Property Manager of the Year

Article originally published by Insurance Asset Management, March 5, 2025

Nuveen Real Estate is one of the largest global investment managers¹ , overseeing a diverse portfolio of funds and mandates across public and private sectors, debt and equity, and various geographies and investment styles. Nuveen serves clients worldwide and acts on behalf of its parent company, TIAA.

Nuveen has committed to deploying billions in healthcare, student housing, single-family rental properties, manufactured housing, and data centres. In the UK, it provided a £150 million loan for 1,400 high-quality, affordable single-family houses and apartments, aiming to improve the rental market.²

This year, Nuveen acquired Self Storage Group (SSG) in Scandinavia for NOK 4.9 billion, becoming one of the Nordic region's largest self-storage platforms. It also acquired Omni Holding Company's U.S. real estate portfolio, increasing its affordable housing assets under management to $6.4 billion. Nuveen launched its U.S. Affordable Housing platform, securing a $250 million commitment from the TIAA General Account.³

Nuveen has demonstrated a strong focus on sustainability, earning praise from judges. The firm's green loan framework has originated $1.3 billion in green loans, and it developed a proprietary ESG scorecard for the European Debt Strategy. It issued Australia's first green loan, financing an AU$61.5 million Senior Green Loan for a 5 Green Star logistics warehouse in Melbourne.

On the issue of net-zero carbon (NZC), Nuveen is making significant progress toward decarbonizing its global property portfolio and achieving NZC by 2040. The firm recently brought forward its target of a 30% reduction in energy intensity by 2030 to 2025, thanks to successful energy efficiency strategies. To date, Nuveen has achieved a 28% reduction and is just two index points away from its target .

Congratulations to all at Nuveen for an outstanding entry and for leading the way in property investment management for insurers.