Nuveen’s Strategic Alternatives Fund I completes final closing

Nuveen’s Strategic Alternatives Fund I held its final close in fourth quarter 2022 with $214 million of equity commitments, according to the IREI.Q database.

The value-add strategy will target alternative property types with a near-term focus on medical office buildings, single-family rentals and self-storage.

Nuveen’s alternatives-investments sector consists of life science, medical office, self-storage, data centers, student housing, co-living, manufactured and senior housing, single-family rentals, hotels and healthcare. The firm is focused on investing in non-traditional real estate with a demographic-driven investment focus, according to Nuveen’s website.

The firm declined to comment on its fundraising activity.