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NEW YORK—Nuveen Real Estate has raised $660 million to launchits US Cities Industrial Fund, an open-ended vehicle that isacquiring industrial properties in select US markets.
As part of its first close, the fund acquired a $1.3 billionseed portfolio of 45 industrial properties totalling 11.4 millionsquare feet in 12 US logistics markets. No other details wereprovided about this transaction.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
