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.

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