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TIAA-CREF and Allianz Create Joint Venture Investment in Miami’s Waterford at Blue Lagoon
TIAA-CREF, a leading U.S. financial services organization and the nation’s largest manager of U.S. institutional tax-exempt real estate assets*, is selling a 49% interest in six office properties and two land parcels in Miami, forming a joint venture with Allianz Real Estate of America. TIAA-CREF will retain a 51% interest in the properties, located at the Waterford at Blue Lagoon corporate park near Miami International Airport, and serve as the operating partner