Principal Asset Management

Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com!

Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Brief description about the position:

We’re looking for an Investment Director – Asset Management to join our Principal Real Estate team. In this role, you’ll be responsible for overseeing a United States geographical region focused solely on industrial logistics investments for a large Public Pension Fund client team on an existing portfolio!

Responsibilities:

The Separate Account team includes dedicated Asset Management and Portfolio Management staff who cover all major markets in the United States as well as Europe and Canada. The Account is production oriented with a heavy focus on industrial development with joint venture partners. The role specifically entails the following:

Joint Venture partner relationship management, especially with local development partners.

Communicate to our client the attributes of each investment owned and market dynamics.

Review and present recommendations on new prospective industrial development, core and value-add acquisition transactions within appropriate risk/return parameters to the dedicated Portfolio Management Team, our client, and the internal Principal Real Estate Investment Committee.

Conduct due diligence, financial analysis, and prepare investment memoranda supporting new investments and dispositions.

Develop and maintain key relationships in the assigned markets with property managers, leasing agents, and investment sales brokers.

Understand and negotiate Joint Venture Operating Agreements, Development Management Agreements, Property Management Agreements, and Leasing Agreements.

Create annual asset business plans and budgets.

Indirect management and development of an assigned analyst.

Degrees/Licenses designations:

Bachelor's degree in finance, economics, business or related field required; real estate emphasis preferred.

Qualifications/Special Skills:

Knowledge of property valuation applications (Argus experience) and understanding of discounted cash flow analysis and land residual analysis.

Minimum years of experience required:

Minimum of 8 years experience in commercial real estate philosophies, policies, strategies and procedures (15+ years preferred) with at least five years’ experience dealing with complex real estate transactions.

Contact: https://careers.principal.com/us/jobs/41324?lang=en-us