Principal Real Estate Investors, one of the largest institutional real estate managers in the United States, announces Indraneel Karlekar will join the firm as head of global research. Karlekar's official start date is Sept. 16. He will be based in Chicago.
"We are pleased to welcome Indy to the Principal team," said Randy Mundt, chief investment officer at Principal Real Estate Investors. "His extensive experience in global research and strategy will be instrumental not only in strengthening our four quadrant approach to U.S. real estate investing, but also to our long-term objective of growing our global real estate platform to better serve our clients."
Karlekar has held senior research positions at a number of real estate investment management firms, including Cole Real Estate Investments, ING-Clarion and AIG Global Real Estate. Prior to AIG, he worked as an economic analyst at The Economist Intelligence Unit. After graduating from St. Stephens College in India, he received his Masters of Business Administration at Jawaharlal Nehru University in India, and later earned his Ph.D. at the University of Cambridge in England.
About Principal Real Estate Investors
Principal Real Estate
Investors manages or subadvises $47.0 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 $289.1 billion in
assets1 primarily for retirement plans and other
institutional clients2.
1 As of June 30, 2013.
2 Principal Global
Investors is the asset management arm of the Principal Financial Group®
(The Principal®)¹ 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, LLC; 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.
Principal Financial Group
Media Contact:
Adam Lackey,
515-362-0482
lackey.adam@principal.com