NEW YORK, June 1, 2015 – TIAA-CREF, a leading financial services provider, today announced that it has successfully completed its acquisition of the remaining ownership interest in TIAA Henderson Real Estate (“TH Real Estate”) from its joint venture partner, Henderson Global Investors (“Henderson”) for 80 million pounds sterling. The completion of the acquisition gives TIAA-CREF full ownership of the company, in which it previously held a 60 percent stake.
TH Real Estate, a global real estate investment management company with approximately $26 billion in assets under management, 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.
TIAA-CREF’s global real estate platform manages over $82 billion in real estate assets as of March 31, 2015, and has deep expertise across the office, retail, industrial and multi-family sectors. The completion of the TH Real Estate acquisition supports the firm’s overall goal of providing attractive and diversified long-term investment opportunities to its individual and institutional investor client base.
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $866 billion in assets under management (as of 3/31/2015) and is the leading provider of financial and retirement services in the academic, research, medical and cultural fields.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
TH Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or TIAA-CREF Alternatives Advisors, LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Teachers Personal Investors Services, Inc., member FINRA.
TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, for details. Past performance does not guarantee future results. You cannot directly invest in the TIAA General Account.