Nuveen Global Cities REIT Per Share NAV Declines

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 31, 2023.

Class T shares had an NAV per share of $12.42, compared to $12.65 per share the previous month.

Class S shares had an NAV per share of $12.29, compared to $12.51 per share the previous month.

Class D shares had an NAV per share of $12.46, compared to $12.68 per share the previous month.

Class I shares had an NAV per share of $12.41, compared to $12.63 per share the previous month.

Class N shares had an NAV per share of $12.89, compared to $13.11 per share the previous month.

Shares were originally priced at $10.00 each, plus applicable selling commissions and fees.

The REIT had 182.5 million shares outstanding at the end of March.

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 nearly $1.6 billion, as of March 2023. Nuveen had an aggregate NAV of $2.27 billion as of March 31, 2023.

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