Seyfarth Reps TIAA-CREF In $1.5B Mall Venture With APG

Law360, New York (October 17, 2011, 7:51 PM EDT) -- Retirement services provider TIAA-CREF has forged a joint venture with Dutch pension manager APG to invest in five shopping malls valued at $1.5 billion as part of an effort to secure long-term income, the companies announced Monday.

The joint venture will hold 50 percent stakes in four shopping centers in five major metro areas: Houston, Kansas City, Kan., Nashville, Tenn., St. Louis and Washington.

The deal includes four shopping centers TIAA-CREF acquired through a deal with CBL & Associates Properties Inc. earlier this month, as well...
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