Transactions - FEBRUARY 22, 2021

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Nuveen Real Estate and Value One expand European student housing JV

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Eagle JVCo, the investment platform established in 2019 between Vienna-based Value One and Nuveen Real Estate on behalf of its parent TIAA, has agreed to acquire a portfolio of purpose-built student housing and two development sites in Poland.

The portfolio currently consists of 150 beds and will increase to nearly 800 once the additional two developments are completed. As with the joint venture’s existing assets, it will be operated by Value One’s student housing platform, Milestone.

“This most recent acquisition in Poland marks an important next step for both the Eagle JVCo and Nuveen’s involvement in the European housing market, as it represents the firm’s first residential investment in the country,” said Marta Cladera de Codina, managing director at Nuveen. “Poland offers excellent characteristics in terms of student demographics, and a severe lack of quality purpose-built accommodation currently exists, so we believe that these assets will perform s

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