TH Real Estate Acquires Town Square Las VegasBy
Las Vegas—TH Real Estate has expanded its retail holdings in Las Vegas with the acquisition of an 85 percent share in Town Square Las Vegas, a 1.1 million-square-foot lifestyle center, along with minority stakeholder Fairbourne Partners.
The price of the transaction for the 100-acre Class A retail center with 26 buildings was not disclosed.
TH Real Estate, an investment affiliate of Nuveen that was formerly known as TIAA Global Asset Management, is a real estate investment management holding company owned by TIAA with $96 billion in assets under management. The purchase of Town Square Las Vegas was made on behalf of its T-C US Super Regional Mall Fund LLC. The firm announced in August that it had closed the fund after raising $1.25 billion from investors and planned to invest in “dominant super-regional malls via ventures with top tier operators.”…
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