TIAA subsidiary raises $245m from US, German pension plans. : TH Real Estate has raised $245m (€208m) of equity from three large US state pension plans and a German pension fund for its CASA Partners VII multifamily housing club fund, which it has now closed. The property manager — an affiliate of TIAA’s investment management arm Nuveen — said that, once including leverage, the fund will be able to invest around $400m in value-add properties for the fund.