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Since 1982, the Account has been offered to plans as an open-end, commingled real estate fund. The Account is a diversified real estate equity fund consisting primarily of high quality, well-leased real estate properties in the multi-family, industrial, office, retail and hotel sectors. The Principal U.S. Property Account is managed by Principal Real Estate Investors, an SEC-registered investment adviser with over 170 investment professionals managing over $34.5 billion in commercial real estate assets.
Principal U.S. Property Account Background The Principal U.S. Property Account is an insurance company separate account managed by Principal Real Estate Investors, LLC, and maintained by Principal Life Insurance Company. It is available, through group annuity contracts issued by Principal Life Insurance Company, to plans meeting the requirements for qualifi cation under Section 401(a) of the Internal Revenue Code of 1986 (“Code”), as amended, and governmental plans meeting the requirements of Section 457 of the Code, as amended.
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