Sponsor-reported, from SEC filings and cited sources.
Chapter 1
What the record shows
Nuveen sponsors Delaware statutory trust offerings through Nuveen Real Estate Exchange (NREX), a platform whose launch Nuveen announced on May 29, 2025, and whose DST interests are intended as Internal Revenue Code Section 1031 replacement property for accredited investors. Nuveen reported that Nuveen Real Estate Exchange I DST closed on July 8, 2026 as a $58.7 million trust holding three recently built Class A light-industrial buildings in two Minneapolis submarkets, fully leased to five tenants with an approximately four-year weighted average lease term. Nuveen identifies TIAA as its parent company, following TIAA-CREF's acquisition of Nuveen Investments, which closed on October 1, 2014.
Sponsor-stated figures are as reported by the sponsor.Evidence 1234
Chapter 2
Raising money now
Classified active by Top1031 from the SEC filings. That does not confirm an offering is still available to buy.
Too new to showAmount sold: too new to show. The first SEC filing for this offering was made in the past 30 days.
Just launched
Industrial
three recently built, Class A, light industrial buildingsIndustrial·Minneapolis, MNSEC filing, Jul 8, 2025
$58.7M
2%
Sold out
Chapter 3
Programs on the record
A Program is the filing-level offering record associated with this sponsor. Published-result figures are shown only with sponsor attribution and adjacent sources.
Nuveen Real Estate Exchange (NREX) is Nuveen's Delaware statutory trust platform, offering DST interests intended to serve as Internal Revenue Code Section 1031 replacement property and limited to accredited investors 1. Nuveen announced the launch of the 1031 Real Estate Exchange platform on May 29, 2025 2. Nuveen describes the structure as an exchange of eligible real estate for DST interests under Section 1031, with a potential later contribution under Section 721 and a conditional fair-market-value option for operating partnership units that is typically exercisable only after all DST holders have held their interests for at least two years and that may not be exercised 1.
Nuveen Real Estate Exchange I DST
Nuveen reported that it closed Nuveen Real Estate Exchange I DST (NREX I), a $58.7 million Delaware statutory trust, on July 8, 2026 3. The NREX I portfolio was described as three recently built, Class A light-industrial buildings in two Minneapolis submarkets, fully leased to five tenants with an approximately four-year weighted average lease term 3.
TIAA ownership
TIAA-CREF announced a purchase agreement to acquire Nuveen Investments on April 14, 2014 and closed the transaction on October 1, 2014, after which Nuveen Investments became an indirect subsidiary; Nuveen identifies TIAA as its parent company 4.
Nuveen's $58.7M NREX I DST: The Real Deal BreakdownTrade-press analysis of Nuveen's NREX I DST closing, covering the three Minneapolis light-industrial buildings (405,756 sq ft on 28.33 acres, five tenants, ~4-year WALT) and the GCREIT/UPREIT optionality.
Nuveen Closes NREX I Delaware Statutory TrustNuveen announced the closing of the separate $58.7 million NREX I DST, backed by three Class A light-industrial buildings in two Minneapolis submarkets.
Nuveen Launches 1031 Real Estate Exchange PlatformNuveen announced a 1031 UPREIT program that lets investors convert qualifying property-sale proceeds into a DST interest that may be exchanged for Nuveen Global Cities REIT operating-partnership units.
