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What You'll Do

Principal Real Estate Investors (PrinREI), a top-10 global real estate manager with over $100B in assets under management, is the dedicated real estate investment group within Principal Global Investors. With over 60 years of real estate investment experience our comprehensive, specialized capabilities across all four quadrants of commercial real estate---private equity, public equity, public debt, and private debt gives us a unique perspective on real estate space and capital markets.

As an Appraiser in our Appraisal Services team at PrinREI, you’ll work with both the debt and equity teams providing services such as engaging appraisers, reviewing appraisals, and consulting with various internal teams and external appraisal firms.

You’ll have the opportunity to:

+ Perform appraisal reviews of external appraisal reports for a variety of internal clients (both equity and debt) in support of the quarterly valuation process and loan production, including timely completion and communication to all internal parties involved.

+ Work closely with appraisal management companies to facilitate the valuation process on certain equity clients, including bidding selection and managing the appraisal review process with internal teams.

+ Administer the valuation process and review market value recommendations associated with market events for equity investments on a monthly basis.

+ Complete monthly and quarterly mark to market process for equity investments with floating rate loans.

+ Serve as a resource and provide appraisal expertise and best practice guidance to production staff, asset management and portfolio management teams as needed during the life cycle of real estate investments.

+ Provide valuation assistance for reporting purposes or investor queries.

+ Assist with the monitoring and updating of valuation and modeling policies for various funds as needed.

+ Assist with the annual audit process for various equity clients, including compiling requested valuation related items in a timely manner.

+ Keep abreast of real estate economics and trends and assist in market research and portfolio management as required.

+ Administer the collection, storage, analysis and communication of appraisal data.

+ Perform other job-related duties and special projects as required.

Who You Are

+ Bachelor's degree or eight years of relevant work experience

+ 3+ years' experience as an appraiser/reviewer; preferably in commercial real estate

Preferred Skills:

+ Ability to read, interpret, and analyze loan, financial, and/or legal documents to produce a valid property valuation

+ Ability to critically assess property valuations performed by the underwriting staff and asset management teams

+ Argus Enterprise experience

+ Progress towards the MAI (Member of Appraisal Institute) designation

+ Excellent analytical, critical thinking and organizational skills

+ Excellent oral and written communication skills and ability to work on a team

+ Knowledge of PC and software including Windows, Microsoft Office

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)

$106400 - $140000 / 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

Work Environments

This role offers the ability for in-office or hybrid (blending both office and remote work in a typical workweek) work arrangements. You’ll work with your leader to determine which option may align best based on several factors.

Location

This role will be based out of our Corporate Headquarters located in Des Moines, IA.

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

10/30/2025

Most Recently Posted Date

10/30/2025