Nuveen crosses $1b mark for real estate debt fund

IREI has learned that Nuveen Real Estate has raised $1.1 billion for its NPCCT U.S. Core-Plus Real Estate Debt Fund.

The firm did not comment on its recent investment activity at the time of publication.

Launched in June 2018, the open-end investment vehicle is looking to invest in core-plus real estate debt in the United States.

According to Nuveen’s website, the firm’s commercial real estate debt capabilities span the spectrum of property types and include industrial, office, retail and multifamily, as well as alternative sectors such as student housing, self-storage, hotels and medical office. The firm’s debt product suite includes both open- and closed-end private funds, co-investment opportunities and separately managed accounts.

“For institutional real estate investors seeking secure potential returns, private debt is an increasingly inviting strategy,” stated the firm. “No longer a niche play, it has become a fundamental part of many in