Intern-SEO-Principal Asset Management-Commercial Real Estate (Summer 2025)

What You'll DoCommercial Real Estate Internship (Summer 2025)Principal Real Estate Investors is the dedicated real estate investment group within Principal Global Investors. Our capabilities are backed by more than 60 years of real estate investment experience when we started as part of the real estate investment department of Principal Life Insurance Company.Since then, we’ve built a top-tier investment platform that provides comprehensive, specialized capabilities across all four quadrants of commercial real estate—public equity, private equity, public debt, and private debt. This platform gives us a unique perspective on real estate space and capital markets allowing us to deliver solutions that meet our clients’ investment goals.ResponsibilitiesPrincipal Real Estate Investors is offering an exciting internship opportunity for those interested in Commercial Real Estate investments! During this internship, interns will have exposure to many areas of Commercial Real Estate, more specifically, they will have the opportunity to work on one of the teams mentioned below.As an intern, responsibilities will include underwriting potential investments, consolidating investment information and reporting on current investment portfolios while also gaining experience with ARGUS software.The various teams within Principal Real Estate Investors include:

Commercial Mortgage Backed Securities

Dedicated Private Equity Investment Team

Asset Management

Acquisitions & Dispositions

Private Debt Origination

Investment Operations

Who You AreWe’re looking for someone with:

Working towards or have a bachelor’s or graduate level degree in a field related to real estate, finance, accounting, or economics.

Participant of a formal real estate training program such as Sponsors for Educational Opportunity (SEO) or similar

Strong communication and leadership skills, demonstrated through formal positions in student organizations, community involvement or employment experiences

Intermediate to advanced Excel skills

Prior experience or training in Argus is a plus.

3.0 GPA or higher is strongly preferred.

Current or previous participation in the SEO Career Edge and/or Real Estate Investments Program

Work Environments

This role offers the ability for in-office & hybrid (blending both office and remote work in a typical workweek). You’ll work with your leader to determine which option may align best based on several factors. Candidate will be located in Des Moines, IA.

Salary Range InformationSalary 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)$1 - $1 / hourTime Off ProgramPaid company holidays and any time off required in your state.Pension EligibleNoAdditional InformationLocationThis internship will be hosted at our Principal Asset Management office in Des Moines, IA.Work Authorization/SponsorshipAt this time, we're not considering candidates 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.https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers and https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrantsInvestment Code of EthicsFor Principal Global Investors 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 PrincipalWhile our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees – individually and all of us together. Explore our core values (https://www.principal.com/about-us/careers#core-values) , benefits (https://www.principal.com/about-us/careers#benefits) and why we’re an exceptional place (https://www.principal.com/about-us/careers#reputation) to grow your career.Principal is an Equal Opportunity EmployerAll 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 WindowWe 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 Date8/29/2024Most Recently Posted Date8/29/2024