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Through our commitment to responsible property investing and strong governance practices, we seek to invest in and lend on real estate that delivers positive financial and ESG outcomes for all stakeholders while promoting health and wellbeing for tenants and residents, minimizing environmental impacts, and enhancing the communities where we invest.

Principal Real Estate is recognized globally as a leader in sustainable investing.1

  • Longstanding commitment to corporate stewardship and responsible property investing.

  • Net zero carbon commitment by 2050.2

  • Holistic approach to ESG integrated throughout the property investment life cycle for private equity and private debt.

  • Proprietary ESG scoring for public equity investments and ESG risk underwriting for public debt investments.

Pillars of Responsible Property Investing (PRPI)

Responsible property investing pillars

Signatory to the Principles for Responsible Investment since 2010.3

GRESB 4-star rating
sixth consecutive year, 20214

In order to receive a ranking, the Firm paid GRESB an application fee to be evaluated and use the ranking.

Partner of the Year, 2016-2022
Sustained Excellence, 2018-20225

Gold recognition
second consecutive award, 2017, 20206

Our dedicated real estate ESG team

Principal Real Estate

Our experienced investment teams provide comprehensive, specialized, and sustainable capabilities across all four quadrants of commercial real estate—public equity, private equity, public debt, and private debt—and more recently, infrastructure investing. Whatever real estate strategy or combination of strategies you believe is right for your objectives, we can help.

PM Title
Managing Director - ESG and Operations
Name
Jennifer McConkey
27 years of experience
PM Title
ESG Analyst
Name
Madeline O’Donnell
5 years of experience
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1 As recognized by the Global Real Estate Sustainability Benchmark (GRESB) assessment – 4-star rating, sixth consecutive year (2021), data as of December 2020. In order to receive a ranking, the Firm paid GRESB an application fee to be evaluated and use the ranking. ENERGY STAR - Partner of the Year 2016-2022, Sustained Excellence 2018-2022. Energy Star, 2022 Energy Star Partner of the Year, awarded to Principal Real Estate Investors. The U.S. Environmental Protection Agency (EPA) annually honors organizations that have made outstanding contributions to protecting the environment through energy efficiency, April 2022. Principal Global Investors became a Signatory to the Principles for Responsible Investment in 2010.

2 For private equity discretionary open-end funds. There is no guarantee that the net zero commitment will be achieved.

3 Principal Global Investors, LLC is a Signatory to the Principles for Responsible Investment (PRI) since 2010. Principal Global Investors full Assessment Report and Transparency Report are available upon request.

4 2021 Global Real Estate Sustainability Benchmark (GRESB) assessment, data as of December 2020.

5 Energy Star, 2022 Energy Star Partner of the Year, awarded to Principal Real Estate Investors. The U.S. Environmental Protection Agency (EPA) annually honors organizations that have made outstanding contributions to protecting the environment through energy efficiency, April 2022.

6 IMT and the U.S. Department of Energy's Better Building Alliance awards landlords and tenants who incorporate green leasing to drive high-performance and healthy buildings. Each award is valid for 3 years. Principal was a Green Lease Leader recipient in 2017 and earned Green Lease Leader Gold Recognition in 2020. Visit Green Lease Leaders for more information.

Past performance does not guarantee future results.

Third party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluation.

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 nay ESG component in our investing strategy will be successful.

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.

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