| Company: | Principal Real Estate Investors | |||
| Address: | 801 Grand Avenue | |||
| City: | Des Moines | |||
| State: | IA | |||
| Zip: | 50392 | |||
| Phone: | 800-533-1390 | |||
| Fax: | 866-850-4023 | |||
| Email: | brett.kari@principal.com | |||
| Website: | www.principalglobal.com | |||
| Key Executive | ||||
| 1. Name: | Pat Halter | |||
| Title: | Chief Executive Officer | |||
| 2. Name: | Randy Mundt | |||
| Title: | President & Chief Investment Officer | |||
| 3. Name: | Todd Everett | |||
| Title: | Managing Director – Head of Real Estate Fixed Income Group | |||
| 4. Name: | Steve Graves | |||
| Title: | Managing Director – Chief Operating Officer | |||
| *Number of Offices: | 3 | |||
| *Number of Employees: | 476 | |||
| *Gross Revenues Fiscal Year 2006: | 38.5 billion | |||
| *Projected Revenues Fiscal Year 2007: | 0.0 million | |||
| Selected Areas of Specialization: | We provide clients with access to opportunities across the spectrum of public and private equity and debt investment alternatives, allowing institutional RE investors to customize portfolios to their specific objectives & risk management guidelines. | |||
| Company Overview: | Principal Real Estate Investors, the dedicated real estate group of Principal Global Investors, manages or subadvises $40.4 billion in commercial real estate assets*, primarily for retirement plans and other institutional clients. Principal Real Estate Investors is the fourth largest institutional real estate manager in the United States based on tax-exempt assets under management. Our greatest strength is our experienced staff and depth of resources. We employ 223 real estate investment professionals, supported by a large, diverse staff of specialized real estate administration and operations personnel. Principal’s history in real estate asset management spans over five decades. Our people and their broad relationship networks provide in-depth research and transaction coverage of over 60 metropolitan property markets. This depth of expertise, combined with state of-the-art research and investment monitoring techniques, helps us identify a broad range of investment opportunities and creative strategies for the benefit of our clients. | |||
| *Total Portfolio Size: | 16,108,396,561.00 | |||
| Number of buildings: | 1610 | |||
| Square Footage: | 123,874,081.00 | |||
| Number of Units/Rooms: | 22,161 | |||
| *Total Value of Portfolio: | 16.1 billion | |||
| Percentage by Property Type: | ||||
| Speculative: | % | |||
| Build-to-Suit: | % | |||
| Preleased: | % | |||
| Percentage by Property Type: | ||||
| Office: | 29 % | |||
| Industrial: | 32 % | |||
| Retail: | 19 % | |||
| Apartments: | 18 % | |||
| Hotels: | % | |||
| Other: | 2 % | |||
| (Please specify) | Land | |||
| Percentage by Geographic Area: | ||||
| Northeast: | 15 % | |||
| Southeast: | % | |||
| Midwest: | 13 % | |||
| Southwest: | 20 % | |||
| West: | 52 % | |||
| International: | % | |||
| Total Starts in 2006: | 127 | |||
| Total Completions in 2006 | ||||
| Number of buildings: | 95 | |||
| Square Footage: | 7,292,017 | |||
| Number of Units/Rooms: | 349 | |||
| Total Value of Completions in 2006: | 2.1 billion |
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Principal Real Estate Investors
Pat Halter
Chief Executive Officer
2006 Gross Revenues: $ 38.5 billion
2007 Projected Revenues: $0.0 million
Total Portfolio Size: 16,108,396,561.00
Total Value of Portfolio: $ 16.1 billion
Number of Offices: 3
Number of Employees: 476
Pat Halter
Chief Executive Officer
2006 Gross Revenues: $ 38.5 billion
2007 Projected Revenues: $0.0 million
Total Portfolio Size: 16,108,396,561.00
Total Value of Portfolio: $ 16.1 billion
Number of Offices: 3
Number of Employees: 476
Contact Information
| Address | 801 Grand Avenue |
| City | Des Moines |
| State | IA |
| Zip | 50392 |
| Phone | 800-533-1390 |
| brett.kari@principal.com | |
| Fax | 866-850-4023 |
| Web | www.principalglobal.com |