Article: Principal Capital Real Estate Investors Names Real Estate Equity Head; Frank Schmitz Promoted to President, Real Estate Equity.

Business Editors

DES MOINES, Iowa--(BUSINESS WIRE)--May 3, 2002

Principal Capital Real Estate Investors--a leading real estate asset manager and affiliate of Principal Capital(SM) --has named Frank Schmitz - president of its real estate equity group.

Effective July 1, 2002, Schmitz will be responsible for the management and continued growth of Principal Capital Real Estate Investors' $5.6 billion real estate equity business. He will succeed Julia Lawler, who was named senior vice president and chief investment officer for the Principal Financial Group.

Schmitz has 17 years of real estate investment experience, including 10 years with ...

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