Principal Enterprise Capital makes two new hires

Principal Enterprise Capital has appointed David Gottschall and Emily Slovitt to the firm as managing director and investment manager, respectively. Principal Enterprise Capital is a real estate private equity investment manager and subsidiary of the Principal Financial Group.

PRESS RELEASE

Principal Enterprise Capital, LLC, a real estate private equity investment manager and subsidiary of the Principal Financial Group® (NYSE:PFG), announces David Gottschall and Emily Slovitt have joined the firm as managing director and investment manager, respectively.

“Their collective experience in commercial real estate will help advance our mission to grow the business by generating high-quality, stable cash flows for our investors and operating partners over the long term.”

“We are pleased to welcome both David and Emily to the growing Principal Enterprise Capital team,” said Dan Schulte, president and managing partner of Principal Enterprise Capital. “Their collective experience in commercial real estate will help advance our mission to grow the business by generating high-quality, stable cash flows for our investors and operating partners over the long term.”

As managing director, Gottschall assists in managing the firm’s overall strategy, serves on operating partner boards and is responsible for both internal and external growth of the business.

Gottschall has nearly 15 years of investment experience and was most recently a portfolio manager for Allstate Investments, directing investment selection and portfolio management efforts in equity joint ventures and commercial mortgages.

He has a master’s degree in finance from the University of Denver and a bachelor’s degree in economics from Oberlin College. Gottschall holds the Chartered Financial Analyst designation.

In her role as investment manager, Slovitt conducts research to provide investment and strategy recommendations to Principal Enterprise Capital leadership. She also collaborates on the analysis of existing portfolio companies.

Slovitt joins Principal Enterprise Capital with more than seven years of commercial real estate experience, including commercial loan origination, joint venture formation, funds management and commercial mortgage-backed securities (CMBS) portfolio management. Previously, she was an investment associate for Prudential Mortgage Capital Company.

Slovitt earned a master’s degree in finance, management strategy and social enterprise from Northwestern University and a bachelor’s degree in finance and real estate from the University of Texas in Austin. She is a member of global women’s network 85 Broads and the Kellogg Real Estate Alumni Club.

About Principal Enterprise Capital
Principal Enterprise Capital invests in real estate through the creation, management and ownership of entity-level investments in real estate operating companies (REOCs) that focus on multifamily, retail and industrial properties. Principal Enterprise Capital is a subsidiary of the Principal Financial Group®.

About the Principal Financial Group
The Principal Financial Group® (The Principal®)1 is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $466.2 billion in assets under management2 and serves some 19.0 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.

1 “The Principal Financial Group” and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
2 As of Sept. 30, 2013.

Contacts
Principal Financial Group
Jaime Naig, 515-247-0798
naig.jaime@principal.com

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