This is a very interesting perspective from a big player in Commercial Real Estate investments. Enjoy!
New York-based TIAA-CREF is considered one of the largest institutional real estate investors in the world. The self-described financial services organization has more than $435 billion in total assets under management and about $25 billion in real estate assets.
That size alone makes TIAA-CREF’s perspective important in today’s uncertain economic environment. We caught up with Philip McAndrews, the company’s managing director and head of real estate portfolio management, to pick his brain about the state of the markets and how the company is sourcing deals and building its investment portfolio. [...more...]
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