Principal Commercial Real Estate Rotational Analyst

Principal Real Estate is seeking highly motivated early-career professionals to join our Commercial Real Estate Rotational Analyst opportunity beginning in Summer 2027. This unique program provides exposure to all four quadrants of commercial real estate investing: private equity, private debt, public equity (REITs), and public debt (CMBS). Through four rotations lasting approximately 6–9 months each, analysts will develop broad investment expertise, gain exposure to multiple investment strategies, and build a comprehensive understanding of the real estate investment management industry. Rotations may include teams such as Acquisitions & Dispositions, Asset Management, Development, Private Debt Origination, CMBS, and REITs. Upon successful completion of the program, high-performing analysts may be considered for available long-term opportunities within Principal Real Estate. Throughout the program, you will: Conduct Technical Analysis: Assist the team by conducting independent technical analyses within appropriate risk/return parameters on investment opportunities. This involves evaluating transaction structures, appraisals, cash flow analyses, lease reviews, financial statement reviews, and more. Effective Communication: Communicate conclusions regarding investment risk and viability effectively. Provide analytical support for assessing investment opportunities, utilizing sensitivity analysis, variance analysis, or preliminary valuations. Market Insight: Develop and maintain a comprehensive understanding of real estate economics, competitive environments, and existing portfolios within assigned markets. Transaction Management: Assist in navigating a transaction or investment through the entire process, utilizing all available resources. Ensure accurate and timely accumulation and dissemination of information. Continuous Learning: Develop an understanding of products, programs, and clients’ needs through available training programs and active involvement in ongoing investment activities. This position will start in the summer of 2027. Firm Overview Principal Real Estate (PrinRE) is the dedicated real estate investment group within Principal Asset Management, a subsidiary of publicly traded Principal Financial Group (Nasdaq: PFG). Check us out at www.PrincipalAM.com! More than 730 clients across 32 countries place their trust in PrinRE’s 65+ years of experience in the real estate investment management industry. The benefits of our collaborative, team-based culture are evidenced by the 12-year average tenure among our 305 investment professionals globally and being awarded Pension & Investments’ Best Places to Work in Money Management for 14 consecutive years. Top-10 global real estate investment manager with 485 employees across 12 countries that provide comprehensive, specialized capabilities across all four quadrants of commercial real estate – public equity, private equity, public debt, and private debt. This platform gives us a unique perspective on real estate space and capital markets, allowing us to deliver a full suite of solutions to meet our clients’ investment goals.

Bachelor's degree or equivalent, with a preference for degrees in finance, real estate, or a related field, to be obtained by the summer of 2027 for a start date of summer 2027 Strong quantitative financial background and statistical proficiency, including a solid understanding of basic finance concepts such as the time value of money Real estate experience, whether through full-time employment or internships Additional Preferred Skills and Experience: Minimum GPA 3.25 Excellent communication and social skills Consistent track record to take initiative and work independently in a fast-paced environment, handling multiple requests with strict deadlines Familiarity with Argus software and other real estate specific analytical software Demonstrated ability to make effective decisions and achieve results without close