Data / Investment advisers / Iowa / Principal Real Estate
Principal Real Estate, Des Moines, IA: $106 billion AUM, SEC registered investment adviser
Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.
Principal Real Estate is an SEC registered investment adviser with its main office in Des Moines, Iowa and reports $106 billion in regulatory assets under management in its Form ADV filed August 19, 2026. Its clients include state and municipal governments, insurance companies and investment companies. It is paid through a percentage of assets under management, fixed fees and performance based fees. It advises 18 private funds.
The request: Watch Principal Real Estate (CRD number 109008): each new Form ADV amendment, with AUM, clients and private funds. $10 of work on sign-up, no card.
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- Registration
- SEC registered investment adviser
- CRD number
- 109008
- SEC file number
- 801-55618
- SEC status
- Approved, effective November 4, 1999
- Legal name
- Principal Real Estate Investors, LLC
- Main office
- 801 Grand Ave, Des Moines, IA 50392
- Phone
- (800) 787-1621
- Website
- principalcef.com
- Regulatory AUM
- $105,646,930,594 in the Form ADV filed August 19, 2026
- Discretionary AUM
- $73,925,518,808
- Non discretionary AUM
- $31,721,411,786
- Accounts
- 681
- Employees
- 477, of which 310 give investment advice
- Form of organization
- Limited Liability Company
- Paid through
- a percentage of assets under management, fixed fees, performance based fees
- Private funds
- 18: 14 hedge funds, 3 other private funds, 1 real estate fund
- Gross assets of private funds
- $8,845,282,223
- Other offices
- 15
- Form ADV Item 11 disclosures
- Reported: other federal, state or foreign regulatory actions
- Latest Form ADV filing
- August 19, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| State or municipal government entities | 52 | $41.03 billion |
| Insurance companies | 46 | $29.34 billion |
| Investment companies | 16 | $9.70 billion |
| Pension and profit sharing plans | 39 | $8.68 billion |
| Banking or thrift institutions | 39 | $8.04 billion |
| Corporations or other businesses | 8 | $7.19 billion |
| Pooled investment vehicles | 6 | $591.1 million |
| Charitable organizations | 6 | $496 million |
| Sovereign wealth funds and foreign official institutions | 5 | $387.8 million |
| Individuals (other than high net worth individuals) | 427 | $112.8 million |
| High net worth individuals | 37 | $74.3 million |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| April 1, 2026 | $105.65 billion | March 31, 2026 |
| December 1, 2025 | $99.42 billion | July 3, 2025 |
Other advisers in Des Moines
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Principal Asset Management | Des Moines | $427.71 billion | 10 | adviserinfo.sec.gov |
| Principal Securities, Inc. | Des Moines | $17.02 billion | Not listed | adviserinfo.sec.gov |
| BTC Capital Management | Des Moines | $4.60 billion | Not listed | adviserinfo.sec.gov |
| Principal Advised Services | Des Moines | $1.42 billion | Not listed | adviserinfo.sec.gov |
| Legacy Financial Group | Des Moines | $1.01 billion | Not listed | adviserinfo.sec.gov |
| DMKC Advisory Services, LLC | Des Moines | $902.5 million | Not listed | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Des Moines, IA
- Investment advisers in Iowa
- Advisers with Over $100 billion in AUM
- Advisers serving state and municipal governments
- Advisers serving insurance companies
- Advisers that manage private funds
- Principal Real Estate on the SEC's adviser search
Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.