Important Information
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’s U.S. Cities Industrial Fund Raises $660 Million
Nuveen Real Estate, one of the largest real estate investment managers globally with $130 billion of assets under management, has raised $660 million to launch its U.S. Cities Industrial Fund, an open-end core real estate investment vehicle that acquires and manages institutional quality industrial properties in select cities across the United States. The first close reflects capital raised from a group of institutional investors in North America, Europe and Asia-Pacific, including a $150 million commitment from Nuveen’s parent, TIAA.
“The U.S. Cities Industrial Fund provides investors with broad-based logistics exposure while strategically concentrating investments in buildings that are closest to consumers and in markets with strong fundamental growth opportunities, together capitalizing on secular demand trends driven by e-commerce and urbanization,” said Brian Tilton, Managing Director, Portfolio Manager of the fund.
Concurrently with its first close, the fund acquired a $1.3 billion state-of-the-art seed portfolio comprised of 45 well-leased, Class A buildings totalling approximately 11.4 million square feet located in 12 strategic U.S. logistics markets, consistent with the Fund’s income-oriented strategy.
The U.S. Cities Industrial Fund is part of Nuveen Real Estate’s Global Resilient Series of open-end, core investment funds which aim to capitalize on long-term, structural real estate themes and demographic megatrends by investing in dynamic and resilient cities to achieve diversification, income and long-term capital growth. The Series, which provides investors the opportunity to efficiently customize their core allocations to the four primary U.S. property sectors – Multifamily, Retail, Office and Industrial – targets an investment universe of approximately 35 'tomorrow's world cities' in the U.S., which have been identified through Nuveen’s proprietary cities to best determine the most “future-proofed” locations that are best positioned to benefit from long-term structural megatrends, including demographic change, urbanization and technology.
“We are experiencing strong interest in our Global Resilient Series of funds, which give investors exposure to global diversified core real estate with flexibility to customize allocations to regions or sectors, such as industrial and multifamily,” said Wendy Pryce, Managing Director, Real Estate Distribution Specialist for Nuveen.
Nuveen Real Estate has been investing in the industrial sector since 1953 and currently manages approximately $16.9 billion of logistics investments globally. The firm’s U.S. industrial holdings now approximate $13.2 billion across both equity and debt investments with exposure to 247.2 million square feet in the U.S., providing significant market knowledge and presence.
Content Two Up Component:
Warning: Datasource not found
