Principal Real Estate Investors LLC (Des Moines)

Name: Principal Real Estate Investors LLC
Address: 801 Grand Ave, Des Moines, IA, 50392
Telephone: 1-800-533-1390

Principal Real Estate Investors LLC is a large advisory firm based in Des Moines. It manages $22.66 billion of regulatory assets for 1,698 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Principal Real Estate Investors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and providing model portfolios. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Principal Real Estate Investors: assets under management

The assets under management (AUM) of Principal Real Estate Investors LLC is $22.66 billion. The firm's AUM has grown by 389% since the beginning of its operation, and $4.8 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $16.38 billion in discretionary accounts and $6.28 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.71 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $523.45 million.

Principal Real Estate Investors has custody of $1.39 billion in cash and securities for 27 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is other assets, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Principal Real Estate Investors LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Patrick Mccaughan serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of James Patrick Mccaughan is investment companies with 11 clients and $9.49 billion of assets under management. Among the 9 most similar advisory firms, Principal Real Estate Investors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $22.66 billion for 1,698 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Principal Real Estate Investors also advises several private funds. Namely, one hedge fund and two securitized asset funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $300,000,000.

Careers at Principal Real Estate Investors LLC

The company employs 429 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

James Patrick Mccaughan has been acting as President since 1 Nov 2011. Todd Eugene Everett joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Principal Global Investors	Sole member, 100% ownership	1 Sep 1998	75% - 100%	109002
Patrick Gregory Halter	Chief executive officer	1 Oct 1998	Other	4372565
Gregory Charles Hauser	Chief executive officer	1 Oct 1998	Other	4372550
Steven Kent Graves	Chief operating officer	1 Oct 1998	Other	4372575
Richard W Hibbs	Executive vice president - marketing	1 Oct 1998	Other	874204
Tim Howald	Board member	1 Nov 1998	Other	3070136
Stephen William Pick	Chief financial officer	1 Mar 2000	Other	4372599
Leanne Marie Valentine	Counsel	1 Mar 2001	Other	4380646
Randall Craig Mundt	President and chief investment officer	1 Jan 2002	Other	4372105
Frank Edward Schmitz	Managing head of real estate equity	1 Oct 2002	Other	4650707
Michael Migro	Chief compliance officer	1 Nov 2003	Other	4518525
Jerald Lee Bogart	Board member	1 Aug 2004	Other	1700772
Barbara Mckenzie	Executive director/chief compliance officer	1 May 2005	Other	4355260
Minoo Seraji Spellerberg	Chief compliance officer - north america	1 Mar 2007	Other	2756308
Jeffrey Hiller	Chief compliance officer-global	1 Apr 2007	Other	2612970
Karen Pearston	Counsel	1 Mar 2008	Other	5512274
James Patrick Mccaughan	Director	1 Nov 2011	Other	3074797
Julia Marie Lawler	Director	1 Dec 2012	Other	4372586
Andrew John Donohue	Chief compliance officer	1 Jan 2017	Other	2783317
Principal Global Investors Holding Company (Us) Llc	100% ownership	1 May 2017	75% - 100%	81-5287564
Todd Eugene Everett	Director	1 Sep 2018	Other	6629511

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Principal Life Insurance Company	100% owner	1 Sep 1998	75% - 100%	42-0127290
Inc. Principal Financial Services	100% owner	1 Oct 2001	75% - 100%	42-1520348
Inc. Principal Financial Group	100% owner	1 Oct 2001	75% - 100%	42-1520346
Inc. Principal Financial Services	100% owner	1 May 2017	75% - 100%	42-1520348

Based in Des Moines

The principal office where Principal Real Estate Investors LLC performs its advisory services is located at 801 Grand Ave, Des Moines, IA 50392 The mailing address of the firm is 711 High Street, Des Moines, IA 50392. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1-800-533-1390 or by fax 866-850-4024. The normal business hours are 8:00a.m. - 5:00p.m. on Monday - Friday. You can find more information about the New York firm at principalglobal.com/ and its LinkedIn profile.