Nuveen Real Estate is launching a comprehensive global impact investing sector that will focus on building the vitality and sustainability of entire communities by enriching the lives of their residents. 

Nadir Settles will serve as Global Head of Impact Investing and Pamela West as Senior Portfolio Manager, Impact Investing. Nuveen Real Estate is one of the world’s largest real estate investment managers with more than $152 billion of assets under management.

Building on Nuveen’s proven 50-year track record in impact investing, the new global real estate sector will provide strategies that address some of the most pressing social and environmental challenges in the U.S., Europe, and the Asia-Pacific region (APAC), supporting growth goals of up to $15 billion in real estate AUM by 2026.

Specifically, the mandate is designed to improve communities by providing supportive services, enhancing residents’ quality of life and financial outcomes, and ensuring affordable, sustainable and climate safe housing, while at the same time supporting Nuveen Real Estate’s commitment to making its global property portfolio net zero carbon by 2040. 

“Nuveen is a pioneer in impact investing and we are competitively positioned to deliver a market-leading sector globally and at scale,” said Chris McGibbon, Global Head of Real Estate at Nuveen. “Under Nadir and Pamela’s leadership, I am confident that this new sector will address some of the most pressing challenges in local real estate across the globe.”