Principal Asset Management has appointed Richard Hill as global head of real estate research & strategy, as the firm looks to strengthen its real estate investment strategy and research capabilities globally.
Hill will collaborate with portfolio teams on capital allocation strategies through a relative value framework. He will also lead Principal’s global real estate research team, tasked with delivering the firm’s house economic and real estate views to clients worldwide.
Hill brings 24 years of industry experience, having most recently served as head of real estate strategy and research at Cohen & Steers Capital Management, where he led investment strategy and portfolio management for global institutional clients. His background includes developing proprietary valuation models, optimising asset allocation, and driving thought leadership on market trends and innovation.
“Real estate markets are becoming increasingly complex, requiring deep expertise and a nuanced approach to investment strategy,” said John Berg, senior managing director and global head of private real estate at Principal Asset Management. “Rich brings a unique combination of market insight, portfolio management experience, and research-driven innovation that will be invaluable as we navigate opportunities across global real estate. His leadership will be instrumental in shaping our investment approach and delivering strong outcomes for our clients.”
Hill also spent part of his career as head of commercial real estate research at Morgan Stanley, where he led research across REIT equity, CRE debt strategy, and macro property sectors. He holds a Bachelor of Science in Business Administration from Georgetown University.
With this appointment, Principal aims to enhance its positioning as a global real estate manager. Principal Real Estate, the dedicated real estate investment arm of Principal Asset Management, manages over $100 billion in real estate assets and more than 60 years of experience investing across private and public real estate equity and debt markets.
