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TH Real Estate expands global operations

TIAA Global Asset Management’s US real estate operations are being integrated with TH Real Estate’s existing third-party global investment platform.

As the third-largest real estate manager in the world, TH Real Estate manages $97bn in AUM and a suite of nearly 80 funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, providing clients with access to every aspect of real estate investing. TH Real Estate is part of the global real assets unit within TIAA Global Asset Management and will remain so. The US Cities Funds will reside on the TH Real Estate platform, along with all other real estate funds currently managed by TIAA Global Asset Management.  

"We’ve been offering cross-border investment solutions for years, but having a unified investment approach will allow us to deliver a consistent menu of global real state solutions across geographies, styles and sectors," said Chris McGibbon, Co-Head of TH Real Estate, Americas. "Integrating capabilities across all three regions to form a fully-unified and commercialized global real estate platform ensures that we are squarely focused on delivering innovative products supported by local knowledge, expert execution and a long-term view that goes beyond market cycles."

The unification of TIAA Global Asset Management’s US real estate operations with TH Real Estate reflects the firm’s focus on third-party real estate investment management. Mike Sales, Co-Head of TH Real Estate, Europe & Asia-Pacific and Chris McGibbon co-lead the unified business. TH Real Estate was established in 2014 when TIAA (then TIAA-CREF) and Henderson Global Investors formed a joint venture between their real estate operations.

Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice. COMP201600347

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