Commercial Real Estate Rotational Analyst (Jan or summer 2026)

What You'll Do

Firm Overview

• Principal Real Estate Investors (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 700 clients across 34 countries place their trust in PrinRE's 60+ 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 315 investment professionals and being awarded Pension & Investments' Best Places to Work in Money Management for 13 consecutive years.
• Top-10 global real estate investment manager with 475 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.

As of 30 June 2025

Rare opportunity to gain experience in all four quadrants of CRE :

Principal Real Estate Investors is offering an exciting two-year Rotational Analyst opportunity! The program provides meaningful work experience and career development across all four quadrants of real estate - private debt, private equity, CMBS, and REITs.

Upon completion of the program, high performing analysts will be considered for available full-time opportunities within Principal Real Estate Investors.

Potential responsibilities throughout the program :

We have two openings. One could start as early as January of 2026 or both will start in the summer of 2026.

Who You Are

Who You Are :

Additional Preferred Skills and Experience :

The role may involve minimal travel to meet with clients and / or inspect properties.

Salary Range Information

Salary ranges below 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.

Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$71250 - $95950 / year

Time Off Program

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don't accrue a bank of time off under FTO and there is no set number of days provided.

Pension Eligible

No Location

This role will be based out of our World Headquarters located in Des Moines, IA. Check out our space!

Work Environments

This role offers the ability for in-office or four days in-office and one day remote. You'll work with your leader to figure out which option may align best based on several factors.

Work Authorization / Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO : F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services - and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers : with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.

Original Posting Date

9 / 26 / 2025

Most Recently Posted Date

9 / 26 / 2025