News summary · Press release
Nuveen Closes NREX I Delaware Statutory Trust
In a July 8, 2026 press release carried by Eastern Progress, Nuveen said it had closed NREX I, a $58.7 million Delaware statutory trust. The sponsor, Nuveen Real Estate Exchange LLC, is a subsidiary of Nuveen Global Cities REIT, a nonlisted REIT.
Nuveen described a portfolio of three Class A light-industrial buildings across two Minneapolis submarkets, totaling 405,756 square feet on 28.33 acres. At the time of the announcement, the properties were fully leased to five tenants, with a weighted average lease term of roughly four years. The structure allows property owners to exchange appreciated real estate for interests in the portfolio.
Press release: statements in the original item come from the issuing organization and may be promotional.
Read the original at Eastern ProgressResearch considerations
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