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TH Real Estate Completes Fundraising for US Strategic Industrial Fund I, Raising $330 Million from InvestorsTH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), closed the TH Real Estate U.S. Strategic Industrial Fund I LP ("the Fund") with a total capital raise exceeding $330,000,000. Including leverage, the equity commitments will allow the Fund to target a portfolio of approximately $1 billion. The Fund seeks to selectively acquire and develop bulk and light industrial assets in major U.S. industrial markets including last mile locations that serve as a cornerstone of e-commerce supply chains. The Fund focuses on well-located properties in these top industrial markets that can be repositioned to generate higher occupancies and rent, as well as re-development opportunities and traditional warehouse and logistics facilities. "While the traditional port-driven warehouse markets continue to grow at a consistent pace, online commerce is accelerating demand for state-of-the-art facilities that can facilitate same-day and one-hour deliveries in major metropolitan areas across the U.S.," said Brad Simpkins, portfolio manager of the US Strategic Industrial Fund. "A supply shortfall in these facilities coupled with healthy economic growth has generated significant pent-up demand for these industrial properties." TH Real Estate has been investing in the industrial sector since 1953 and currently manages approximately $11.2 billion of industrial properties globally. The firm's US industrial holdings total $8.8 billion across equity and debt investments, covering 998 properties. "Investor interest in this asset class remains strong, reflecting the opportunities created by a growing economy and a supply shortage that keeps vacancy rates low and rents high," added Graydon Bouchillon, Head of US Industrial for TH Real Estate. "The Fund attracted a wide range of interest from sophisticated institutional investors, individuals and financial advisors, reflecting broad-based interested in our diversified investment strategy."
According to TH Real Estate's THINK US Cities: 2019 Outlook, the firm forecasts that rent growth in the broad industrial sector will continue to outperform other sectors in 2019 as supply will remain constrained, especially for light industrial properties in urban areas that are benefiting from e-commerce activity. About TH Real Estate TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), is one of the largest real estate investment managers in the world with $114bn in AUM. We provide access to every aspect of real estate investing. With over 80 years of investing experience, and more than 530 real estate professionals located across 22 cities throughout the US, Europe and Asia-Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise. Our investment, asset management and corporate strategies grow from a deep understanding of the structural trends that we believe will shape the future of real estate and responsible investing beyond market cycles. This 'Tomorrow's World' approach sits at the core of our investment process and business operations, informing our long-term view of real estate investments for the enduring benefit of both clients and society. Notes to Editors This press release is intended for trade press only. Please do not redistribute. TH Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). TH Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisors, LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, member FINRA. Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. Please note real estate investments are subject to various risks, including fluctuations in property values, higher expenses or lower income than expected, and potential environmental problems and liability This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors. 686952-INAD/O-1219
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