Top1031

Three recently built, Class A, light industrial buildings

Industrial property in Minneapolis, Brooklyn Park, and Burnsville, MN · sponsored by Nuveen

HistoricalLast Form D filed Jul 8, 2025 (opens in a new tab)

Three recently built, Class A, light industrial buildings was a DST sponsored by Nuveen that owned 3 industrial buildings in Minneapolis, Brooklyn Park, and Burnsville, MN. Its last Form D was filed Jul 8, 2025.

How it ended

No outcome recorded · under 7 years

The record lists the offering as fully subscribed; the last Form D was filed Jul 8, 2025.

Nuveen has 1 active offering on record →

Key facts

Minimum investment
$250,000
From the Form D
Offering size
$58,709,677
Equity offered, per the Form D
Sold
1.8%
Form D, Jul 8, 2025; the % is our arithmetic
Investors reported
2
Form D, Jul 8, 2025
Selling commissions
$3,522,581 · 6.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
How it is financed ↓
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

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Ask a 1031 specialist about this recordFree. About: Three recently built, Class A, light industrial buildings. Top1031 is not a broker-dealer.

What did the Trust own?

Nuveen describes the real estate as three recently built, Class A light-industrial buildings across two Minneapolis-area submarkets. 1 Nuveen Global Cities REIT dates its acquisition of the matching UP Minneapolis portfolio to June 2022, three years before this Trust's first sale of interests. 2 The REIT listed those UP Minneapolis Industrial properties within its DST program as of March 31, 2026. 3 The offering documents carry the Trust's own price and title date.

Property address
8800 95th Ave N (610 Junction Bldg 1), MN
Property size
3 buildings; 405,756 square feet; 28.33 acres

How was it financed, and what did it cost to sell?

Neither the Form D on record nor Nuveen's closing release states property-level mortgage debt or names a lender, so this record does not establish whether the buildings carry a loan. The offering documents and the closing statement control.

Debt

Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
May convert to a REIT (721)
Yes

Costs and terms from the Form D

Selling commissions
$3,522,581 · 6.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$587,097 · 1.0% of offering
Form D Item 16
· The filing’s note: “Estimate of Expense Reimbursement that may accrue to one or more related persons”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms
  • Nuveen Securities, LLC · CRD 469

Individual representatives named in Item 12 are not listed.

Date of first sale
Jun 26, 2025
Minimum investment
$250,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

What does the SEC record show?

Legal Trust name
Nuveen Real Estate Exchange I DST
SEC CIK
2076127
First Form D
Jul 8, 2025
Latest Form D
Jul 8, 2025
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$58,709,677
$1,068,650
2
EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Common questions

What happened to Three recently built, Class A, light industrial buildings?
Three recently built, Class A, light industrial buildings is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Jul 8, 2025.
Does Three recently built, Class A, light industrial buildings have a 721 UPREIT exit?
The record lists a possible 721 exit for Three recently built, Class A, light industrial buildings. The offering documents set whether and when it could happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
How a DST-to-721 UPREIT exit works
Where are the properties?
In the Minneapolis metro. Nuveen's closing release places three recently built Class A light-industrial buildings in two Minneapolis-area submarkets. The addresses carried on this record are two 610 Junction buildings on 95th Avenue North in Minneapolis and Brooklyn Park, plus the 35 South Business Center in Burnsville; those street addresses are not confirmed by a primary trust-to-property record in the research reviewed, so the offering documents' property exhibits are where a buyer pins them down.
How long has Nuveen owned these buildings?
Nuveen Global Cities REIT's own property page dates its acquisition of the UP Minneapolis portfolio — three Class A light-industrial properties matching this record's size — to June 2022, and the REIT's quarterly filing listed the UP Minneapolis Industrial properties in its DST program as of March 31, 2026. That is the parent REIT's ownership history; no reviewed filing states what this Trust paid or the date it took title.
Who are the tenants?
Nuveen reported the portfolio fully leased to five tenants at the July 8, 2026 close, with a weighted average lease term of approximately four years. No filing or sponsor release reviewed names the individual tenants, their rents, or their lease expiration dates. The offering documents and the rent roll are where a buyer confirms the roster.
What does the master lease structure mean for me?
The Trust does not collect from the occupying tenants directly. The properties are master-leased, and Nuveen Global Cities REIT's operating partnership guarantees that master lease, so investor distributions depend on the master tenant and its guarantor rather than solely on payments from the five underlying tenants.

In the news

Nuveen Closes NREX I Delaware Statutory TrustNuveen announced the successful closing of Nuveen Real Estate Exchange I DST (NREX I), a $58.7 million Delaware Statutory Trust consisting of three recently built, Class A light industrial buildings strategically located in two Minneapolis submarkets and fully leased to five tenants for a weighted average lease term of approximately four years; the trust was sponsored by Nuveen Real Estate Exchange LLC, a subsidiary of Nuveen Global Cities REIT, Inc. (GCREIT).
Nuveen (via PR Newswire) ↗also: Yahoo Finance (syndicated from PR Newswire) ↗

Sources

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These links support the record as a whole; individual details may come from different sources.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.