National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  + Industrial  | 

Nuveen Fund Raises $660M; Acquires $1.3B Portfolio

Nuveen Real Estate launched its U.S. Cities Industrial Fund, with an initial close of $660 million. The fund is focused on acquiring and managing institutional-quality industrial properties throughout the United States. Capital raised came from institutional investors in North America, Europe and Asia-Pacific, including a $150-million commitment from Nuveen’s parent, TIAA.

The open-end, core real-estate fund has already gone to work, acquiring a $1.3-billion seed portfolio, consisting of 45 well-leased Class A industrial buildings. The portfolio totals 11.4 million, with assets situated in 12 strong U.S. logistics markets.

“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.

Pictured: Generic Industrial

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Read more at BusinesswireConnect With Nuveen Real Estate

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

Step 1: Select Education
  • ◦Financing
  • ◦Sale/Acquisition
New call-to-action
New call-to-action