NBIM and TIAA-CREF Acquires Property Across from US Capitol

Posted on 11/15/2014

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has purchased a 49.9% stake in the land at 400-444 North Capitol Street in Washington D.C. for US$ 82.3 million. This transaction was purchased in a joint venture with TIAA-CREF, valuing the deal at US$ 165 million. The seller is the Maritime Engineers’ […]