Headquarters: New York City
AUM: $29.8 billion
Allocation to real estate: 4%
TIAA has made a €50 million commitment to Nuveen Real Estate’s new pan-European Value-Add fund. This represents the first time Nuveen has ventured into value-add real estate in the European market.
Nuveen European Value-Add Fund I will focus on opportunities across Europe and the UK; specifically, seeking opportunities for investments in urban logistics, housing and alternatives.
TIAA has previously committed to other Nuveen vehicles. However, this is the first time it has committed to a fund under Nuveen’s real estate arm.
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