# Nuveen Closes NREX I Delaware Statutory Trust

Canonical page: https://sequoia-research.com/news/nuveen-closes-nrex-i-delaware-statutory-trust-c1c6d11a

Author: Sequoia Research
Published: 2026-10-18T01:22:59.123Z
Updated: 2026-10-19T02:26:04.481Z
Original source: [Eastern Progress](https://www.easternprogress.com/nuveen-closes-nrex-i-delaware-statutory-trust/article_9991c714-5e99-538f-ae00-33dd6c1a9ad8.html)
Source published: 2026-09-22T07:00:00.000Z
Type: Press release
Topics: DSTs

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.

[Read the original](https://www.easternprogress.com/nuveen-closes-nrex-i-delaware-statutory-trust/article_9991c714-5e99-538f-ae00-33dd6c1a9ad8.html)

## Research considerations

DST coverage can involve new offerings, acquisitions, financing, sponsor developments, or exits. When considering an offering, the property portfolio, sponsor experience, capital structure, fees, and exit assumptions deserve a closer review alongside the announcement.

- Does the announcement concern a specific offering, the sponsor, or the broader DST market?
- What do the current offering documents say about the properties, debt, fees, risks, and exit assumptions?

This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

## About Sequoia Research

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