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Commercial Real Estate Extended Internship (Spring/Summer OR Summer/Fall 2020) - #223288

Job Area:Investments
Business Area:PGI Real Estate
Location:IA - Des Moines
Career Category:Intern
Full/Part Time:Full-Time
Date Posted:08/23/2019

Pursue your calling and make an impact

We know it’s important to get off to a great start with your career. Principal offers multiple opportunities to gain experience, make connections, and provide fast-tracked opportunities to learn our business from the inside out.

You're not just looking for an internship

We hear you. That’s why working with us isn’t just about skill sets and job responsibilities. We care about offering you diverse experiences, rewarding challenges, and global opportunities that push you to reach for bigger life goals.

The Internship Experience 

Principal will host over 200 interns across various business units and teams. You will meet with senior executives, gain career direction, and contribute to work that helps our customers live their best lives - all at a Fortune 500 company who invests in your personal and professional development.

Did we mention you'll have plenty of time to explore Des Moines?

Principal is headquartered in Des Moines, Iowa, the Midwest’s best-kept secret. You’ll get a chance to network at social events and volunteer in the community with peers and team members. From its miles of trails and lakes, local wineries and breweries, to world-class music, theater and a thriving foodie scene, Des Moines offers big-city perks with small-town charm.

Worried about relocation to Des Moines? Don't worry, we offer travel assistance and a living stipend to those who are eligible. 

What you'll do:

Principal Real Estate Investors is offering an exciting paid internship opportunity for those interested in Commercial Real Estate investments. This paid extended internship is a full-time position from January – August or May – December 2020. During this 7+ month 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 researching and 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
  • Commercial Mortgage Servicing
  • Commercial Mortgage Underwriting
  • Investment Operations

All applicants must be available to work full time in Des Moines, Iowa from January through early August of 2020 OR June - December 2020.

And, if you have 2 minutes, you'll want to watch this video about our company:


  • Working towards or have a bachelor’s or graduate level degree in a field related to real estate, finance, accounting, or economics.
  • Ideal applicants will have exposure to commercial real estate concepts through intermediate level class work, student organization involvement or internship/employment experiences.
  • Strong communication and leadership skills, demonstrated through formal positions in student organizations, community involvement or employment experiences.
  • Intermediate to advanced Excel skills.
  • 3.0 GPA or higher is strongly preferred.

Additional Information:

Work Authorization/Sponsorship

At this time, we're not able to consider candidates who would need sponsorship now or in the future or those needing work authorization for this role.  (This includes students on F1-OPT, F1-CPT, J-1, etc.) However, we’d hope you continue to keep us in mind for other potential opportunities in the future. 

Principal is an Affirmative Action and Equal Opportunity Employer.  

All qualified applicants will receive consideration for employment without regard to of age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.

Investment Code of Ethics

For positions with Principal Global Investors, you will be required to comply with a Code of Ethics which covers a number of obligations 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.