Nuveen Real Estate secures $100m for Japan Alternatives Living strategy

Nuveen Real Estate has raised $100 million in an initial first close of its Japan Alternatives Living strategy. The investment came from institutional real estate investor Bouwinvest, joined by Nuveen’s parent company, TIAA.

The strategy will primarily focus on stabilized senior housing and may also pursue investments across alternative living sectors, including student housing, single-family and co-living assets across Greater Tokyo, Osaka and Nagoya.

“The global shift towards an elderly demographic is a transformation that is already shaping government policy and affecting economies around the world,” said Louise Kavanagh, CIO and head of Asia Pacific, real estate, at Nuveen. “This demographic transition presents investment opportunities in industries that serve the needs of the growing aging population.”

Nuveen Real Estate Japan manages more than $1 billion multifamily assets, composed of 52 assets and more than 3,183 units, predominantly in Tokyo.