Principal Real Estate Investors.... is it top tier?
Currently interviewing for a role at Principal within their real estate investment arm. I was surprised to learn that they are ranked #10 for the largest real estate investment managers, based on AUM. The report I am referencing is below (as of 12/31/2019, so a bit dated). The firm itself claims that it is top 10.
I never knew they were this large and successful. They are ranked ahead of other brand names, such as PGIM, Invesco Real Estate, JPM Real Estate, etc
So, are they considered an elite real estate investment manager? The numbers tell me yes, but I haven't heard much about them so I wanted to know what the consensus was regarding Principal.