{"url":"https://nivawealth.com/firms/principal-real-estate-investors-109008","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/109008","regulatoryAum":105646930594,"crd":"109008","secFileNumber":"801-55618","legalName":"Principal Real Estate Investors, LLC","displayName":"Principal Real Estate Investors","website":null,"linkedinUrl":"https://www.linkedin.com/company/principal-asset-management","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"801 Grand Ave","city":"Des Moines","state":"IA","stateName":"Iowa","country":"United States","postalCode":"50392-0001"},"tradeNames":["Principal Asset Management"],"registration":{"secApproved":"4 November 1999","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":477,"advisory":310,"brokerDealerReps":0,"insuranceAgents":4,"promoters":0},"aum":{"discretionary":73925518808,"discretionaryAccounts":624,"nonDiscretionary":31721411786,"nonDiscretionaryAccounts":57,"wrapProgram":244966870,"nonUsClientsPct":25,"nonAumClients":20},"clientTypes":[{"label":"Individuals (other than HNW)","clients":427,"regulatoryAum":112841277},{"label":"High-net-worth individuals","clients":37,"regulatoryAum":74259681},{"label":"Banking or thrift institutions","clients":39,"regulatoryAum":8035710061},{"label":"Investment companies","clients":16,"regulatoryAum":9702679804},{"label":"Pooled investment vehicles","clients":6,"regulatoryAum":591066125},{"label":"Pension and profit-sharing plans","clients":39,"regulatoryAum":8680604848},{"label":"Charitable organizations","clients":6,"regulatoryAum":495991335},{"label":"State or municipal government entities","clients":52,"regulatoryAum":41032419442},{"label":"Insurance companies","clients":46,"regulatoryAum":29340685539},{"label":"Sovereign wealth funds and foreign official institutions","clients":5,"regulatoryAum":387754080},{"label":"Corporations and other businesses","clients":8,"regulatoryAum":7192918402}],"fees":[],"feeNotes":[],"custodians":[{"name":"Wells Fargo Bank","shortName":"Wells Fargo Bank","location":"San Francisco, CA","smaAssets":15653165273}],"custodyNote":"Principal Real Estate Investors has custody of $12.15B for 29 clients.","otherCustodians":[],"leadership":[{"name":"Jill Hittner","title":"Chief Financial Officer","crd":"5309846"},{"name":"Justin Lange","title":"Chief Compliance Officer","crd":"7638768"},{"name":"Kamal Bhatia","title":"Director","crd":"4933060"},{"name":"George Djurasovic","title":"General Counsel","crd":"4228028"},{"name":"Todd Everett","title":"Director","crd":"6629511"},{"name":"George Maris","title":"CIO & Global Head of Equities","crd":"5899106"},{"name":"Barbara Wenig","title":"Chief Business Officer","crd":"5412981"}],"ownership":[{"label":"Principal Global Investors Holding Company (us) LLC","detail":"100% ownership in the 75% or more ownership band and a control person, since May 2017."},{"label":"Principal Financial Group, Inc.","detail":"Indirect owner: a 100% owner of Principal Financial Services, Inc. in the 75% or more band and a control person, since October 2001.","parent":"Principal Financial Services, Inc."},{"label":"Principal Financial Services, Inc.","detail":"Indirect owner: a 100% owner of Principal Global Investors Holding Company (us) LLC in the 75% or more band and a control person, since May 2017.","parent":"Principal Global Investors Holding Company (us) LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":15,"privateResidences":0},"listedOfficeAddresses":7,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"1920 Main ST","city":"Irvine"}]},{"state":"Georgia","offices":1,"addresses":[{"street":"3625 Cumberland BLVD","city":"Atlanta"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"One North Wacker Drive","city":"Chicago"}]},{"state":"Iowa","offices":1,"addresses":[{"street":"801 Grand Ave","city":"Des Moines","headquarters":true}]},{"state":"Minnesota","offices":1,"addresses":[{"street":"11100 Wayzata BLVD","city":"Minnetonka"}]},{"state":"New York","offices":1,"addresses":[{"street":"888 7th Avenue","city":"New York"}]},{"state":"Oregon","offices":1,"addresses":[{"street":"5885 Meadows Road","city":"Lake Oswego"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"800-787-1621","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":38},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":50},{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":11,"detail":"These Securities Include Non-Agency Issued Securitized Debt Instruments (i.e. Collateralized Mortgage Backed Securities, Asset Backed Securities and Collateralized Mortgage Obligations)."}],"privateFunds":18},"sources":{"adv1FilingDate":"19 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/109008/PDF/109008.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Principal Real Estate Investors have?","answer":"Principal Real Estate Investors has 681 clients and manages $105.6 billion for them, as of August 2026. They include 427 other individuals, 52 state or municipal government entities and 46 insurance companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 19 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Principal Real Estate Investors offer?","answer":"Principal Real Estate Investors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Principal Real Estate Investors use?","answer":"Principal Real Estate Investors’ separately managed account assets are held at Wells Fargo Bank (San Francisco, CA), with $15,653,165,273. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Principal Real Estate Investors have?","answer":"Principal Real Estate Investors has 0 investment adviser representatives registered with state securities authorities, out of 477 employees, and 310 perform investment advisory functions. 0 are registered representatives of a broker-dealer and 4 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Principal Real Estate Investors invest in?","answer":"At the end of its last fiscal year, Principal Real Estate Investors’ separately managed accounts held 50% pooled vehicles (private funds and similar), 38% exchange-traded equities, 11% these securities include non-agency issued securitized debt instruments (i.e. collateralized mortgage backed securities, asset backed securities and collateralized mortgage obligations). and 1% cash and equivalents. It advises 18 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Principal Real Estate Investors?","answer":"Principal Real Estate Investors is owned through a chain of holding companies by Principal Financial Group, Inc. Its direct owner is Principal Global Investors Holding Company (us) LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 19 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Principal Real Estate Investors get paid?","answer":"Principal Real Estate Investors is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}