N
uveen Real Estate, a leading global real estate investment manager, has raised $320 million in new capital for its US Cities Retail Fund. The open-ended fund is part of Nuveen's US Cities series and 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 well-capitalized retailers are looking to expand. "This is a great vintage moment for the sector," said Katie Grissom, Head of Retail and Mixed-Use at Nuveen Real Estate. "Our unique approach has leading experts guiding every step of the process, from asset management to research."

    The fund is part of Nuveen's broader retail platform, which manages $8 billion in assets under management across a diversified national portfolio. Institutional capital is increasingly recognizing the resilience of necessity-based retail, according to Brian Wallick, Senior Director & Portfolio Manager at Nuveen Real Estate.

    "We're seeing an abundance of lender appetite in this space, providing an ability to maximize risk-adjusted returns," said Wallick. "We focus on high-quality locations with essential tenants serving high-income consumers demonstrating resilient demand for tenant products and services."

    Nuveen's geographically dispersed team is well-positioned to unlock value and drive performance across the portfolio. The company has over 90 years of real estate investing experience and manages $141 billion in assets under management globally.