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
People:
Principal Real Estate Investors portfolio
$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
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 1 for $161 million
Borrower company: 1 for $39 million
Lender company: 12 for $408.4 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Skyview on the Hudson cooperative (2), Aulder Capital (2), Feil Organization (2), James R. Gaston (1), 900 West 190th Street cooperative (1), Lewis Barbanel (1), James Glickson (1), Black Bear Asset Management (1), Benenson Capital Partners (1), Principal Real Estate Investors (1)
Top Ten Associated People:
Lewis Barbanel (2), Steve Chait (2), John Reid (2), Jeffrey J. Feil (2), James R. Gaston (1), William L. Blum (1), James Glickson (1), William Fung (1), Kristine Soliday (1), Jill M. Lauckner (1)
Latest Stories:
• Black Bear Asset Management signs $58M refi for office condo in SoHo (June 13, 2023)
• Slate Property Group pays $120M for 166-unit UWS rental (June 07, 2023)
• GFP, Steinberg & Pokoik sign $28M refi for office in Garment District (April 19, 2023)
• GFP Real Estate signs $47M refi loan with JPMorgan Chase for office in NoMad (September 12, 2022)