Nuveen, the investment manager of TIAA, announced today that Chad W. Phillips will serve as Global Head of Nuveen Real Estate, effective immediately, as the firm activates long-standing succession plans following Chris McGibbon’s decision to retire after nearly 25 years of service.
In this role, Mr. Phillips will be responsible for $141 billion in assets under management of commercial real estate equity and debt investments extending across 22 countries globally. He will also chair the Nuveen Real Estate Global Executive Leadership Team, which oversees the platform’s strategic initiatives.
With nearly 25 years of experience in all facets of real estate investing and portfolio management, Mr. Phillips joined Nuveen in 2019. Most recently, he led a global team of dedicated sector specialists that focus on workplace, healthcare, retail and mixed-use investments, overseeing the strategy, performance, and day-to-day investment and fundraising activities across those sectors. He graduated with a B.A. from Davidson College and a master’s degree in real estate from Georgetown University.
“Chad is known for his leadership style, investment expertise and consistent commitment to client service,” said Mike Sales, Chief Executive Officer of Real Assets at Nuveen. “I have every confidence he will maintain our drive for excellence as he guides the platform into the future.”
In keeping with his decades-long commitment to the best interests of clients and colleagues, Mr. McGibbon will ensure a smooth transition, remaining with the firm until his retirement on June 30, 2025.
You can now read the press release at the link below
