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Nuveen expands fundraising capabilities with launch of tax-advantaged exchange program

Firm’s REIT to offer 1031 investors up to $3 billion in portfolio shares
Nuveen Global Cities Real Estate Investment Trust acquired a Salt Lake City-area warehouse and distribution center in March. (CoStar)
Nuveen Global Cities Real Estate Investment Trust acquired a Salt Lake City-area warehouse and distribution center in March. (CoStar)

With global commercial property prices believed to be stabilizing, Nuveen, the investment manager of TIAA, has launched a new program through its Nuveen Global Cities Real Estate Investment Trust to boost fundraising capabilities.

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