Troy Koerselman
(Troy A. Koerselman)
Managing Director – Asset Management
Principal Real Estate Investors
(Principal Life Insurance Company, Principal Global Investors, Principal Financial Group, Principal Life Insurance, Principal Asset Management, Principal Financial Services)
Owner
801 Grand Ave, Des Moines, IA 50309
Principal Real Estate Investors NYC portfolio
$167.2 million -elevator 98%, industrial 1%; Brooklyn 69%, Queens 30%*
1263th largest portfolio by dollar value
489,303 sqft – elevator 97%, industrial 2%; Brooklyn 68%, Queens 31%
943th largest by SF
3 properties – Queens 66%, Brooklyn 33%
2960th largest
531 residential units – Brooklyn 68%, Queens 31%
667th largest by residential units
Top Ten Associated Companies:
Breaking Ground (1)
Top Ten Associated People:
David Beer (1)
Recent activity as signatory:
• CenterSquare Investment Management, Principal Real Estate Investors and 60 Guilders sold 1768 3 Avenue for $172.1 million to Breaking Ground on June 26, 2024.