Portfolio Management Associate – Data Center

What You’ll Do

Join a high‑performing team deploying capital in one of the fastest‑growing real‑estate sectors – data centers. As a Portfolio Management Associate on our data center team, you’ll play a key support role in managing and growing a unique portfolio. In this role, you’ll support the data center team and collaborate across the Principal ecosystem to ensure each data center investment meets its performance goals and aligns with broader strategy.

• Asset Strategy & Performance: help develop and execute annual asset business plans and budgets to meet or exceed income, appreciation, and occupancy targets, and monitor asset performance against underwriting and market benchmarks, flagging opportunities and risks to drive value.
• Transaction & Development Support: assist in underwriting and executing new investments, development projects, and leasing transactions; evaluate deal opportunities (including tenant credit and lease terms) to ensure they meet return targets and support the platform’s growth.
• Financial Analysis & Reporting: deliver timely, accurate asset valuations and investor reports, including variance analysis versus budgets; maintain detailed financial models (e.g., DCF) to support decision‑making and ensure current market assumptions are reflected.
• Stakeholder
  
  Collaboration:
  
  coordinate closely with others across the team, maintain relationships with joint venture partners, leasing brokers, and property managers, and work with internal teams (finance, legal, engineering, etc.) to ensure smooth execution of asset initiatives and client objectives.

• Bachelor’s degree in Finance, Real Estate, Business, or a related field.
• 2+ years of relevant experience in real‑estate investments or asset management.
• Strong financial modeling and analytical skills, with high proficiency in Excel; experience with Argus or similar tools is a plus.
• Ability to interpret leases/contracts and complex financial documents independently.
• Highly organized and detail‑oriented, able to manage multiple priorities and meet deadlines in a fast‑paced environment.
• Proactive and self‑motivated problem solver with a continuous‑improvement mindset.
• Excellent communication and interpersonal skills; comfortable collaborating across teams and presenting findings to stakeholders, including senior leaders.
• A team player who builds relationships and contributes to a positive, high‑performance culture.
• Willingness to travel (~10%) to visit assets or meet partners as needed.

Salary ranges reflect targeted base salaries.

• Des Moines: $89,300 – $120,650 per year
• Chicago: $103,400 – $139,700 per year
• New York City: $112,800 – $152,400 per year

Time off:
Flexible Time Off (FTO) is provided to salaried (exempt) employees. Travel requirement is approximately 10%.

This role is located at our World Headquarters in Des Moines, Chicago, or New York City and offers a hybrid schedule of four days in‑office and one day remote.

We do not consider candidates requiring immigration sponsorship.

Principal is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.