Nuveen Real Estate hires two managing directors, plans to launch two funds

Nuveen Real Estate has hired two portfolio managers, Chad Phillips and Brian Tilton, for its office and industrial sector strategies.

With the new hires in place, Nuveen Real Estate plans to launch two complementary funds within its Global Resilient Series later this year — The U.S. Cities Office Fund and the U.S. Cities Industrial Fund. The U.S. series provides investors the opportunity to customize their allocations to the four main property types — multifamily, retail, office and industrial — through sector-focused vehicles.

Nuveen Real Estate’s Global Resilient Series offers core investment funds, which aim to capitalize on long-term, structural real estate themes and demographic megatrends by investing in dynamic and resilient cities. The series is designed for diversification, income and long-term capital growth, leveraging the firm’s global reach and local execution. In addition to the four U.S. sector funds, the series includes the European Cities Fund and the Asia-Pacific Cities Fund, allowing investors to optimize their global real estate exposure.

Phillips has more than 18 years of investment experience in real estate and joins Nuveen from Guggenheim Real Estate, where he oversaw the firm’s investment strategies, acquisitions, financings and dispositions as a portfolio manager.

Tilton has more than 16 years of investment experience and joins the firm from Canada Pension Plan Investment Board, where he led its U.S. industrial team and was responsible for investment strategy, sourcing, underwriting, and structuring programmatic joint ventures and equity investments.