Overview
Credit tenant loans (CTLs) are commercial real estate debt instruments secured by properties leased to creditworthy tenants under long-term, typically triple-net leases. Nuveen's CTL strategy can offer investors bond-like characteristics with real estate collateral backing, combining predictable income streams with asset security.
Why invest in Credit Tenant Loans with Nuveen?
- Dedicated team: Early mover in the industry and one of the few institutional investors with a team dedicated to CTLs. Nuveen’s credit tenant loan platform has been providing expertise in the space since 1996.
- Portfolio diversification: CTL issuers are often privately held companies and municipal credits, providing diversification benefits relative to more traditional corporate private placement transactions – i.e. only 35% of Nuveen’s portfolio holdings are publicly traded companies.
- Structuring expertise: Nuveen’s experience in crafting structuring solutions provides access to differentiated investments while strengthening relationships with brokers and borrowers.
- Real assets as collateral: CTLs provide security through the assets being financed. Nuveen’s CTL portfolio is secured by approximately 163 million square feet of real property.
- Proprietary deal sourcing: Nuveen maintains strong relationships with brokers, developers, and outside counsel leading Nuveen to often be the first call on potential transactions.
