TH Real Estate launches REIT

TH Real Estate, an affiliate of New York–based Nuveen, has filed a registration statement for a proposed initial public offering of Nuveen Global Cities REIT, looking to raise up to $5 billion.

Nuveen Global Cities REIT intends to invest primarily in stabilized, income-oriented commercial real estate located in and around major cities in the United States, Canada, Europe and the Asia Pacific region. It plans to focus approximately 60 percent of its portfolio in the United States with about 40 percent of its investments outside the country.

Nuveen Global Cities REIT already has acquired two assets, the Papago industrial park in Phoenix and Kirkland Crossing Apartments in Aurora, Ill., according to CoStar.