This site has been created for exclusive use by institutional investors only and does not take into account investment objectives, financial situation or specific needs of any individual investor. Information should not be the sole basis for any investment decision.
If you are not an institutional client, consultant or financial professional and are looking for more information about mutual funds and other products at Nuveen, please visit our site at www.nuveen.com.
Past performance is not a guarantee of future performance. All investments involve some degree of risk including loss of principal. Investment objectives may not be met.
By agreeing you are confirming you are being truthful, acknowledging you have read the information above and accept the terms and conditions set out with this site and meeting the intended audience requirement for this site. Not all content on this site is appropriate or applicable for the general public and we cannot guarantee consequences with the use of this information by unauthorized or unintended users. Content on this site may not be redistributed and is for informational purposes only and does not constitute investment advice or provide a solicitation of an offer to buy any security.
Nuveen Real Estate Expands Multifamily Portfolio with Acquisition of Two Properties in Minneapolis
The first investment, Flux Apartments, is an amenity-rich property ideally located in the Uptown/St. Louis Park neighborhood. The property consists of a mix of studio, one and two bedroom units averaging 757 square feet, and is proximate to many notable employers with easy access to public transportation and major highways.
The second acquisition, Junction Flats, is located in the North Loop Neighborhood of Minneapolis and boasts direct frontage on the Greenway, a 5 mile walking, biking and jogging path. The property is walkable to employment, retail, and unique restaurant and night-life offerings, and is one of the fastest growing living areas for millennials.
“These high quality assets along with the large portfolio we acquired in February reflect the types of assets the fund will continue to invest in,” said Nikita Rao, Portfolio Manager of the Fund. “With these additional acquisitions, the Fund portfolio now consists of 11 assets with over 3,400 units, across nine core U.S. markets, valued at $965.5 million.”
Nuveen Real Estate’s U.S. direct multifamily residential equity and mortgage debt investments are valued at over $20 billion*. The platform is comprised of 245 investments across 50 markets and multiple sub-sector types, including Class A and B, luxury, workforce housing and specialty demand properties, such as student and senior housing.
The portfolio is part of Nuveen Real Estate’s Global Resilient Series which aims to capitalize on long-term, structural real estate themes and demographic megatrends by investing in dynamic and resilient cities. The U.S. sleeve of the series, which provides investors the opportunity to customize their allocations to the four main property types – multifamily, retail, office and industrial – is grounded in global market and economic forecasts, thematic recommendations, local market analyses and execution.
About Nuveen Real Estate
Nuveen Real Estate is one of the largest investment managers in the world with $130 billion of assets under management. Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing.
With over 80 years of real estate investing experience and more than 600 employees* located across over 25 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise. For further information, please visit us at nuveen.com/realestate
Source: Nuveen, 30 Sep 2019.