Katie Grissom, who leads Nuveen’s retail and mixed-use division, described the current environment as a “great vintage moment” for retail real estate, noting the strong investor interest and momentum behind the fund. She emphasized that Nuveen’s sector-focused strategy, guided by experts in every phase of the investment process, positions the company to capitalize on opportunities in necessity-based retail.
There is a growing recognition among institutional investors of the resilience demonstrated by essential retail properties, especially those serving high-income communities, according to Brian Wallick, a senior director and portfolio manager at Nuveen. He also pointed to increased interest from lenders, which has helped the fund achieve scale and maximize risk-adjusted returns.
This latest capital raise will be deployed into grocery-anchored and necessity-based retail centers in top U.S. neighborhoods, further expanding Nuveen’s $8 billion retail platform. The company’s national portfolio now represents $16 billion in gross value and includes some of the most prominent retail assets in the country.