Office building windows showing lobby stairs and two associates sitting on a bench inside

Strategy differentiators

  • The strategy benefits from consistent and stable leadership—Kelly Rush founded our REIT capabilities over 20 years ago.

  • The team can leverage the extensive resources of the broader global real estate platform and has a track record of consistent and attractive risk-adjusted returns generated through bottom-up stock selection.

  • “Quality at a reasonable price” investment style favors above average companies trading at average or discounted valuations.

  • Thoughtful portfolio construction—a process that strives to deliver consistent excess returns by capturing frequent and diversified mispricing opportunities.

Strategy facts

  • Asset class

    Real Estate

  • Manager

    Principal Real Estate

  • Launch date

    01 February 2007

  • APIR PIC

    PGI0002AU

  • Benchmark

    FTSE EPRA/NAREIT Developed Index NTR (hedged to AUD)

Portfolio management

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
Chief Executive Officer, Public Real Assets & Chief Investment Officer, Real Estate
Name
Kelly D. Rush, CFA
38 years of experience
PM Title
Global Portfolio Manager, Real Estate Securities
Name
Anthony Kenkel, CFA, FRM
25 years of experience
PM Title
Global Portfolio Manager, Real Estate Securities
Name
Simon Hedger
44 years of experience
Learn more

Please refer to the relevant Target Market Determination and Product Disclosure Statements of the Funds for further details.

Past performance is not indicative of future performance.

Investing involves risk, including possible loss of principal.