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Press release from Business Wire

Principal Real Estate Investors Announces New Director – Marketing

<p class='bwalignc'> <b>Michelle Fang Tapped to Support Four Quadrants</b> </p>

Thursday, June 21, 2012

Principal Real Estate Investors Announces New Director – Marketing09:00 EDT Thursday, June 21, 2012 DES MOINES, Iowa (Business Wire) -- Principal Real Estate Investors, one of the largest institutional real estate managers in the United States, announces Michelle Fang will join the organization as director – marketing. Fang will be responsible for marketing and product promotion across all four of Principal Real Estate Investors' investment quadrants, including REITs, CMBS, and private debt and equity. “We are pleased to welcome Michelle to the team,” said Doug Harper, managing director – real estate sales at Principal Real Estate Investors. “Her extensive experience in marketing and product development will be an asset to the investment teams working in each of our four quadrants of real estate investment.” Fang joins Principal Real Estate Investors from General Electric Asset Management, where she developed considerable experience in marketing and product development for real estate and other asset classes. She has held similar positions with Metropolitan Real Estate and Deutsche Bank. About Principal Real Estate Investors:Principal Real Estate Investors manages or subadvises $40.4 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 $258.2 billion in assets1 primarily for retirement plans and other institutional clients2. About the Principal Financial GroupThe Principal Financial Group® (The Principal ®)3 is a global investment management leader including retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $364.1 billion in assets under management4 and serves some 17.3 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. For more information, visit www.principal.com. 1 As of March 31, 2012.2 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; 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. ¹"The Principal Financial Group" and "The Principal" are registered trademarks of Principal Financial Services, Inc., a member of the Principal Financial Group.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 March 31, 2012. Principal Financial GroupAdam Lackey, 515-362-0482lackey.adam@principal.com