Principal Real Estate Investors manages or subadvises $44.4 billion* in commercial real estate assets, primarily for retirement plans and institutional clients. Principal Real Estate Investors is the fourth largest institutional real estate manager in the United States based on tax-exempt assets under management.1
The vision for Principal Real Estate Investors is to be recognized as a premier investment manager for institutional clients. We will continue to capitalize on our expertise in the private and public equity and debt markets. With this commitment, existing and new resources will be allocated to asset management, portfolio management and client service functions as needed.
Principal Real Estate Investors utilizes a relative value approach in all investment management decisions. This team based, time-tested process includes rigorous, in-depth research and focuses on maximizing investment returns that are consistent with clients' risk tolerances and preferences.
The relative value framework places significant emphasis on the measurement and management of risk and return. We rely on the following:- Understanding and respecting client investment objectives, including risk tolerances;
- Ongoing, active monitoring of real estate space and capital markets. We seek market sectors that provide potential for the highest possible risk-adjusted returns;
- Optimizing asset and portfolio performance by focusing on asset-by-asset performance maximization within the context of overall portfolio guidelines.
1Pensions & Investments magazine annual survey of real estate managers, October 15, 2007
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*As of September 30, 2008. Principal Global Investors is the asset management arm of the Principal Financial Group® (The Principal®)1 and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; and the majority owned affiliates of Principal International, Inc.
1"The Principal Financial Group" and "The Principal" are registered trademarks of Principal Financial Services, Inc., a member of the Principal Financial Group.
