UP Minneapolis Industrial Portfolio
Legal trust name Nuveen Real Estate Exchange I DST
Offering size$58.7M
Asset typeIndustrial
LocationBrooklyn Park, MN
FinancingNot disclosed
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitYes
First filedJul 8, 2025
Last filedJul 8, 2025
Minimum$250k
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 Private Placement Memorandum before investing.
UP Minneapolis Industrial Portfolio is the real estate held by Nuveen Real Estate Exchange I DST (NREX I), a $58.7 million Delaware Statutory Trust sponsored by Nuveen Real Estate Exchange LLC and the first offering on Nuveen's NREX 1031 exchange platform. The portfolio comprises three Class A light industrial buildings totaling roughly 405,756 square feet across two Minneapolis submarkets, in Brooklyn Park and Burnsville, Minnesota. Nuveen announced the trust's closing on July 8, 2026, reporting the portfolio fully leased to five tenants with a weighted-average lease term of about four years. The structure includes a Section 721 exit feature.
100% occupied; $46.2M of $58.7M raised at 3/31/26; master lease gtd by GCREIT OP; UPREIT FMV option into GCREIT
3 buildings, ~406k SFBased on issuer-filed Form D notices through Jul 8, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount2.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$1,068,650
Remaining amount reported in latest Form D$57,641,027
Investor count reported in latest Form D2
Stated minimum investment$250,000
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First filedJul 8, 2025
Latest filingJul 8, 2025
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Portfolio and structure
UP Minneapolis Industrial Portfolio is the real estate underlying Nuveen Real Estate Exchange I DST (NREX I), a $58.7 million Delaware Statutory Trust. It consists of three recently built Class A light industrial buildings totaling roughly 405,756 square feet on about 28.33 acres, split across two Minneapolis submarkets 1. The addresses are two 610 Junction buildings at 8800 and 8801 95th Ave N in Brooklyn Park and the 35 South Business Center at 1750 126th St W in Burnsville, Minnesota 5. The offering carries a Section 721 exit feature 5.
Platform context
Nuveen launched the Nuveen Real Estate Exchange (NREX) Delaware Statutory Trust 1031 exchange platform on May 29, 2025, sponsored by Nuveen Real Estate Exchange LLC. NREX I is the platform's first offering 4.
Offering and closing
An issuer Form D dated July 8, 2025 reported a total offering amount of $58,709,677, with $1,068,650 sold as of that filing date 3. Nuveen subsequently announced the closing of NREX I on July 8, 2026, describing the portfolio as fully leased to five tenants with a weighted-average lease term of approximately four years 1.
Acquisition history
The three buildings were constructed in 2021–2022 and acquired in June 2022. At that acquisition, the portfolio was 77% leased to four tenants spanning food and beverage services, technology and fiber optics, furniture assembly and distribution, and storage, with a 6.7-year weighted-average lease term remaining 2.
In the news
Frequently asked questions
Is UP Minneapolis Industrial Portfolio currently active?
UP Minneapolis Industrial Portfolio is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for UP Minneapolis Industrial Portfolio?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.