Nuveen Expands Credit Capacity to $665M

The new agreement bolsters Nuveen Global Cities REIT’s financing flexibility and extends loan maturities to 2028.

October 02, 2025

Expanded credit structure supports long-term strategy

Nuveen Global Cities REIT has locked in a major credit expansion, raising its total financing capacity to $665 million through a newly updated agreement signed on September 26. This move builds on the company’s previous $455 million arrangement, strengthening its ability to access capital as market opportunities arise.

Here’s how it breaks down: the new structure includes a $440 million revolving credit facility and a $225 million term loan. Both come with built-in flexibility—Nuveen has the option to extend each for up to two additional years, provided a small 0.125% extension fee is paid on the applicable loan commitment. That brings the potential maturity date all the way out to 2030, giving the REIT a longer runway to manage its financing strategy.

The agreement also preserves a $135 million accordion feature, which can increase total commitments to as much as $800 million. That kind of capacity gives Nuveen breathing room to scale its funding in line with portfolio needs.

Flexible interest structure tied to leverage

Rates on the new facilities are tied to the borrower’s leverage ratio, with optionality between an adjusted base rate and SOFR. The agreement gives Nuveen control over its borrowing approach, depending on market conditions and internal metrics.