Allocating $100 Million to the Nuveen Real Estate U.S. Affordable Housing Strategy
Nuveen, the investment manager of TIAA, announced today that CalPERS, California’s public sector pension and health benefits agency, has made a $100 million investment in the Nuveen Real Estate U.S. Affordable Housing Strategy.
Launched in 2023, Nuveen’s U.S. Affordable Housing Strategy seeks to generate strong risk-adjusted returns and build resilience among communities in the U.S. through access to safe, quality affordable housing. In total, Nuveen’s portfolio currently comprises nearly 32,000 housing units across the U.S., valued at $6.3 billion.
The largest defined-benefit public pension in the U.S., the CalPERS pension fund serves more than 2 million members in the CalPERS retirement system1; the agency also administers benefits for more than 1.5 million members and their families in the CalPERS health program
You can now read the full whitepaper at the link below
