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Principal Real Estate Investors is a top ten global real estate manager1 with over sixty years2 of experience. We offer compelling, differentiated solutions for our clients across public and private equity and debt, and the risk/return spectrum.

Global perspective across the full spectrum of real estate

Private equity

We provide experience across a range of investment capabilities from traditional core strategies to opportunistic property development and redevelopment. We source and close a significant number of investments to meet the targeted outcomes of our investors.

Public equity

An early mover within the Real Estate Investment Trust (REIT) space, we've used our expert knowledge of the various commercial real estate security property sectors and regions to exploit market inefficiencies with the goal to generate alpha for our clients.

Private debt

With more than 60 years2 of private debt investment experience and over 110 investment professionals,3 we've earned a reputation as a leader in the private debt market. Our debt strategies are available through a variety of investment options.

Public debt

As one of the early investors in CMBS, our public debt team has modeled every U.S. fixed-rate conduit deal since 1999. With diverse offerings across the risk spectrum, our CMBS strategies can suit any number of investor appetites, from buy-and-hold to opportunistic.

Multiple risk-return options

Chart showing multiple risk-return options in core, core-plus, value-added, and opportunistic real estate sectors


For illustrative purposes only and not a projection of returns to any investor. This information is intended to show a general risk profile and is based upon certain assumptions that may change. The characterization of the increasing risk is only made to illustrate the Firm's view of the relative increasing investment risks inherent in these types of real estate investments. All are subject to various risks, none of which are outlined. An investor must be prepared to bear capital losses, including a loss of all capital invested.

Real estate solutions with a 360° view

Full spectrum of opportunities illustration

Full spectrum of opportunities

We offer clients a wide range of capabilities through our investment platform, and strive to deliver consistent, risk-appropriate performance and strong relative value. We believe research is key to delivering on our clients' investment outcomes. It's also our fundamental factor in evaluating the relative value of each investment opportunity. We base our investment decisions on a combination of bottom-up asset analysis and top-down economic and sector analyses. In a constantly evolving marketplace, innovation is critical to that mission, whether it's sustainable investing or "next-generation" investment strategies.

Market-level expertise illustration

Market-level experience

We have over 300 real estate investment professionals in major markets averaging over 16 years of industry experience and more than 14 years of firm experience.3 Our team benefits from on-the-ground experience and access to local markets for a broader view of high-quality, global real estate opportunities and diversified sector-specific strategies. With extensive, deep-rooted market connections, we don't just watch markets move, we actively engage throughout the investment cycle.

Responsible approach to investing illustration

Responsible approach to investing

Interest in environmental, social, and governance (ESG) investing has grown exponentially over the last few years. We believe that real estate investment can be both responsible and rewarding. Investors are demanding increased transparency and performance on ESG criteria such as greenhouse gas (GHG) emissions, energy and water consumption, diversity and inclusion, stakeholder engagement, and supply chain sustainability. Through responsible property investing, we focus on a continuous pursuit of ESG best practices to achieve positive financial results through enhanced returns and reduced risk.

Key investment ideas and solutions

Investment opportunities and differentiated real estate strategies.

Global Sustainable Listed Infrastructure Strategy

This ESG-focused, inflation-resilient fund can potentially provide rising income and steady returns through periods of higher inflation while aligning with sustainability objectives.

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Global Data Centres

Digital transformation and unprecedented global demand for data is creating compelling investment opportunities.

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Global Property Securities Strategy

Growing global sectors such as industrial, healthcare, and wireless towers may provide long-term performance while offering access to different currencies and economic cycles, adding a layer of diversification to your investments.

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We can help

Reach out to a Principal Asset Management representative today for more information.

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1 Managers ranked by total worldwide real estate assets (net of leverage, including contributions committed or received, but not yet invested; REOCs are included with equity; REIT securities are excluded), as of 30 June 2022. “The Largest Real Estate Investment Managers,” Pensions & Investments, 3 October 2022.

2 Principal Real Estate Investors became registered with the SEC in November 1999. Activities noted prior to this date above were conducted beginning with the real estate investment management area of Principal Life Insurance Company and later Principal Capital Real Estate Investors, LLC, the predecessor firm to Principal Real Estate Investors, LLC.

3 As of 31 March 2023.


Past performance does not guarantee future results.

Real estate investment options are subject to risks associated with credit, liquidity, interest rate fluctuation, adverse general and local economic conditions, and decreases in real estate values and occupancy rates.

ESG integration is considered across all actively managed asset classes, with the approach determined by each investment group's process. This information is specific to the strategies managed by the individuals providing this content and various investment teams across Principal may have differing views of this approach.

ESG criteria may present additional advantages or risks and does not protect against market risks or volatility. You should not make any investment assumptions based solely on the information contained herein. There is no assurance that any ESG component in our investing strategy will be successful.

Principal Real Estate is a trade name of Principal Real Estate Investors, LLC, an affiliate of Principal Global Investors.

MM12893 | 07/2023 | 2749103-072024