Principal Real Estate has hired Devin Chen, who joins the firm as head of private equity real estate portfolio management.
Chen will oversee the firm’s range of private equity real estate offerings and will work closely with the portfolio management and separate account teams. He will be leading the strategic direction and oversight of private equity portfolio management to ensure optimal solutions and investment performance continues to be provided to clients. He will also serve on the Principal Real Estate investment committee.
Chen joins Principal Real Estate from PIMCO, where he was a founding member of the firm’s commercial real estate business and played a lead role in the buildout and growth of its private equity and credit platforms. He most recently served as executive vice president, portfolio manager and head of U.S. real estate private equity and special situations. Prior to joining PIMCO in 2010, Chen was a managing director at JER Partners.
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