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What You'll Do

We’re looking for a Managing Director to join our Capital Raising team in Principal Real Estate. In this role, your core focus will be to drive institutional asset raising activities for the firm’s real estate platform with investors in the Eastern US and Canada.

+ Develop deep and strategic relationships with Limited Partners and investment consultants in the Eastern US and Canada

+ Drive new real estate capital efforts for fund launches

+ Provide clients, prospects, and consultants with ongoing updates about the investment philosophy, process and performance of real estate funds and platforms and act as primary contact when appropriate

+ Participate in investment strategy meetings with portfolio managers

+ Provide investor and market insights to the product development process, both new and existing

Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes.

Principal Real Estate is the dedicated real estate investment group within Principal Asset Management. We operate a platform that incorporates all disciplines of commercial real estate, managing almost $100 billion in AUM. By providing access to opportunities across the spectrum of public and private equity and debt investments, our clients are able to customize their real estate portfolios to their specific objectives.

Who You Are

+ Bachelor's degree or equivalent

+ 10+ years related experience in real estate investment management, including 5+ years of real estate fundraising experience (10+ preferred)

+ Established relationships with a spectrum of institutional investors and consultants

+ Proven sales experience and pipeline development, preferably in the Eastern US and Canada.

+ Must have the ability to travel, approximating 50% of the time

Skills That Will Help You Stand Out

+ Diligent, organized, strategic problem solver

+ Experience working in collaboration with a team to raise capital

+ Results oriented

+ Excellent communication and presentation skills and ability to build strong relationships

+ High level of integrity

+ Demonstrates a sense of urgency and energy

+ Strategic and tactical as well as attention to ongoing details

+ Series 7 & 63, Life Insurance certification required within 90 days of employment

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)

$205000 - $277000 / 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(s)

We’re open to considering remote and hybrid talent. Locations for hybrid talent include New York City, or Charlotte. Preference is to live in the Eastern US, where the majority of the investor base is.

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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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 (https://www.principal.com/about-us/careers) 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

8/13/2025

Most Recently Posted Date

8/14/2025

LinkedIn Remote Hashtag

\#LI-Remote