Nuveen, the asset management arm of the Teachers Insurance and Annuity Association of America (TIAA), has acquired NYC-based Omni Holding's portfolio, encompassing 12,000 affordable housing units.
More than 10K of the units acquired by Nuveen are located in NYC, with most of the balance in the surrounding Tri-State region, including Newark and Long Island, with a handful of properties in the portfolio located in other states across the US.
A sale price for the transaction was not disclosed.
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