Jason Frederick
Managing Director
Director – Portfolio Manager
Principal Real Estate Investors
(Principal Asset Management, Principal Global Investors, Principal Financial Group, Principal Financial Services, Principal Life Insurance Company, Principal Life Insurance)
801 Grand Ave, Des Moines, IA 50309
Principal Real Estate Investors NYC portfolio
$167.2 million -elevator 98%, industrial 1%; Brooklyn 69%, Queens 30%*
1083th largest portfolio by dollar value
489,303 sqft – elevator 97%, industrial 2%; Brooklyn 68%, Queens 31%
842th largest by SF
3 properties – Queens 66%, Brooklyn 33%
2706th largest
531 residential units – Brooklyn 68%, Queens 31%
580th largest by residential units
Person Activity past 24 months:
Lender signatory: 1 for $75 million
Top Ten Associated Companies:
Top Ten Associated People:
Jaime Kelley (1)
Recent activity as signatory:
• Vornado Realty Trust borrowed $145.4 million from JPMorgan Chase for 611 5th Avenue, Midtown East, Manhattan on September 04, 2025.
• Sentry Realty and 60 Guilders borrowed $45.5 million from Fortress Investment Group for 1370 Broadway on January 16, 2025.
• Invesco Real Estate borrowed $75 million from Principal Real Estate Investors for 1370 Broadway on June 28, 2024.
• Black Bear Asset Management borrowed $58 million from Morgan Stanley for 503 Broadway, SoHo, Manhattan on June 07, 2023.