Nuveen Closes $58.7M DST Backed by Minneapolis Industrial Properties
Nuveen has closed Nuveen Real Estate Exchange I, a $58.7 million Delaware Statutory Trust offering backed by three recently built, Class A light industrial properties in Minneapolis. The DST is sponsored by Nuveen Real Estate Exchange, a subsidiary of Nuveen Global Cities REIT, and is designed to give investors a tax-deferred entry point into institutional-quality real estate through a Section 1031 exchange.
The three buildings span 405,756 square feet on 28.33 acres across two Minneapolis submarkets and are fully leased to five tenants with a weighted average lease term of approximately four years. The portfolio was positioned to appeal to investors seeking to defer capital gains from appreciated real estate holdings while gaining exposure to the light industrial sector.
“The light-industrial sector in particular remains an attractive investment opportunity, and we’re proud to help advisors guide their clients toward greater tax efficiency and stronger long-term wealth and estate planning outcomes,” said Jeff Carlin, global head of wealth and retirement advisory services, Nuveen.
Nuveen manages $1.4 trillion in public and private assets as of March 31, 2026.