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New York & Tri-State  + New York  + Finance  | 

Nuveen Secures $250M for Impact Housing Fund  

Nuveen has secured a $250 million commitment from the TIAA General Account to seed the Nuveen Real Estate U.S. Impact Housing Fund.  

The core-plus, open-end fund aims to generate strong risk-adjusted returns while creating housing opportunities for low-income residents across the U.S. It will invest in a geographically diverse portfolio of properties, including those with rent subsidies, rent restrictions, income restrictions, and Naturally Occurring Affordable Housing (NOAH) assets. The fund also intends to support minority and women developers of affordable housing.  

“As demand for affordable housing has intensified nationwide, more investors are seeking opportunities in this resilient housing sector that produces positive societal benefits and steady returns—both of which are also aligned to TIAA’s objectives,” said Pamela West, portfolio manager of Impact Investing at Nuveen Real Estate. “As a key component of healthy, sustainable communities, affordable housing also enhances economic activity and job creation.”  


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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