With $500 Million Total Allocation from CalPERS, Nuveen Underscores Commitment to Preserve Affordable Housing and Build Resilient Communities
Nuveen, the investment manager of TIAA, announced today that CalPERS, California’s public sector pension and health benefits agency, is expanding its commitment to Nuveen Real Estate’s affordable housing strategy with an additional $400 million allocation.
This second allocation of $400 million is made to a separately managed account (SMA) focused on affordable housing and follows the June 2024 announcement of CalPERS’ $100 million investment in the Nuveen Real Estate U.S. Affordable Housing Strategy, bringing CalPERS’ total commitment to the strategy to $500 million.
You can now read the full press release at the link below
