This information has been prepared for use only by wholesale clients (as defined under the Corporations Act 2001 (Cth)).

¹ Nuveen Global Cities REIT, Inc. is a Maryland corporation, which has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes and which operates in a manner that will allow it to continue to qualify as a REIT.

² A portion of REIT ordinary income distributions may be tax deferred given the ability to characterize ordinary income as Return of Capital (ROC). ROC distributions reduce the stockholder's tax basis in the year the distribution is received, and generally defers taxes on that portion until the stockholder's stock is sold via redemption. Certain non-cash deductions, such as depreciation and amortization, lower the taxable income for REIT distributions. Investors should be aware that a REIT's ROC percentage may vary significantly in a given year and, as a result, the impact of the tax law and any related advantages may vary. Nuveen Securities, LLC is not a tax advisor. Clients should consult their professional advisors before making any tax or investment decisions. This information should not replace a client's consultation with a professional advisor regarding their tax situation.

³ The Fund and/or the Underlying REIT may not be successful in achieving the investment objective.

⁴ Investments in Europe and the Asia-Pacific region, indirectly through other funds established by Nuveen Real Estate.

⁵ Being real estate securities and debt investments backed principally by real estate, and including: (1) real estate securities, such as common and preferred stock of publicly traded REITs and other real estate companies (“real estate-related securities”); and (2) debt backed principally by real estate, such as mortgage loans, subordinated mortgage loans, mezzanine loans, and mortgage-backed securities (commercial and/or residential).

⁶ Notwithstanding the intention that requests for redemption of Units will be processed on a monthly basis, under the terms of its constitution, the Responsible Entity may accept or reject redemption requests at its discretion. Investors do not have a right to withdraw from the Fund. An investor’s ability to redeem from the Fund will be subject to various factors including available cash in the Fund and the Fund’s ability to redeem from the Underlying REIT. Please refer to the PDS for additional information on redemptions.

⁷ The management fee includes the management fee charged to the Fund of 0.25% of NAV p.a., the Effective Underlying REIT Advisor Fee of 1.19% of the NAV p.a. for Class I Shares of the Underlying REIT and the fees associated with the Underlying REIT's investment in International Affiliated Funds of 0.03% of the NAV p.a. It excludes the Underlying REIT's estimated expenses of 0.42% p.a. Please refer to the Product Disclosure Statement for further details. The Advisor Fee is current as at the date of publication of this website. The fee may be subject to change in the future.

⁸ The Fund is denominated in AUD. The Fund intends to invest in Class I Shares of the Underlying REIT which will be hedged back into AUD at the Fund level. To manage the Fund's exposure to AUD/USD exchange rate risks, the Responsible Entity utilises a proportion of the Fund's assets to implement a Currency Hedging Program which is designed to, but may not eliminate, exchange-rate risk. Please refer to the PDS for more information on the Currency Hedging Program. 

Channel Investment Management Limited ACN 163 234 240 AFSL 439007 (‘CIML’) is the responsible entity and issuer of units in the Nuveen Global Cities Private Real Estate Fund ARSN 692 786 155 (the ‘Fund’). Nuveen Australia Limited (ABN 981.686.90444) (AFSL 460770) is neither the responsible entity nor the issuer of units in the Fund. Neither CIML, Nuveen Australia Limited nor any of their respective related entities, associates, officers, employees or agents make any representations or warranties, express or implied, as to the accuracy, reliability or completeness of the information contained on this website and nothing contained on this website is or shall be relied upon as a promise or representation, whether as to the past or the future.
An investment in the Fund must be through a valid paper or online application form accompanying the Product Disclosure Statement. Before making any decision to make or hold any investment in the Fund you should consider the Product Disclosure Statement in full. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.
This information is given by Nuveen Australia Limited (ABN 981.686.90444) (AFSL 460770) in summary form and does not purport to be complete. The information should not be considered advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling units in the Fund and does not take into account an investor’s particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. For further information and before investing, please read the Product Disclosure Statement and Target Market Determination for the Fund on this webpage within the fund documents above.

Risk factors:
Investing in units in the Fund involves a high degree of risk. See full information pertaining to risks in the Product Disclosure Statement, including the following risks:

• There is no assurance that the Fund (or the Underlying REIT) will achieve its investment objective.
• You should not expect to be able to sell your units in the Fund, regardless of how the Fund performs.
• You should consider that you may not have access to the money you invest for an extended period of time.
• The Fund does not intend to list its units on any securities exchange, and we do not expect a secondary market in units to develop.
• Because you may be unable to sell your units, you will be unable to reduce your exposure in any market downturn.
• The Fund intends to periodically evaluate and process withdrawal requests, but only a limited number of its units will be eligible for repurchase and repurchases will be subject to available liquidity and other significant restrictions and limitations. See “Disclosure Principle 7: Withdrawal arrangements” and “Risk Factors” in the Product Disclosure Statement (Section 6).
• An investment in the Fund’s units is not suitable for you if you need access to the money you invest. See “Disclosure Principle 7: Withdrawals” and “Withdrawal risk and illiquidity of Units of the Fund” in the Product Disclosure Statement (Section 6).
• The Underlying REIT intends to use leverage, which will magnify the potential for loss on amounts invested in us. See “Risks of the Underlying REIT: Leverage” in the Product Disclosure Statement (Section 6).
• An investment in units in the Fund will, via the Fund’s investment in the Underlying REIT, also expose an investor to all of the risks of the Underlying REIT.