Nuveen Real Estate Launches $550M Multifamily Fund
Nuveen Real Estate | February 20, 2019
Nuveen Real Estate has launched its U.S. Cities Multifamily Fund with $550 million on first close. The fund is an open-end perpetual life real estate investment vehicle that will acquire and manage institutional quality multifamily rental properties in select U.S. cities. The first close is anchored by a $450 million capital commitment and seed portfolio from a third-party investor. It is augmented by a $100 million co-investment from TIAA, the parent company of Nuveen Real Estate.