Publications

Nuveen Global Cities REIT offering declared effective
Real Estate - MARCH 1, 2018

Nuveen Global Cities REIT offering declared effective

by Released

Nuveen Global Cities REIT, Inc.’s Registration Statement on Form S-11 has been declared effective by the U.S. Securities and Exchange Commission.

The initial public offering of common stock consists of up to $4 trillion of Class T, Class S, Class D and Class I shares in the primary offering and up to $1 trillion of shares pursuant to a distribution reinvestment plan.

Nuveen Global Cities REIT is a newly organized corporation formed to invest primarily in stabilized, income-oriented commercial real estate located in and around leading cities in the United States, Canada, Europe and the Asia Pacific region.

The REIT seeks to invest in properties for their resilience, long-term structural performance and their ability to deliver an attractive and stable distribution yield. It intends to qualify as a real estate investment trust for federal income tax purposes.

Nuveen Global Cities REIT is sponsored by Nuveen, LLC, a TIAA company, and externally advised by its affiliate, TH Real Estate Global Cities Advisors, LLC, an affiliate of TH Real Estate.

Shares in Nuveen Global Cities REIT will be offered on a continuous basis at a price generally equal to the net asset value per share of each class of common stock, updated monthly. The initial per share purchase price was $10.10 per share, plus applicable upfront selling commissions and manager fees.

Class T shares were initially priced at $10.10 per share plus a 3.0 percent maximum selling commission and a 0.5 percent dealer manager fee. Class S shares were initially priced at $10.10 per share plus a 3.5 percent maximum selling commission. Class D shares were initially priced at $10.10 per share. Class I shares were initially priced at $10.10 per share.

Nuveen Securities, member FINRA and SIPC, is acting as the dealer-manager for the offering on a best efforts basis and will engage selected broker-dealers to participate in the distribution of shares to individual investors.

Forgot your username or password?