Broadens transaction expertise to capitalize on growing demand for real estatethat facilitates e-commerce and intermodal distribution
TH Real Estate, an affiliate of Nuveen (the investment manager of TIAA), has appointed Graydon Bouchillon as Managing Director, Head of Industrial for the US market. In this new role, Bouchillon will be responsible for the firm’s industrial real estate acquisition, disposition and operational activity in the US industrial sector.
TH Real Estate manages approximately $11bn US of institutional-quality industrial properties across all of the major distribution markets in Europe, the UK and US. The bulk of its properties are distribution warehouses, flex properties and short-haul local distribution assets comprised of approximately 133 properties in the US and 83 properties in the UK and Europe.
“Industrial is an asset class with tremendous growth potential due to the increase in e-commerce and the need for retailers to provide timely local deliveries. From his extensive industry experience to his deep understanding of the industrial sector, we believe Gray will strengthen our expertise in identifying and acquiring well-managed, strategically important assets,” said TH Real Estate’s John Cornuke.
Gray formerly served as President and Chief Investment Officer of Evergreen Industrial Properties. Prior to Evergreen, Gray worked at Colony Capital as Senior Vice President and at Cobalt Capital Partners. He obtained a BS in both Finance and Accounting from Indiana University as well as an MBA from the Kelley School of Business at Indiana University.
Recent TH Real Estate research reveals that industrial property returns averaged a 13.1% for 2017 according to data from National Council of Real Estate Investment Fiduciaries (NCREIF) Property Index[1], the highest among traditional property sectors and the only sector to remain within the double-digits. Through the proliferation of online sales combined with new pro-growth legislation and a strong global economy, TH Real Estate anticipates that the industrial sector will continue to grow.
“Typically at this point in the economic cycle, investors begin to shy away from real estate investments. But this economic cycle is unlike any other in the past, especially for industrial real estate, where there is growing demand for logistics and warehousing facilities,” said Melissa Reagen, Head of TH Real Estate Research US.
TH Real Estate, an affiliate of Nuveen, the investment manager of TIAA, is one of the largest real estate investment managers in the world with $109bn in AUM. Managing a suite of funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, we provide access to every aspect of real estate investing. With over 80 years of investing experience, and more than 520 real estate professionals located across 22 cities throughout the US, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.
Our investment, asset management and corporate strategies grow from a deep understanding of the structural trends that we believe will shape the future of real estate and responsible investing beyond market cycles. This ‘Tomorrow’s World’ approach sits at the core of our investment process and business operations, informing our long-term view of real estate investments for the enduring benefit of both clients and society.
