US Teacher Pension Fund Sells Spanish Rental Assets

The Teachers Insurance and Annuity Association of America (TIAA), a US pension fund, is selling its rental property investments in Spain. Nuveen, a major global real estate investor, is managing the sale of two projects – Los Berrocales in Madrid and one in Alcalá de Henares – for approximately €180 million. This marks a significant reduction in the fund’s Spanish real estate holdings.

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