Nuveen Real Estate’s U.S. Cities Industrial Fund Raises $660 Million

Business Wire | March 04, 2020

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.

Spotlight

The dramatic increase in the number of Australians turning 65 over the next 20 years is now an established demographic fact. Treasury projects a doubling of the seniors’ population by 2050, with an economically signifcant reduction in the ratio of taxpayers to retirees. To support this growth there needs to be a large corresponding increase in the amount of purpose-built housing, so that the 8.1 million Australians who will be over 65 by 2050 continue to have the choice, independence and autonomy that they expect and deserve.

Spotlight

The dramatic increase in the number of Australians turning 65 over the next 20 years is now an established demographic fact. Treasury projects a doubling of the seniors’ population by 2050, with an economically signifcant reduction in the ratio of taxpayers to retirees. To support this growth there needs to be a large corresponding increase in the amount of purpose-built housing, so that the 8.1 million Australians who will be over 65 by 2050 continue to have the choice, independence and autonomy that they expect and deserve.

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REAL ESTATE TECHNOLOGY

MIAX to Launch Suite of BRIXX™ Commercial Real Estate Futures on MGEX

MIAX | September 16, 2021

MIAX, creator and operator of high-performance securities exchanges, products and services, will launch cash-settled futures contracts on BRIXX™ Commercial Real Estate (CRE) Indexes developed by Advanced Fundamentals. The first contract to be listed will be the BRIXX Retail Index futures contract which is expected to begin trading on October 4, 2021. Three additional BRIXX CRE Index futures are expected to be listed in the fourth quarter of 2021. Cash-settled options on the BRIXX CRE Indexes will launch on MIAX, also targeted for fourth quarter of 2021. The launch of the futures and options contracts remain subject to regulatory approval. BRIXX futures and options will provide investors with targeted exposure to the $16 trillion commercial real estate market, including the Residential, Retail, Office and Hospitality commercial real estate sectors. BRIXX CRE Indexes measure real-time real estate returns and are priced using real-time public market data aggregating over $750 billion in property values. The design also allows the BRIXX CRE Indexes to be priced in terms that real estate professionals know and understand such as price per room key (Hospitality), or price per square foot (Residential, Office, Retail). We are pleased to launch the new BRIXX CRE futures, which are based on Advanced Fundamentals' suite of index products that measure real estate prices without the pricing lag associated with traditional CRE indexes, These products provide professional real estate investors with an innovative tool that affords real time access and synthetic exposure to the physical real estate market -Thomas P. Gallagher, Chairman of MGEX and Chairman & CEO of MIAX. Cash-settled futures contracts will be listed on MGEX via the CME GLOBEX® platform and will be cleared by MGEX, a wholly owned subsidiary of MIAX's parent holding company, Miami International Holdings. We believe real estate funds and institutional professionals will be attracted to BRIXX futures and options and that the products have the potential to provide an entirely new asset class of commercial real estate derivatives to the industry. Advanced Fundamentals has devoted significant resources to the design of the BRIXX CRE indexes, incorporating considerable feedback from the industry throughout the design process and we look forward to launching this innovative suite of derivatives for the industry. - John Smollen, Executive Vice President and Head of Exchange Traded Products and Strategic Relations at MIAX About MIAX MIAX's parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC, MIAX PEARL, MIAX Emerald, LLC (MIAX Emerald®), the Minneapolis Grain Exchange, LLC (MGEX), and the Bermuda Stock Exchange. MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX's industry-leading technology and infrastructure to provide U.S. listed options trading to their member firms. MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY). In addition to options, MIAX Pearl facilitates the trading of cash equities through MIAX Pearl Equities™. MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a Notice Registered Securities Futures Product Exchange with the SEC. MGEX serves as the exclusive market for a variety of products, including Hard Red Spring Wheat and SPIKES Futures. In addition, MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and cash market services in an array of asset classes. The BSX is a leading electronic international securities market regulated by the Bermuda Monetary Authority (BMA) specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities. A full member of the World Federation of Exchanges and affiliate member of the International Organization of Securities Commissions, the BSX is globally recognized, including by the SEC.

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Better Homes And Gardens Real Estate Announces Its 'Summer at Home' Campaign

Better Homes and Gardens Real Estate LLC | July 29, 2020

Better Homes and Gardens Real Estate LLC, the leading real estate lifestyle brand, announced today its Summer at Home campaign for consumers seeking creative ways of enjoying the summer from their own homes. The campaign was fueled by insights from the Better Homes and Gardens® Real Estate brand's vast network of affiliated brokerages and agents who have their pulse on the latest home lifestyle trends in their communities. "The summer of 2020 will be defined by trends such as outdoor experiences, more intimate gatherings and home being a haven for staycation experiences. People are looking for inspiration on how to make this time memorable," said Jennifer Marchetti, Chief Marketing Officer at Better Homes and Gardens Real Estate. "Better Homes and Gardens Real Estate was built on a brand that's been an integral part of the American home since 1924. Our lifestyle content helps our clients add style and fun to big and small moments alike.

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REAL ESTATE INVESTMENT

William Raveis Real Estate Acquires Key Solutions Real Estate, Enters Sarasota Market

William Raveis Real Estate, Mortgage & Insurance | August 11, 2021

William Raveis Real Estate, Mortgage & Insurance (WRRE), the top family-owned real estate company in the Northeast, spanning to Florida, is pleased to announce it has acquired Sarasota, Fla.-based Key Solutions Real Estate, a leading luxury and family-owned brokerage with 44 professional sales associates, effective today. Key Solutions' offices on Siesta Key and in Lakewood Ranch will reopen under the William Raveis Real Estate luxury brand, creating unprecedented value for their customers and the community. The acquisition marks WRRE's entry into the Sarasota market, following Naples and Palm Beach. William Raveis Real Estate has acquired Key Solutions Real Estate, a luxury and family-owned brokerage in Sarasota, Fla. "Key Solutions Real Estate has built a wonderful culture with their staff and sales associates, and delivers an exceptional level of customer service," says William "Bill" Raveis, Chairman and CEO of WRRE, who founded the company 47 years ago and has grown it into a luxury real estate powerhouse with more than 4,300 agents in eight states and $16 billion in production in 2020. The addition of two offices in Sarasota brings the current total of William Raveis offices in Florida to 14, and the family-owned company is actively seeking additional growth opportunities on both coasts of Florida. Since opening its first office in Naples just 5 years ago, and then expanding to Palm Beach, WRRE is on track to close well over $3 billion in sales in Florida alone. "Florida is hot in more ways than one," said Raveis. "As more and more people from the Northeast buy primary or vacation homes in Florida, we plan to expand throughout Florida for many years, further strengthening our luxury network." Susan Saltalamacchia, along with her son, Brian Tresidder, and close family friend, Keith Redding, spent a decade building Key Solutions into a highly successful, collaborative and family-oriented boutique luxury brokerage, specializing in the sale and rental of properties throughout Sarasota, and have generated close to $1 billion in sales since their inception. "When we were approached to join William Raveis Real Estate, we knew it was a perfect fit. Their company and leadership team have the same values we embrace in our offices and their focus on agent success and training to improve the customer experience is second to none. We knew this was a company we wanted to be working with, and not against," says Tresidder, who will continue on as broker for the two Sarasota offices. Strengthened Luxury Network from Sarasota to Northeast, International This acquisition secures a competitive edge in the South Florida luxury markets by broadening WRRE's high-end network of ultra-luxury markets from areas in the Northeast like Nantucket, Wellesley, Greenwich, Westchester and Manhattan to Naples, Palm Beach and now Sarasota. "There's no other brokerage like us in Sarasota. We have more than 4,000 sales associates in our Northeast footprint, and considering 4 of the top 5 states with the most people moving to Sarasota County are from the Northeast, we offer a marketing network unlike any other," adds Matt Lane, General Manager of William Raveis in Florida. In 2018, Luxury Portfolio International, the marketing division of the world's largest international brokerage network, Leading Real Estate Companies of the World, recognized William Raveis as the #1 Global Luxury Broker in their unrivaled global network of 550 leading independent brokerages in 65 countries. Together with Leading Real Estate's luxury marketing arm and Luxury Portfolio International, WRRE's listings are broadcast to the best brokers and the most affluent buyers around the world. WRRE is the only privately held firm offering mortgage and insurance services under one roof to its clients, thereby creating a seamless end-to-end customer experience. In addition, WRRE is proud to be the first in the nation to offer homeowners the most complete set of real estate services on the market. Not only will WRRE help clients buy and sell homes, they offer an expert partner to help renovate and stage the property, finance and mortgage the home, and provide closing services and insure a client's next home. With Raveis Purchase, WRRE will even purchase the client's home to make the process completely hassle-free. The newly launched program, Raveis CashBid, empowers buyers to present a cash bid, giving them an advantage in a competitive market. ABOUT WILLIAM RAVEIS REAL ESTATE, MORTGAGE & INSURANCE William Raveis Real Estate, Mortgage & Insurance is the number one family-owned real estate company in the Northeast, spanning to Florida, and the sixth largest independent real estate brokerage in the United States, according to RealTrends. William Raveis, WRRE's CEO and Chairman, founded the company 47 years ago and has turned it into a real estate powerhouse with more than 4,300 talented sales associates across 134 offices in Connecticut, Florida, Massachusetts, New Hampshire, New York, Rhode Island, Maine, and Vermont. WRRE is the only privately held firm offering mortgage and insurance services under one roof to its clients, thereby creating a seamless end-to-end customer experience. In 2020, William Raveis closed $16 billion in real estate sales, $2 billion in mortgages, serviced 30,000 insurance customers, and closed 27,000 transactions.

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