TIAA-CREF acquires TIAA Henderson Real Estate

TIAA-CREF acquires TIAA Henderson Real Estate

Financial services provider TIAA-CREF has acquired the remaining ownership interest in TIAA Henderson Real Estate (TH Real Estate).


TIAA-CREF purchased the remaining 40 per cent stake of TH Real Estate from its joint venture partner Henderson Global Investors. 

The financial services firm paid 80 million pounds sterling for the $26 billion real estate investment management company.

TH Real Estate will operate as a stand alone subsidiary within TIAA-CREF’s Asset Management multi-boutique platform.

“The firm will continue to pursue value-add investment opportunities in all major sectors of commercial real estate and will have independent executive leadership and investment teams,” a TIAA-CREF statement said.

According to the statement, the completion of the acquisition supports the firm’s goal of providing diversified long-term investment opportunities to its individual and institutional investor client base.

Related Articles

 

TIAA-CREF acquires TIAA Henderson Real Estate
investordaily image
ID logo
promoted stories

Appointments

Rod Bristow

Former CommSec COO joins fintech company as CEO

Staff Reporter

Brian Thomas

Boutique manager hires Perennial executive

Staff Reporter

Tania Cummin

Equip Super appoints strategy and markets executive

Staff Reporter

Analysis

investordaily image

A correction, not a turning point

James Swanson

Martin Dropkin

Why bond covenants matter

Martin Dropkin

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton