Nuveen acquires a Japanese multifamily portfolio

Nuveen, a property investment manager, has gone through its Asia Pacific Cities Fund to purchase a multifamily portfolio in Japan.

According to an IPE report, the multifamily portfolio comprises ten residential properties with more than 600 individual units located across Tokyo and Osaka, adding to the firm’s growing property assets in the country.

DealStreetAsia has reached out to Nuveen Real Estate via email and will update this article upon receiving responses.

Nuveen’s Asia Pacific Cities Fund focuses on 17 principal and progressive cities across the region, including Tokyo, Sydney, Brisbane, Singapore, and Seoul. The fund largely invests in office, retail, industrial, and residential assets.

The platform forms part of the firm’s global resilient series, which focuses on investing in high-quality assets in leading cities that are well-positioned in terms of long-term structural trends and possibly deliver attractive, risk-adjusted returns to investors.

In December, Nuveen Real Estate was reported to have raised more than $420 million for the Asia Pacific Cities platform from eight European investors, and another $60 million for its China Outlet Mall Fund.

Read more here