Nuveen Real Estate is one of the largest investment managers in the world with $141 billion of assets under management.
Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing.
With over 90 years of real estate investing experience and more than 765 employees* located across 30+ cities throughout the United States, Europe and Asia Pacific, the platform offers global reach with deep sector expertise, providing investors access to high quality investments across the private real estate investment landscape.
For further information, please visit us at nuveen.com/realestate
*Includes 355 real estate investment professionals, supported by a further 411 Nuveen employees. Source: Nuveen, 30 June 2025.
Sector forecasts
INDUSTRIAL: Industrial fundamentals have softened in early 2025 as trade policy uncertainty has led to delayed leasing decisions. However, this appears to be primarily a timing issue, and activity should rebound as policy frameworks are clarified. While vacancy rates currently exceed historical averages due to cautious demand and ongoing supply additions, the market is well-positioned for improvement once clarity emerges and pent-up demand is released.
OFFICE: Secular pressure from remote working is easing as most leases signed prior to 2020 have expired with tenants “right-sizing” new leases to incorporate hybrid schedules. Cyclical weakness remains a threat to demand as office-using job growth has been net negative since H2 2022 corresponding with rising interest rates. Regional differences remain with the Sun Belt markets adding more jobs, while New York City has a much stronger RTO than other Gateway markets. Newer and better-located products will continue to outperform the headline national figures for vacancy and rent growth.
RESIDENTIAL: The multifamily sector is demonstrating its ability to absorb record levels of new supply as evidenced by several quarters of above-average demand. Supply growth is highest across Sunbelt markets, which are generally experiencing the strongest job growth and in-migration compared to markets in other U.S. regions. The cost of homeownership will remain unaffordable in the near term for many U.S. households which should translate to sustained, consistent rental demand.
RETAIL: The necessity retail sector continues to demonstrate resilience in today’s dynamic market environment. Across global markets, assets anchored by grocery, discount retail, health and wellness and essential services seem to have maintained strong performance despite shifting consumer preferences and economic headwinds. This resilience is particularly evident in suburban locations, where retailers are actively expanding their footprint to meet growing consumer demand for convenient, accessible retail options.
OTHER: Alternatives in commercial real estate are typically less cyclical than core property types and should continue to generate solid performance should economic conditions worsen in upcoming quarters. Sectors like senior housing and medical office have steady demand tailwinds driven by the aging U.S. population and have experienced limited supply growth in recent years, leaving them well-positioned to perform over the long-term. Housing alternatives such as manufactured and impact housing continue to experience healthy demand, boosted by affordability challenges in traditional single-family housing. Data center fundamentals are likely to remain exceptionally strong as the proliferation of artificial intelligence drives a near-insatiable demand for data storage.
Investment principles & strategy
A client-focused culture is at the core of who we are and what we believe our clients expect from us. We take a stable, risk-aware investment approach to our business, which places our clients and investment teams at the heart of our process. Our fund management teams work closely with our clients to deliver investment performance that meets their objectives. The teams operate within a defined investment process with established risk controls, accompanied by investment committee oversight. Our tomorrow’s world investment philosophy incorporates strategic insights on megatrends throughout every stage of the investment process, looking beyond market cycles to assess how structural trends can best inform long-term real estate investments. Sustainability is embedded in everything we do for the enduring benefit of our clients and society.
Strategic corporate development
We work closely with our clients to develop long-term strategic relationships, to understand their goals and meet their requirements. To ensure we provide each investor with a tailored solution, made up of a range of products and strategies, we have developed our range of solutions to offer the resilient, enhanced and debt series as well as our global strategic capitalisations:
- Our resilient series focuses on providing investors with diversification, income and long-term capital growth. We invest in assets that provide durable capital preservation with an exposure to essential property sectors that look beyond market cycles.
- Our enhanced series aims to provide investors with enhanced levels of capital growth. We invest in assets in emerging sectors and locations where we have identified mispricing opportunities that have the potential to benefit from current megatrends.
- Our debt series is designed to provide investors with income-driven returns and downside risk mitigation. We provide loans on institutional quality assets across the risk spectrum to help navigate short-term market cycles.
Our global strategic capitalization offering is our newest addition, where investment strategies are designed to meet evolving client priorities, providing customized solutions based on specific client needs.
Performance verification
Nuveen Real Estate’s Performance Team has over 35 years of applied real estate performance and risk management experience. Applying strong auditable control risks, and adopting applicable real estate industry standards, the team operates independently of fund and account teams.
COMPLIANCE STATEMENT
All information is as at 30 June 2025. These materials are for use only by the intended party and may be circulated to only the person whom they may lawfully be distributed. Any entity responsible for forwarding this material to other parties takes responsibility for ensuring compliance with local laws and in particular any applicable financial promotion rules. The information presented in these materials is believed to be materially correct as at the date hereof, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. Data was taken from sources deemed reliable but cannot guarantee its accuracy. The statements contained herein reflect opinions as of the date written and are subject to change without further notice. Nothing set out in these materials is or shall be relied upon as a promise or representation as to the past or future. This information does not constitute investment research as defined under MiFID. Nuveen, LLC provides investment solutions through its investment specialists.
