Kristine Soliday
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
Principal Real Estate Investors portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$80.5 million – elevator 98%, industrial 1%; Brooklyn 64%, Queens 35%
652th largest portfolio by dollar value
489,303 sqft – elevator 97%, industrial 2%;
605th largest by SF
3 properties – Queens 66%, Brooklyn 33%
154th largest
531 residential units – Brooklyn 68%, Queens 31%
360th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 1 for $161 million
Borrower signatory: 0 for $0
Lender signatory: 1 for $39 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Twining Properties (1), Principal Real Estate Investors (1), BedRock Real Estate Partners (1), Barings (1), ACORE Capital (1)
Top Ten Associated People:
Neil Duncan (1), Joshua Donohue (1), Stacia L. Snyder (1), Mark Freeman (1)
Recent activity as signatory:
• Principal Real Estate Investors sold 1370 Avenue Of The Americas, Midtown West, Manhattan for $161 million to Barings on May 01, 2024.
• Twining Propertiesand Principal Real Estate Investorsand BedRock Real Estate Partners borrowed $39 million from Principal Real Estate Investors for 27-19 44th Drive and 44-16 Purves Street, Long Island City, Queens on February 09, 2024.
• William Kaufman Organizationand Principal Real Estate Investors borrowed $121.1 million from ACORE Capital for 77 Water Street, Financial District, Manhattan on August 26, 2022.