Nuveen Real Estate, one of the largest real estate investment managers globally, today announced it has raised $320 million in new capital from institutional investors for its U.S. Cities Retail Fund. The open-ended fund, part of Nuveen’s U.S. Cities series, is one of the few Open End Diversified Core Equity-benchmarked retail vehicles available in the market today.

Launched in 2018, the U.S. Cities Retail Fund targets necessity-based neighborhood retail properties anchored by grocery and daily needs tenants. The strategy focuses on high-liquidity markets where consumers live and work, and where well capitalized retailers are looking to expand.

“Having been through the full cycle of retail real estate, we can say that this is a great vintage moment for the sector and are excited to see the strong momentum and investor interest from this new capital to the strategy,” said Katie Grissom, Head of Retail and Mixed-Use, Nuveen Real Estate. “Nuveen Real Estate’s unique, sectorized approach has leading experts at the helm of every step of the process – across asset management, asset selection and research. Informed by our proprietary research across public and private markets, our team has a unique, multi-dimensional view into consumer behavior, market dynamics, and policy trends, allowing us to be more thoughtful and strategic in how we underwrite retail, especially at the neighborhood level where local nuance matters most.”

You can now read the full press release at the link below