Nuveen Global Cities REIT Inc., a publicly registered non-traded real estate investment trust, has declared a monthly net asset value per share for its classes of common stock, as of March 15, 2024.
The transaction price for each class for subscriptions accepted as of April 1, 2024 (and repurchases as of March 31, 2024) is as follows:
Class T shares had a NAV per share of $11.90, compared to $11.93 the previous month, a decrease of 0.25%.
Class S shares had a NAV per share of $11.76, compared to $11.80 the previous month, a
decrease of 0.34%.
Class D shares had a NAV per share of $11.92, compared to $11.96 the previous month, a
decrease of 0.33%.
Class I shares had a NAV per share of $11.88, compared to $11.92 the previous month, a
decrease of 0.34%.
Class N shares had a NAV per share of $12.36, compared to $12.39 the previous month, a
decrease of 0.24%.
Shares were originally priced at $10.00 each, plus applicable selling commissions and fees.
The REIT had 179.02 million shares outstanding at the end of February 2024.
Nuveen Global Cities REIT launched its initial offering in January 2018 and raised $394.4
million in investor equity before closing in July 2021. Its $5 billion follow-on offering has raised $1.96 billion, as of the end of February. Nuveen had an aggregate NAV of $2.14 billion as of Feb. 29, 2024.
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