TH Realty Entering Non-Traded REIT Market

Nuveen Global Cities REIT Looking to Raise Approximately $5 Billion, Makes First Two Property Investments in the United States


844 N 47th Ave. in the Papago Industrial Park in Phoenix was Nuveen Global Cities REIT’s second purchase.

TH Realty is joining the growing list of worldwide investment organizations and cash supervisors jumping into the non-traded REIT sector.

London-based TH Real Estate, an affiliate of New York-based Nuveen LLC with $107 billion of real estate possessions under management, is ranked as the fourth-largest realty investment supervisor by the National Council of Real Estate Financial Investment Fiduciaries (NCREIF).

Nuveen submitted a registration declaration for a proposed initial public offering of Nuveen Global Cities REIT seeking to raise as much as $5 billion.

Inning accordance with the registration declaration, Nuveen Global Cities REIT means to invest mostly in supported, income-oriented industrial property situated in and around major cities in the U.S., Canada, Europe and the Asia-Pacific region. It plans to focus roughly 60% of its portfolio in the U.S. with about 40% of its financial investments outside the United States

Amongst its objectives is to bring TH Property’s property investment platform with an institutional fee structure to the public, non-listed REIT industry.

The REIT has already made its first two acquisitions. Recently, it got a commercial warehouse/distribution building totaling 264,981 square feet within the Papago industrial park in Phoenix. And earlier this month, it got Kirkland Crossing Apartments a 266-unit complex in Aurora, IL, for $54.1 million.

The recent arrival of institutional financial investment firms such as Blackstone, Starwood Capital Group and Cantor Fitzgerald is reviving the outlook for the non-traded REIT sector.

Non-traded REIT fundraising is expected to end 2017 at $4.2 billion, almost 79% lower than the $19.6 billion raised throughout the sector’s 2013 peak, inning accordance with speaking with company Robert A. Stanger & & Co. Nevertheless, Stanger is forecasting a more-than 33% boost in fundraising in 2018 to $5.6 billion, mostly due to the variety of major institutional financiers going into the sector.

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