors as well as their Investment Committee. He is a graduate of the University of Virginia and earned his MBA at the University of St. Thomas in Houston.