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James Martha, head of US housing at Nuveen James Martha, head of US housing at Nuveen

NEW YORK CITY—One of the world’s largest investment managers with $125 billion AUM, Nuveen Real Estate, on Tuesday announced the launch of an open-end perpetual life real estate fund focused on acquiring and managing institutional quality multifamily rental properties across the US. The US Cities Multifund is anchored by a $450 million capital commitment and seed portfolio from a third party, unnamed investor and a $100 million co-investment from Nuveen’s parent company, TIAA.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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