Principal Real Estate Investors, one of the largest institutional real estate managers in the United States, recently received a top ranking from the 2013 Global Real Estate Sustainability Benchmark (GRESB) survey. The Principal Green Property Fund ranked No. 1 among its respective peer group based on the environmental and social performance of the fund's property portfolio.
GRESB is a science-based benchmark based on an annual survey produced by the GRESB Foundation. Information collected by the foundation discloses material sustainability performance at the portfolio level, such as energy and water consumption, green building and energy certification, sustainability risk assessments, governance and stakeholder engagement.
Nearly 550 property companies and funds - representing 49,000 properties in 49 countries with $1.6 trillion in gross asset value - participated in this year's survey.
"We view sustainability as an important indicator of quality asset management and fiduciary governance, driving positive financial and environmental outcomes," said Pat Halter, CEO of Principal Real Estate Investors. "We are proud of the result of the GRESB survey and believe it helps validate the hard work we do every day on behalf of our clients."
The Principal Green Property Fund is a closed-end, commingled fund that adopts a broad, holistic approach toward integrating environmental, social and economic principles into the design and delivery of new commercial properties and retrofitting existing U.S. properties to obtain Leadership in Energy and Environmental Design (LEED) certified status.
In addition to the GRESB ranking, Commercial Property Executive ranked Principal Real Estate Investors No. 2 on its 2013 Greenest Companies list. The real estate publication described the firms on the list as "changing the commercial real estate world," noting that at least 85 percent of respondents are increasing green building activity this year and 48 percent of their existing LEED-certified properties are currently rated either Gold or Platinum.
About Principal Real Estate Investors
Principal Real Estate
Investors manages or subadvises $47.0 billion in commercial real estate
assets1. The firm's real estate capabilities include both
public and private equity and debt investment alternatives. Principal
Real Estate Investors is the dedicated real estate group of Principal
Global Investors, a diversified asset management organization and a
member of the Principal Financial Group®.
About Principal Global Investors
Principal Global Investors
is a diversified asset management organization and a member of the
Principal Financial Group®, with expertise in equities, fixed
income and real estate investments, as well as specialized overlay and
advisory services. Principal Global Investors manages $289.1 billion in
assets2 primarily for retirement plans and other
institutional clients3.
About the Principal Financial Group
The Principal Financial
Group® (The Principal®)4 is a global
investment management leader offering retirement services, insurance
solutions and asset management. The Principal offers businesses,
individuals and institutional clients a wide range of financial products
and services, including retirement, asset management and insurance
through its diverse family of financial services companies. Founded in
1879 and a member of the FORTUNE 500®, the Principal
Financial Group has $450.6 billion in assets under management5
and serves some 19.8 million customers worldwide from offices in Asia,
Australia, Europe, Latin America and the United States. Principal
Financial Group, Inc. is traded on the New York Stock Exchange under the
ticker symbol PFG. For more information, visit www.principal.com.
1 As of June 30, 2013.
2 As of June 30, 2013.
3
Principal Global Investors is the asset management arm of the Principal
Financial Group® (The Principal®) and includes the
asset management operations of the following subsidiaries of The
Principal: Principal Global Investors, LLC; Principal Real Estate
Investors, LLC; Principal Enterprise Capital, LLC; Liongate Capital
Management LLP; Spectrum Asset Management, Inc.; Post Advisory Group,
LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley
Financial Services Inc.; Finisterre Capital, LLP; Origin Asset
Management, LLP; Principal Global Investors (Europe) Limited; Principal
Global Investors (Singapore) Ltd.; Principal Global Investors
(Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal
Global Investors (Hong Kong) Ltd.; CIMB-Principal Islamic Asset
Management Sdn. Bhd.; and the majority owned affiliates of Principal
International, Inc. Assets under management includes assets managed by
investment professionals of Principal Global Investors under dual
employee arrangements with other subsidiaries of The Principal and
assets managed in accordance with investment advice provided by
Principal Global Investors through the delivery of a model.
4
"The Principal Financial Group" and "The Principal" are registered
service marks of Principal Financial Services, Inc., a member of the
Principal Financial Group.
5 As of June 30, 2013.
Principal Financial Group
Media Contact:
Jaime Naig,
515-247-0798
naig.jaime@principal.com