Principal Real Estate Investors, Llc
- Regulatory AUM
- $106B
- Discretionary
- $73.9B
- Clients
- 681
- Avg AUM / client
- $155M
- Accounts
- 681
- Employees
- 477
AUM over time
Annual snapshots from Form ADV filings · as of May 27, 2026
Asset allocation (SMA assets by investment type)
as of May 27, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 427 | $113M | 0.11% |
| High net worth individuals | 37 | $74.3M | 0.07% |
| Banking or thrift institutions | 39 | $8.0B | 7.61% |
| Investment companies | 16 | $9.7B | 9.18% |
| Pooled investment vehicles (non-investment companies) | 6 | $591M | 0.56% |
| Pension and profit sharing plans | 39 | $8.7B | 8.22% |
| Charitable organizations | 6 | $496M | 0.47% |
| State or municipal government entities | 52 | $41.0B | 38.8% |
| Insurance companies | 46 | $29.3B | 27.8% |
| Sovereign wealth funds and foreign official institutions | 5 | $388M | 0.37% |
| Corporations and other businesses | 8 | $7.2B | 6.81% |
Private funds (17)
View all →Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $7.8B combined gross assets
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Long Island Electric Utility Servco Llc Retirement Income Plan Long Island Electric Utility Servco Llc | 2024 |
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Everett, Todd, Eugene | Chief Executive Officer | Sep 2018 (8y) | Less than 5% | |
| Lange, Justin, Thomas | Chief Compliance Officer | Oct 2022 (4y) | Less than 5% | |
| Djurasovic, George | General Counsel | Nov 2023 (3y) | Less than 5% | |
| Barbara Wenig | Global Head Of Operations | CFA | Mar 2024 (2y) | Less than 5% |
| Bhatia, Kamal | Chairman | Mar 2024 (2y) | Less than 5% | |
| Hill, Timothy, Allen | Senior Executive Managing Director | Mar 2024 (2y) | Less than 5% | |
| Hittner, Jill, Marie | Chief Financial Officer | Mar 2024 (2y) | Less than 5% | |
| Ness, Brian, Steven | Chief Information Officer | Mar 2024 (2y) | Less than 5% | |
| Shumway, Ellen, Wilson | Global Head Of Product | Mar 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Principal Global Investors Holding Company (Us) Llc | 100% Ownership | May 2017 | A | 75% or more |
| Principal Financial Group, Inc. | 100% Owner | Oct 2001 | B | ≈ 42.19% – 100% via Principal Financial Services, Inc. |
| Principal Financial Services, Inc. | 100% Owner | May 2017 | B | ≈ 56.25% – 100% via Principal Global Investors Holding Company (Us) Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Principal Financial Group, Inc.: 75% – 100% of Principal Financial Services, Inc. × 75% – 100% of Principal Global Investors Holding Company (Us) Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Principal Financial Services, Inc.: 75% – 100% of Principal Global Investors Holding Company (Us) Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (17, $7.8B gross assets)
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Long Island Electric Utility Servco Llc Retirement Income Plan | Long Island Electric Utility Servco Llc | 1,814 | $513M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/27/2026 | 7.5 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: IN APRIL 2022 PRINCIPAL GLOBAL INVESTORS, LLC (PGI) HAD AN UNINTENTIONAL SHORT SALE OF A SECURITY DUE TO A CORPORATE ACTION IN POTENTIAL BREACH OF LOCAL REGULATIONS. IN SEPTEMBER 2022, PGI RECEIVED AN EMAIL REGARDING "NOTICE OF ACTION TO BE TAKEN" REGARDING THE BREACH OF LOCAL RESTRICTION PROVISIONS IN THE FINANCIAL INVESTMENT SERVICES AND CAPITAL MARKETS ACT OF KOREA. THE FINAL DISPOSITION INVOLVED A FINAL ORDER ISSUED ON 11/11/22 ORDERING PRINCIPAL AM TO PAY A FINE IN THE AMOUNT OF 45,000,000 SOUTH KOREAN WAN, OR ROUGHLY 34,200 US DOLLARS TO THE SOUTH KOREAN SECURITIES AND FUTURES COMMISSION Status: Final Sanction Detail: ORDER RESULTED IN A FINE OF 45,000,000 SOUTH KOREAN WAN, 9,000,000 WAS WAIVED FOR EARLY PAYMENT AND THE AMOUNT WAS PAID ON 11/14/22 Summary: IN APRIL 2022, PRINCIPAL GLOBAL INVESTORS, LLC (PGI) HAD AN UNINTENTIONAL SHORT SALE OF A SECURITY DUE TO A CORPORATE ACTION IN POTENTIAL BREACH OF LOCAL REGULATIONS. IN SEPTEMBER 2022, PGI RECEIVED AN EMAIL REGARDING "NOTICE OF ACTION TO BE TAKEN" REGARDING THE BREACH OF LOCAL RESTRICITON PROVISIONS IN THE FINANCIAL INVESTMENT SERVICES AND CAPITAL MARKETS ACT OF KOREA. THE FINAL DISPOSITON INVOLVED A FINAL ORDER ISSUED ON 11/11/2022 ORDERING PRINCIPAL AM TO PAY A FIND IN THE AMOUNT OF 45,000,000 SOUTH KOREAN WAN, OR ROUGHLY 34,200 US DOLLARS TO THE SOUTH KOREAN SECURITIES AND FUTURES COMMISSION.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- Wells Fargo $15.7B (15% of AUM) May 2026
- State Street $15.2B (15% of AUM) Jul 2025
- Citigroup, Inc. $5.4B (6% of AUM) Feb 2024
- J.P. Morgan $3.7B (10% of AUM) Nov 2022
- BNY Mellon $2.5B (7% of AUM) Nov 2022
- Northern Trust $2.3B (6% of AUM) Nov 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 27, 2026.
View current Form ADV (SEC/IAPD) ↗