Managing Director, Real Estate Capital Raising (Remote)
Principal Asset Management
Type: Full Time
Salary: $205000 - $277000 / year
Salary ranges reflect targeted base salaries. 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.
4 Year Degree
Internal Number: Req ID: 40481
What You'll Do
We’re looking for a Managing Director to join our Capital Raising team in Principal Real Estate. In this role, your core focus will be to drive institutional asset raising activities for the firm’s closed end and open-end equity and debt funds!
Develop deep, strategic, and enduring relationships with Limited Partner and investment consultants in North America.
Provide clients, prospects, and consultants with ongoing updates about the investment philosophy, process and performance of real estate funds and platforms and act as primary contact when appropriate
Participate in investment strategy meetings with portfolio managers
Assist in product development process, both new and existing
Play key role in new business efforts including finals presentations and consultant meetings
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!
Principal Real Estate is the dedicated real estate investment group within Principal Asset Management. We operate a platform that incorporates all disciplines of commercial real estate, managing almost $100 billion in AUM! By providing access to opportunities across the spectrum of public and private equity and debt investments, our clients are able to customize their real estate portfolios to their specific objectives, including sustainability and risk management guidelines.
Who You Are
Bachelor's degree or equivalent
10+ years related experience in real estate investment management
10+ years of fundraising experience
Experience in and very knowledgeable of real estate as an asset class as well as established relationships with a spectrum of investors and consultants
Proven sales experience and pipeline development
Excellent communication and presentation skills and ability to build strong relationships
Must have the ability to travel, approximating 50% of the time
Series 7 & 63, Life Insurance certification required within 90 days of employment
This position may be subject to SEC restrictions on personal political contributions.
Skills That Will Help You Stand Out
Diligent, organized, strategic problem solver
Results oriented, combined with a truly collaborative attitude and a commitment to building a team oriented culture
High level of integrity
Demonstrates a sense of urgency and energy
Strategic and tactical as well as attend to daily details
Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and member of Principal Financial Group. With over 6 decades of experience, we provide clients with access to opportunities across both public and private debt and equity with over $90.3 Billion in assets under management. We also have over 550 clients and are ranked as one of the Top 10 Real Estate Managers. Since 2001, we have leased over 475 million square feet across our portfolios and executed more than 27,000 commercial leases. In addition, we have had $18.1 Billion in development since 2003.
Principal Real Estate Investors is comprised of Four Quadrants:
Private Equity which consists of $35.6 Billion in Core, Value-added and Opportunistic Properties;
Public Equity that has over $22.0 Billion in Real Estate Investment Trust Securities (REITS);
Private Debt which consists $23.6 Billion in commercial mortgages, bridge and Mezzanine loans
and finally, our
Public Debt quadrant which consists of $9.0 Billion of commercial mortgage backed securities (CMBS).
We benefit from having over 275 real estate professionals that ave...rage over 15 years of experience with the firm and nearly 18 years in the industry and have been able to gain efficiencies and insights from a fully integrated real estate platform.