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Principal Real Estate Investors Announces New Managing Director – Real Estate Sales

April 19, 2011 (Des Moines, Iowa) – Principal Real Estate Investors, the fourth largest institutional real estate manager in the United States, announces Doug Harper will join the organization as managing director – real estate sales. Harper will lead U.S. real estate investor sales for the firm.

“We are pleased to have Doug join our organization,” said Patrick Halter, CEO of Principal Real Estate Investors. “He brings a wealth of experience in commercial real estate investment, and his addition positions us very well for continued growth within each of the four quadrants of real estate.”

Harper joins Principal Real Estate Investors from UBS Realty Investors, where he held the title of executive director, and was responsible for the development and marketing of various real estate fund products. He held a similar position with BlackRock/SSR Realty.

In his role with Principal Real Estate Investors, Harper will work closely with Principal Global Investors’ sales teams to raise capital for the firm’s U.S. real estate and global property securities products.

About Principal Real Estate Investors

Principal Real Estate Investors is the fourth largest institutional real estate manager in the United States based on tax-exempt assets under management[1] and manages or subadvises $35.4 billion in commercial real estate assets. 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 $232.4 billion in assets primarily for retirement plans and other institutional clients.[2]

About the Principal Financial Group

The Principal Financial Group® (The Principal ®)[3] is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $318.8 billion in assets under management[4] and serves some 19.1 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.

[1]
The 4th largest manager of real estate, ranked by U.S. institutional tax-exempt real estate assets, out of 87 managers profiled, as of June 30, 2010 PENSIONS & INVESTMENTS, September 10, 2010.
[2]
As of December 31, 2010. Principal Global Investors is the asset management arm of the Principal Financial Group® (The Principal ®)[3] and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; 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.; and the majority owned affiliates of Principal International, Inc.
[3]
"The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
[4]
As of Dec. 31, 2010.

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