Nuveen Real Estate Launches Global Impact Investing Sector Focused on Community Revitalization, Resident Well-Being | Ezine Daddy

opportunity for support $15 billion in assets by 2026

New impact investing framework to address critical real estate sustainability concerns related to inequality and climate change, with the potential to generate attractive returns

NEW YORK, May 10, 2022 /PRNewswire/ — Nuveen Real Estate today announced the launch of a comprehensive global impact investing sector that will focus on building the vitality and sustainability of entire communities by enriching the lives of their residents. Nadir settlements will serve as Global Head of Impact Investing and Pamela West as Senior Portfolio Manager, Impact Investing. Nuveen Real Estate is one of the world’s largest real estate investment managers with more than $152 billion of the managed assets.

Nuveen logo (PRNewsfoto/Nuveen)

Nuveen logo (PRNewsfoto/Nuveen)

Building on Nuveen’s proven 50-year track record of impact investing, the new global real estate sector will offer strategies that address some of America’s most pressing social and environmental challenges. Europeand the Asia Pacific Region (APAC) and supports growth targets of up to 15 billion dollars in real estate AUM by 2026.

Specifically, the mandate aims to improve communities by providing supportive services, improving residents’ quality of life and financial outcomes, and ensuring affordable, sustainable and climate-resilient housing, while supporting Nuveen Real Estate’s commitment to building its global real estate portfolio to net-zero CO2 by 2040.

“Nuveen is a pioneer in impact investing and we are competitively positioned to deliver a market-leading sector globally and at scale,” he said Chris McGibbon, Global Head of Real Estate at Nuveen. “Under the leadership of Nadir and Pamela, I am confident that this emerging sector will address some of the most pressing local real estate challenges around the world while providing a path for investors to make a significant impact through their equity investments. I look forward to working with an experienced team of professionals to build on Nuveen’s incredible work in the industry.”

Expansion of affordable housing while at the same time renewing communities

The new Real Estate Impact Sector will invest in early-stage projects and take an impact-driven approach to increase the supply of social and affordable housing by targeting low-income and disadvantaged populations while also targeting regeneration projects in healthcare, education and transportation services.

“By leveraging Nuveen Real Estate’s industry expertise, we are going beyond affordable housing and turning our attention to community revitalization,” he said Nadir settlements, Global Head of Impact Investing at Nuveen Real Estate. “We see an immediate opportunity to scale our strategy and leverage our industry leadership position to promote tenant well-being and create a more sustainable future. I am honored to have been chosen to lead such an important sector.”

Nadir settlements will report directly Carly TrippGlobal Chief Investment Officer and Head of Investments at Nuveen Real Estate, and leads an international team in the US, Europe and APAC in identifying and tracking relevant real estate investments while growing the overall sector. Settles will continue to lead investments as head of the New York office.

Pamela West brings 25 years of industry experience, nearly a decade of which has been dedicated to allocating capital to affordable housing strategies and addressing social and environmental issues. She will continue to oversee the framework’s strategy, portfolio construction and client relationships. West reports to Shawn ReadChief Investment Officer and Head of Funds Management, Americas at Nuveen Real Estate.

Building on established impact record

The global real estate impact investing sector builds on Nuveen’s overall impact efforts. Last month, the company expanded its range of impact investing strategies Europe with the launch of the German Living Impact platform, led by portfolio manager Tanja Volksheimer, to achieve social and environmental impact through affordable housing. The news also follows the final closing of the company’s first global private equity impact platform, which targets investments that drive energy efficiency and the expansion of services for underserved communities.

Nuveen made its first investment in Impact in the 1980’s and has more than invested since then 500 million dollars in direct and indirect private equity investments in over 200 portfolio companies in line with the United Nations Sustainable Development Goals. Today, Nuveen manages over $5.8 billion in all of its public and private markets influence investment strategies.

“We took a very conscious approach to combining our core competency in real estate with community impact,” said Ms. West. “Our portfolio is designed to bring about change by placing environmental and social impact at the heart of our investment strategy, ultimately leading to better outcomes for local residents and inclusive communities while delivering a healthy financial return.”

The new impact investing sector will complement Nuveen Real Estate’s existing industry expertise, including retail, office, residential, industrial, alternatives and debt.

New real estate
nuveen Real Estate is one of the largest investment managers in the world with $152 billion of assets under management as of December 31, 2021.

By managing a range of funds and mandates for both public and private investments, and both debt and equity, across different geographies and investment styles, we offer access to all aspects of real estate investing.

With over 85 years of experience in real estate investments and more than 725 employees* in 30 cities The United States, Europe and Asia Pacificthe platform offers an unparalleled geographic reach coupled with deep industry expertise.

For more information, please visit us at nuveen.com/realestate

*Includes 345 real estate investment professionals supported by an additional 385 Nuveen employees.
Source: Nuveen, December 31, 2021.

Responsible investing involves environmental social governance (ESG) factors that affect exposure to issuers, sectors and industries and may limit the type and number of investment opportunities available, which could result in investments that are performing well being excluded.

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Contact:
nuveen
Vanessa Sussmann
917-405-1897
vanessa.sussman@nuveen.com

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