Principal Real Estate Investors

(Principal Asset Management, Principal Global Investors, Principal Financial Group, Principal Financial Services, Principal Life Insurance Company, Principal Life Insurance)

Lender

801 Grand Ave, Des Moines, IA 50309

principalam.com/us

People:

To see the 11 people from this company you need a Professional level subscription

Subscribe ($125/month)

Principal Real Estate Investors NYC portfolio

$167.2 million -elevator 98%, industrial 1%; Brooklyn 69%, Queens 30%*

1078th largest portfolio by dollar value

489,303 sqft – elevator 97%, industrial 2%; Brooklyn 68%, Queens 31%

840th largest by SF

3 properties – Queens 66%, Brooklyn 33%

2693th largest

531 residential units – Brooklyn 68%, Queens 31%

573th largest by residential units

Company Activity past 24 months:

Seller company: 2 for $267.6 million

Lender company: 7 for $299.6 million

Latest Stories:

• Thor Equities ups debt to $16M with Northeast Bank for office building in Flatiron District (January 04, 2026)

• Vornado Realty Trust pays $218M to Cohen Brothers Realty for office in Midtown East (September 09, 2025)

• Mattone Investors signs $29M refi with Barclays for Home Depot-leased property in Jamaica (August 14, 2025)

• Prestige Properties signs $44.5M refi with Principal for mixed-use in Jamaica Estates (May 20, 2025)

• 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)

• Michael, Edward Ostad sign $90M loan with Derby Copeland for $102.5M Brooklyn portfolio (February 06, 2025)

• Eduart Shllaku pays Barberry Rose $20.35M for 155-unit rental in Jamaica Estates (February 04, 2025)

• Sentry Realty, 60 Guilders pay $75.2M to Invesco for office in Garment District (January 23, 2025)

Properties:

To see the 3 properties for this company you need a Professional level subscription