FormDSignal
52

Principal Enhanced Property Fund files amendment to $4.86B real estate fund

Fund raise update · Real estate · Open-ended · DES MOINES, IA · Form D/A filed 2026-10-23 · sponsor: Principal · all Principal Enhanced vehicles

Principal Enhanced Property Fund, L.P., a Delaware limited partnership based in Des Moines, has filed an amendment to its indefinite real estate offering. The fund has raised $4.86B from 170 investors since first closing in May 2004 and operates under Regulation D exemptions 3(c)(7) for institutional investors.

$100M+ sold3(c)(7) — qualified purchasersCapital closing nowReal estate

How this compares

  • Across 38 real estate sponsors with more than one launch on EDGAR, the median gap between consecutive funds is 6 months.
  • This is the sponsor's 2nd fund launch on EDGAR; the previous one, Principal Enhanced Property Fund, L.P., was filed 12 months earlier.

Computed from every Form D fund launch on EDGAR since late 2024, not sampled. Amounts are the stated offering size; indefinite offerings are excluded.

Raise progress

Sold rose from $4.26B to $4.86B (+$594.5M, +10 investors) in 364 days since the previous filing.

FiledFormSoldInvestorsChange
2024-10-25D/A$3.61B206
2025-10-24D$4.26B160+$651.9M
2026-10-23D/A$4.86B170+$594.5M

Amount sold and investor count as restated on each of the issuer's Form D filings. A rise since the previous filing is capital closed in between.

Principal on EDGAR

Earlier and related filings by the same issuer and sponsor. All Principal Enhanced vehicles →

Registered adviser

brand-level match

PRINCIPAL ASSET MANAGEMENT (PRINCIPAL GLOBAL INVESTORS, LLC)

Registration
SEC-registered adviser · since 1998-10-26
Regulatory AUM
$427.7B
Employees
1394
Private funds on Form ADV
10
Office
Des Moines, IA

Website and main-office phone from Form ADV. Subscribe to unlock

Incumbent service providers

The administrator, auditor, custodian and prime broker named on this adviser's 10 other funds: whether a new mandate here is a displacement or a greenfield. Subscribe to unlock

People on the filing

N/A PRINCIPAL ENHANCED PROPERTY FUND GP, LLCExecutive Officer, Promoter
N/A PRINCIPAL REAL ESTATE INVESTORS, LLCExecutive Officer, Promoter

[email protected] · observed Work emails for the people on the filing, where the firm publishes or patterns them, labelled by confidence — subscribers

Signed by TODD WHITE, MNG DIR - PORTFOLIO MANAGEMENT OF SOLE MBR OF GP OF ISSUER.

Placement agents / sales compensation: PRINCIPAL FUNDS DISTRIBUTOR, INC.

Why now — by persona

  • Fund audit & tax:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock
  • Fund administrator:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock

Filing contact

The issuer's phone number and address from the filing are shown to subscribers. See plans.