Nuveen Real Estate has raised an additional $500 million across its US Cities Multifamily Fund and US Cities Industrial Fund.
Since its launch, the US Cities Multifamily Fund has raised $1.02 billion from eight investors, including $327 million raised in its most recent closing from institutional investors in the US and abroad.
"We continue to experience strong investor demand for the US Cities Multifamily Fund from institutions seeking income opportunities during what has proven to be an extremely challenging environment," said Nikita Rao, portfolio manager, US Cities Multifamily Fund in prepared remarks.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
