Nuveen

Six Nuveen Closed-End Funds Announce Availability of 19(a) Notices

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Finance, Fund, Calendar, Funding, Nuveen, Policy

The 19(a) distribution notices for six Nuveen closed-end funds are now available.

Key Points: 
  • The 19(a) distribution notices for six Nuveen closed-end funds are now available.
  • These informational notices provide further details on the sources of the funds’ regular quarterly distributions and follows the most recent quarterly distribution announcements.
  • The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates .
  • The following table provides estimates of the Funds’ distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution.

Nuveen Real Estate Awards Cushman & Wakefield New 1.4 MSF Property Management Assignment at One Boston Place and 501 Boylston Street

Retrieved on: 
Tuesday, April 2, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Property, News, Cushman & Wakefield, Nuveen, Property management, Commercial property, Boylston Street

Cushman & Wakefield announced today that the real estate services firm has been awarded a new commercial property management assignment by Nuveen Real Estate for One Boston Place and 501 Boylston Street, totaling 1,415,003 square feet.

Key Points: 
  • Cushman & Wakefield announced today that the real estate services firm has been awarded a new commercial property management assignment by Nuveen Real Estate for One Boston Place and 501 Boylston Street, totaling 1,415,003 square feet.
  • As part of the transition, Cushman & Wakefield has hired 16 incumbent professionals from the One Boston Place and 501 Boylston Street management teams.
  • Cushman & Wakefield’s Bruce Clifford and James Russell will lead the Property Management teams at Nuveen’s properties.
  • Cushman & Wakefield is ranked as the #2 Property Management firm in the country with more than 5 billion square feet under management in the United States, according to the latest annual ranking from Commercial Property Executive , a real estate news source.

Quarterra Multifamily Announces the Start of Leasing at Emblem Conyers Apartments

Retrieved on: 
Tuesday, April 2, 2024
Chicken fingers, Target, Earl, Tropical Smoothie Cafe, Internet of things, Georgia State Route 20, Partnership, Sushi, School, Stainless steel, Vireo, Interstate 20, Housing, System, Starbucks, Atlanta, Nuveen, Interstate Highway System

CONYERS, Ga., April 2, 2024 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in partnership with Nuveen, today announced the start of leasing at Emblem Conyers, Quarterra's latest community in the Atlanta market.

Key Points: 
  • CONYERS, Ga., April 2, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in partnership with Nuveen, today announced the start of leasing at Emblem Conyers , Quarterra's latest community in the Atlanta market.
  • Emblem communities were created by Quarterra to help address the nationwide shortage of attainable housing available to middle-income renters.
  • "Emblem Conyers offers an elevated living experience in an incredibly enviable location," said Doug Bober, Emblem Communities Division President for Quarterra.
  • Emblem Conyers is the fourth Quarterra community in the Atlanta area, joining Emblem Riverside , Gentry , and Vireo .

New Solution from TIAA and Empower for DC plans Makes Guaranteed Lifetime Income Available to Millions More Americans

Retrieved on: 
Thursday, March 21, 2024
Growth, TIAA, Empower, CITS-DT, Retirement, Business development, Life, Workforce, Nuveen, Life insurance

GREENWOOD VILLAGE, Colo. and NEW YORK, March 21, 2024 /PRNewswire/ -- The TIAA Secure Income Account (SIA), TIAA's guaranteed lifetime income solution, will be available to Empower's defined contribution (DC) plans. At a time when Americans currently face a projected $4 trillion retirement income gap, the agreement between Empower and TIAA can help more Americans build retirement security through in-plan lifetime income.i

Key Points: 
  • SIA leverages Nuveen's distribution strength and its expertise as the investment manager of the TIAA General Account, which backs the SIA income guarantee.
  • "Together with Empower, we are helping employers directly and easily address America's retirement challenge by making guaranteed lifetime income a reality for more people," said Brendan McCarthy, Head of Retirement Investing at Nuveen, TIAA's asset manager.
  • According to TIAA's 2022 Retirement Insights Survey, more than one-third of employers think their plans fall short in securing guaranteed lifetime income – and 70% agree that their DC plan should include lifetime income options.
  • It is one of only three U.S. insurers to hold the highest possible ratings from three of the four leading ratings agencies.

Equity Angels Partners with Blueprint to Spotlight Emerging Startups at Global Industry Gathering

Retrieved on: 
Monday, March 18, 2024
Venetian, Blueprint, CoreLogic, Research, Innovation, Growth, Nuveen, Financial services

BELLEVUE, Wash., March 18, 2024 /PRNewswire/ -- Equity Angels — a social impact organization dedicated to advancing diversity for success in technology startups — announces a strategic alliance with Blueprint, the real estate industry's largest global gathering of industry innovators and investors, leading the charge in changing the built world, from construction to transaction.

Key Points: 
  • BELLEVUE, Wash., March 18, 2024 /PRNewswire/ -- Equity Angels — a social impact organization dedicated to advancing diversity for success in technology startups — announces a strategic alliance with Blueprint , the real estate industry's largest global gathering of industry innovators and investors, leading the charge in changing the built world, from construction to transaction.
  • "Blueprint is all about new ideas, innovation and connections, which is why we are thrilled to welcome the emerging startups coming through the Equity Angels program," stated Martin Kelly, President of Blueprint. "
  • Thousands of investors, founders and executives gather at Blueprint Vegas and the attendance has increased exponentially within just three years, demonstrating the growth of this sector.
  • "Our goal is to help startup founders be at the right place and right time, with the right people.

Nuveen Bolsters Active ETF Lineup

Retrieved on: 
Wednesday, March 6, 2024
Risk, Nuveen, TIAA, ETF, Security (finance)

Also launching today is the Nuveen Sustainable Core ETF, an actively managed equity strategy, seeking attractive long-term returns by allocating across investment styles and risk characteristics based on market conditions.

Key Points: 
  • Also launching today is the Nuveen Sustainable Core ETF, an actively managed equity strategy, seeking attractive long-term returns by allocating across investment styles and risk characteristics based on market conditions.
  • "Active ETFs are a growing area of the market, accounting for over 20% of ETF net flows in 2023," said William Huffman, Head of Nuveen Equity & Fixed Income and president of Nuveen Asset Management.
  • "We are seeing a shift in the ETF space as investors seek the guidance of active managers to help navigate market uncertainty.
  • By broadening our ETF line-up to further expand access to Nuveen's investment capabilities, we can provide actively managed solutions designed to fit at the core of an investor's portfolio."

TIAA Institute report finds ties between financial stress and mental health

Retrieved on: 
Wednesday, February 28, 2024
Well, Grammatical mood, Anxiety, Mental health, Absenteeism, Retirement, Nuveen, Risk, Employee Benefit Research Institute, Prevalence, World Health Organization, Organization, Mental, TIAA, WHO, Depression, Nursing

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Employers can play an integral role in addressing mental health challenges caused by financial stress by implementing thoughtful, holistic, support services for employees. A new report by the TIAA Institute and High Lantern Group examined the correlation between financial stress and mental health, and how these stressors impact employee engagement at work.

Key Points: 
  • A new report by the TIAA Institute and High Lantern Group examined the correlation between financial stress and mental health, and how these stressors impact employee engagement at work.
  • According to TIAA Institute researchers, financial struggles such as worrying about debt, financial instability or the inability to meet basic needs can trigger stress or reduce resilience against mental health challenges.
  • "The pandemic has heightened awareness about the prevalence of mental health challenges, with rates of poor mental health rising.
  • According to the report , 42% of U.S. adults say that money negatively impacts their mental health, and financial stress has resulted in a 34% increase in absenteeism and tardiness.

Natixis Corporate & Investment Banking strengthens Real Estate & Hospitality Americas practice with new leadership structure and key appointments

Retrieved on: 
Thursday, February 8, 2024
UBS, Nuveen, REH, Mortgage Bankers Association, Chemical Bank, Bank, Growth, CMBS, Business development, Ares Management, Chase Bank, Tate–LaBianca murders, Natixis, Real estate, Head, Irvine Company, Prudential, Investment banking, Bank of America

NEW YORK, Feb. 8, 2024 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) today announced new senior appointments to the firm's Real Estate & Hospitality (REH) Americas team.

Key Points: 
  • NEW YORK, Feb. 8, 2024 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) today announced new senior appointments to the firm's Real Estate & Hospitality (REH) Americas team.
  • Torres' appointment was followed by the appointments of Julie Han as Head of Underwriting and David Schwartz as Head of Portfolio Lending.
  • "We are entering a new era of opportunity regarding our coverage of the real estate sector," said Thierry Bernard, Natixis CIB Global Head of Real Estate & Hospitality.
  • He also led the origination platform for the Real Estate Finance and Mortgage-Backed Securities Group within UBS Investment Bank.

Spearmint Energy Secures $47.5 Million Project Finance Term Loan from Manulife for Battery Energy Storage Project in ERCOT

Retrieved on: 
Tuesday, February 6, 2024
Technology, Batteries, Alternative Energy, Energy, Nuveen, ERCOT, Investment, Day Pitney, United, LLP, Renewable energy

Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced it has successfully closed a $47.5 million project finance term loan from Manulife, a global financial services provider.

Key Points: 
  • Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced it has successfully closed a $47.5 million project finance term loan from Manulife, a global financial services provider.
  • The term loan will support the commercial operation of Revolution, Spearmint’s 150 MW, 300 MWh battery energy storage system (“BESS”) project located in West Texas’ ERCOT power market.
  • Javelin Capital supported Spearmint as financial advisor on the transaction and Paul Hastings LLP served as legal counsel to Spearmint.
  • The Day Pitney team included partner Paul Belval with assistance from Samantha M. Regan, Gemma R. Cashman and Sarah Thompson.

Nuveen Closed-End Funds Declare Distributions

Retrieved on: 
Thursday, February 1, 2024
Banking, Professional Services, Finance, Nuveen, Fund, Policy, Retirement, Table, NAV, Life insurance

Several Nuveen closed-end funds have declared distributions.

Key Points: 
  • Several Nuveen closed-end funds have declared distributions.
  • For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef .
  • These changes are intended to help support secondary market trading in fund shares and improve each fund’s discount to NAV.
  • It is anticipated that to maintain the declared distribution rates, the funds may make distributions from sources other than the current net investment income of the funds.