TIAA Henderson Real Estate Launches Today
NEW YORK. - Tuesday, April 1st 2014 [ME NewsWire]
Completes Acquisition of Henderson’s North American Property Business
(BUSINESS WIRE) TIAA-CREF, a leading financial services provider, today completed the successful launch of its previously announced real estate joint venture with Henderson Global Investors (“Henderson”), one of Europe’s largest investment managers.
The new real estate investment management company, TIAA Henderson Real Estate (“TH Real Estate”), will pursue core and value-add investment opportunities in all major sectors of global commercial real estate. It launches with a combined $22.6 billion of assets under management (AUM) across 50 funds and mandates, overseen by a network of offices in Asia, Europe and North America. Headquartered in London, the joint venture is 60 percent owned by TIAA-CREF and 40 percent owned by Henderson.
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