“Our goal is to thoughtfully enhance them through strategic operations, sharp merchandising, and a more intentional connection to the communities they serve.

“Our approach reflects a deep commitment to institutional-level execution, with a focus on long-term value creation and enhancing the community-serving nature of these centers.”

Several of the assets will undergo property improvements, including upgrades to common areas, building enhancements and addressing deferred maintenance.

“These enhancements are designed to elevate the customer experience, support leasing and protect the long-term asset value,” McGinley said.

In its property management, each center will receive Vestar’s hands-on, locally embedded property management model, which emphasizes proactive operations, an elevated customer experience and strong tenant relationships.

“Our regional teams are empowered to make swift, informed decisions to optimize performance for that particular property,” McGinley said.

The leasing strategy for this portfolio includes direct portfolio-level oversight to ensure alignment with Nuveen’s investment goals, “whether it is locking in terms with key anchors, backfilling spaces with stronger tenants or repositioning the tenant mix to reflect demographic shifts,” McGinley said.

“Our oversight ensures that merchandising decisions are coordinated, forward-looking, and performance-driven.”

For marketing, the Nuveen portfolio will receive a traditional blend of center-level programming, complemented by data-informed digital strategies, to increase foot traffic and retailer engagement.

“We’re targeting both core grocery shoppers and the broader trade area via an enhanced digital and social media presence,” McGinley added.