Principal Real Estate Investors
(Principal Life Insurance Company, Principal Global Investors, Principal Financial Group, Principal Life Insurance, Principal Asset Management, Principal Financial Services)
Lender
801 Grand Ave, Des Moines, IA 50309
People:
Principal Real Estate Investors NYC portfolio
$167.2 million -elevator 98%, industrial 1%; Brooklyn 69%, Queens 30%*
1182th largest portfolio by dollar value
489,303 sqft – elevator 97%, industrial 2%; Brooklyn 68%, Queens 31%
918th largest by SF
3 properties – Queens 66%, Brooklyn 33%
2841th largest
531 residential units – Brooklyn 68%, Queens 31%
629th largest by residential units
Company Activity past 24 months:
Seller company: 1 for $95.5 million
Lender company: 7 for $185.1 million
Top Ten Associated Companies:
MassMutual (1), Principal Real Estate Investors (1), Vanbarton Group (1), Barings (1), Breaking Ground (1), ACORE Capital (1), MetLife (1)
Top Ten Associated People:
Kristine Soliday (1), Jill M. Lauckner (1), Damiano Buffa (1), Mark Freeman (1), David Beer (1)
Recent activity as company:
• AAG Management borrowed $30 million from Transamerica Financial Life Insurance Company for 2169 Broadway on July 31, 2026.
• Vendome Property Management Company borrowed $40.5 million from Principal Real Estate Investors for 28 Grand Street on July 17, 2026.
• Greystone Management borrowed $10 million from Principal Real Estate Investors for 303 West 98 Street on July 02, 2026.
• Blue Sea Development Company borrowed $18 million from Principal Real Estate Investors for 225 8th Avenue, 219 8th Avenue, and 303A West 21st Street, Chelsea, Manhattan on June 16, 2026.
• Thor Equities borrowed $16 million from Northeast Bank for 139 5 Avenue on December 23, 2025.
• Vornado Realty Trust borrowed $145.4 million from JPMorgan Chase for 611 5th Avenue, Midtown East, Manhattan on September 04, 2025.
• Mattone Investors borrowed $29 million from Barclays for 92-36 168 Street on July 29, 2025.
• 85 Livingston Street cooperative borrowed $11.5 million from Principal Real Estate Investors for 85 Livingston Street, Downtown Brooklyn, Brooklyn on June 27, 2025.
• Prestige Properties & Development borrowed $44.5 million from Principal Real Estate Investors for 176-70 Union Turnpike on May 06, 2025.
• Feil Organization borrowed $40 million from Principal Real Estate Investors for 1488 3 Avenue on May 01, 2025.
Latest Stories:
• Feil signs $40M refi with Principal for 178-unit rental in Carnegie Hill (May 14, 2025)
• 274-unit Park Ten co-op signs $35M refi in Lincoln Square (March 18, 2025)
• Vanbarton files to convert 77 Water in FiDi into 651-unit apartment building (February 25, 2025)
Properties: