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Home Liquid debt real estate strategies
LIQUID DEBT

Liquid Debt

Market-responsive, flexible strategy designed to move up and down the risk spectrum based on assessment of risk premiums relative to the outlook for longer term fundamental investment performance.

Liquid Debt strategy differentiators

  • Diversified, efficient exposure to U.S. commercial real estate debt and preferred securities issued by Real Estate Investment Trusts.

  • Public real estate debt markets are actively traded, allowing for active management.

  • 20+ years of managing CMBS portfolios has helped forge wide-ranging relationships among market participants, allowing access to valuable market information and investment opportunities.

  • Team roots coincide with the beginnings of the modern CMBS market. We have modeled every fixed-rate conduit CMBS deal since 1999.

The opportunity for investors

  • CMBS offers potential for yield enhancement and diversification in an alternative credit exposure compared to corporate bonds.

  • May provide potential for attractive risk-adjusted returns available over a variety of market environments.

  • Complement to private debt strategies offerings: public market liquidity, efficient and timely capital deployment, and diversification.

  • Offers ability to scale risk up or down by introducing a debt component to a public real estate strategy.

Principal Real Estate

Our dedicated listed infrastructure investment team within Principal Real Estate brings complementary experience investing in infrastructure and broader public equity markets around the world.

Chief Investment Officer, CMBS
Marc Peterson, CFA
31 years of experience
Trader
Jason Haigh
24 years of experience
Learn more

Get the latest insights.

Past performance does not guarantee future results.

Investing involves risk, including possible loss of principal.

Real estate investment options, such as commercial mortgage-backed securities (CMBS), 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.

Fixed-income investment options that invest in mortgage securities, such as commercial mortgage-backed securities, are subject to increased risk due to real estate exposure and carry greater risk compared to other securities in times of market stress.

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