Principal launches EU-compliant real estate debt fund
BPC Staff Nov 30, 2016 | 10:01 pm
<1 min read time
75 wordsBanking and Finance, Real Estate and DevelopmentPrincipal Real Estate Investors has launched its first real estate debt fund that will be compliant with European Union regulations, IPE Real Estate reported. The fund will primarily invest in U.S. commercial mortgage-backed securities, a sector where Principal Real Estate investors has been active since 1998, with a portfolio valued at $9 billion. The fund is registered in the United KIngdom, Belgium, France, Finland, Germany, Guernsey, Ireland, Italy, Jersey, the Netherlands, Spain, Sweden, Switzerland and Singapore.
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