TH Real Estate has launched its newest U.S. core-plus debt fund, U.S. Core-Plus Real Estate Debt Fund, according to a filing with the SEC. TH Real Estate did not comment on its fundraising efforts.
U.S. Core-Plus Real Estate Debt Fund is a core-plus real estate fund that will invest in debt secured by U.S. properties. The fund has raised $510 million in equity commitments so far, according to the filing.
In additional fundraising news, TH Real Estate recently completed the first close of its £500 million ($680 million) Global Real Estate Debt Partners – Fund II, and commenced its investment program with a £44 million ($60 million) loan in the South East of England.
TH Real Estate is an affiliate of Nuveen, the investment management arm of TIAA, and is a real estate investment manager with $109 billion in assets under management, as of Dec. 31, 2017.