Principal Real Estate
801 Grand AveDes Moines, IA 50392-0001
Website: principal.com
Firm Size
- Assets Under Management (AUM):$7.7 Billion
- Number of Funds:16
- Employees:645
- Firm Type:Hedge Fund
Description
Principal Real Estate is a prominent real estate company located in Des Moines, Iowa. With a strong focus on providing exceptional real estate services, the company strives to meet the needs of its clients in buying, selling, and managing properties. Principal Real Estate boasts a team of experienced and knowledgeable professionals who are well versed in the local real estate market, ensuring that clients receive accurate and up-to-date information. Whether individuals are looking for residential, commercial, or investment properties, Principal Real Estate offers a wide range of options to cater to different preferences and budgets. The company's commitment to fostering strong relationships with clients is evident through their dedication to delivering personalized and high-quality services, making them a trusted choice for real estate needs in Des Moines, Iowa.Latest News
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May 31, 2024: Principal Real Estate Income Fund Announces Notification of Sources of Distribution
The Principal Real Estate Income Fund (NYSE: PGZ) announces the sources of a distribution paid on May 31, 2024 of $0.1050 per share to shareholders of record at the close of business on May 16, 2024 , pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission and includes the notice below sent to shareholders regarding the source of the distribution.
Apr 16, 2024: PRINCIPAL REAL ESTATE INCOME FUND ANNOUNCES RESULTS OF VOTE FOR TRUSTEES
During the Annual Meeting of Shareholders of the Principal Real Estate Income Fund (NYSE: PGZ, the "Fund"), held on April 12th, 2024 , the two Trustees nominated by the Fund, Rick A. Pederson and Jeremy Held , won re-election for a three-year term.
Jan 31, 2024: Principal Real Estate Fund Announces Notification of Sources of Distribution
The Principal Real Estate Income Fund (NYSE: PGZ) announces the sources of a distribution paid on January 31, 2024 of $0.1050 per share to shareholders of record at the close of business on January 17, 2024 , pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission and includes the notice below sent to shareholders regarding the source of the distribution.
Jan 02, 2024: PRINCIPAL REAL ESTATE INCOME FUND DECLARES MONTHLY DISTRIBUTIONS OF $0.105 PER SHARE
Principal Real Estate Income Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol "PGZ," announced the declaration of monthly distributions of $0.105 per common share, payable on the dates noted below. Based on the Fund's current net asset value share price of $10.90 (as of market close on December 28, 2023 ), the distributions represent an annualized distribution rate of 11.56%.
Dec 18, 2023: PRINCIPAL REAL ESTATE INCOME FUND CONTINUES SHARE REPURCHASE PROGRAM
The Board of Trustees (the "Board") of Principal Real Estate Income Fund (the "Fund"), announced today that it has approved a renewal of the Fund's share repurchase program. Under the share repurchase program, the Fund may purchase up to approximately 2.1% of its outstanding common shares beginning January 21, 2024 , in the open market, until January 21, 2025 . As part of its evaluation of options to enhance shareholder value, the Board has authorized ALPS Advisors, Inc. (the "Advisor") to repurchase the Fund's common shares at such times and in such amounts as the Advisor reasonably believes may enhance shareholder value.
May 31, 2023: PRINCIPAL REAL ESTATE INCOME FUND
The Principal Real Estate Income Fund (NYSE:PGZ) announces the sources of a distribution paid on May 31, 2023 of $0.1050 per share to shareholders of record at the close of business on May 16, 2023 , pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission and includes the notice below sent to shareholders regarding the source of the distribution.