Principal Real Estate Investors
Principal Real Estate is the dedicated real estate investment team of Principal Asset Management, with over $100 billion in real estate AUM globally. It has invested in data centers since 2007 and operates a $3.64 billion Data Center Growth & Income Fund closed in February 2026 targeting over $8 billion of hyperscale development with Stream Data Centers.
Owned / funded by
Capital and control flowing in
- Lincoln Rackhouse· joint venture
Lincoln Rackhouse and Principal Real Estate Investors jointly acquired a data center in Atlanta's high-tech corridor.
Owns / has invested in
Capital and control flowing out
Principal's $3.64 billion Data Center Growth & Income Fund will capitalize more than $8 billion of hyperscale data center development in partnership with Stream Data Centers.
- Lincoln Rackhouse· joint venture
Principal Real Estate Investors and Lincoln Rackhouse jointly acquired an Atlanta data center asset.
- Principal Asset Management· subsidiary of
Principal Real Estate Investors is the real estate investment arm of Principal Asset Management, part of Principal Financial Group.
Data centers
1 project in the dataset
- Lincoln Rackhouse ATL1· ownsAtlanta, DeKalb, GAOperational15 MW