Principal Real Estate Investors
(Principal Asset Management, Principal Global Investors, Principal Financial Group, Principal Financial Services, Principal Life Insurance Company)
801 Grand Ave, Des Moines, IA 50309
People:
Principal Real Estate Investors NYC portfolio
$169.4 million* – elevator 98.0%, industrial 1.0%; Brooklyn 68.0%, Queens 31.0%
833th largest portfolio by dollar value
489,303 sqft – elevator 97%, industrial 2%;
612th largest by SF
3 properties – Queens 66%, Brooklyn 33%
2220th largest
531 residential units – Brooklyn 68%, Queens 31%
399th largest by residential units
Company Activity past 24 months:
Seller company: 3 for $428.6 million
Borrower company: 1 for $39 million
Lender company: 11 for $338.4 million
Top Ten Associated Companies:
Skyview on the Hudson cooperative (2), Feil Organization (2), Aulder Capital (2), Park Ten cooperative (1), 333 East 43rd Street cooperative (1), 610 West End Avenue cooperative (1), Alessandro Bonecchi (1), DLJ Real Estate Capital Partners (1), 300 Central Park West cooperative (1), Sholom & Zuckerbrot (1)
Top Ten Associated People:
Steve Chait (2), Lewis Barbanel (2), Jeffrey J. Feil (2), John Reid (2), John Waldes (1), Konrad Wos (1), Eric Reiff (1), Alessandro Bonecchi (1), Philip Tager (1), Franklin S. Zuckerbrot (1)
Recent activity as company:
• Eduart Shllaku borrowed $14.8 million from Ridgewood Savings Bank for 183-11 Hillside Avenue, Jamaica Estates, Queens on February 04, 2025.
• Sentry Realty and 60 Guilders borrowed $45.5 million from Fortress Investment Group for 1370 Broadway, Garment District, Manhattan on January 22, 2025.
• William Kaufman Organization and Principal Real Estate Investors sold 77 Water Street, Financial District, Manhattan for $95.5 million to Vanbarton Group on December 12, 2024.
• Sterling Organization borrowed $20.6 million from Principal Life Insurance Company for 307 Bruckner Boulevard, Mott Haven, Bronx on October 10, 2024.
• Skyview on the Hudson cooperative borrowed $90 million from Principal Real Estate Investors for 5900 Arlington Avenue, 5700 Arlington Avenue, 5800 Arlington Avenue, 5701 Arlington Avenue, N/A Arlington Avenue, and others, North Riverdale, Bronx on August 02, 2024.
• Invesco Real Estate borrowed $75 million from Principal Real Estate Investors for 1372 Broadway, Garment District, Manhattan on July 09, 2024.
• CenterSquare Investment Management, Principal Real Estate Investors and 60 Guilders sold 1760 3rd Avenue, Carnegie Hill, Manhattan for $172.1 million to Breaking Ground on July 01, 2024.
• Khedouri Ezair borrowed $18 million from Principal Life Insurance Company for 1230 Madison Avenue, Carnegie Hill, Manhattan on June 21, 2024.
• Principal Real Estate Investors sold 1370 Avenue Of The Americas, Midtown West, Manhattan for $161 million to Barings on May 01, 2024.
• Feil Organization borrowed $10.5 million from Principal Real Estate Investors for 134-142 East 22nd Street, Gramercy, Manhattan on April 17, 2024.
Latest Stories:
• Vanbarton files to convert 77 Water in FiDi into 651-unit apartment building (February 25, 2025)
• Sentry Realty, 60 Guilders pay $75.2M to Invesco for office in Garment District (January 23, 2025)
Properties: