trending Market Intelligence /marketintelligence/en/news-insights/trending/xulhwytt5uq_8ribe3vyaq2 content esgSubNav
In This List

SEC clears Nuveen Global Cities REIT's best-efforts offering

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


SEC clears Nuveen Global Cities REIT's best-efforts offering

Nuveen Global Cities REIT Inc. said the SEC has declared its best-efforts offering effective.

The offering comprises a primary offering of up to $4.00 billion of class T, S, D and I shares of the company's common stock and up to $1.00 billion of shares under its distribution reinvestment plan. The initial per-share price was set at $10.10, plus applicable upfront selling commissions and manager fees.

The newly formed commercial real estate company will seek to qualify as a real estate investment trust. It will invest in properties with long-term structural performance and attractive stable distribution yield in leading cities across the U.S., Canada, Europe and the Asia-Pacific region.

The company is externally advised by its affiliate, TH Real Estate Global Cities Advisors LLC, an affiliate of TH Real Estate. It is sponsored by Nuveen LLC, the asset management arm of Teachers Insurance & Annuity Association of America.

Nuveen Securities LLC is the dealer manager for the offering.