Neuberger Berman Real Estate Fund
NREAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York, NY 10158-0006 New York NY United States of America 10158-0006
- IPO Date
- Jun 21, 2010
- CIK
- 0000044402
- Website
- nb.com
- Similar Companies
- Business
- Neuberger Berman Real Estate Fund (NREAX) is an open-end mutual fund that seeks total return through investments in real estate securities, emphasizing both capital appreciation and current income; it normally invests at least 80% of its net assets in equity securities issued by real estate investment trusts (REITs), common stocks and other equity securities of companies principally engaged in the real estate industry, or securities convertible into such securities; the fund maintains a concentrated, high-conviction portfolio with top holdings including American Tower Corp., Welltower Inc., Prologis Inc., Equinix Inc., and AvalonBay Communities Inc., representing approximately 36% of assets in the real estate sector, predominantly U.S. stocks (98.54%) across diversified property types such as telecommunications towers, healthcare facilities, industrial logistics, data centers, multifamily housing, manufactured homes, gaming, diversified net leases, malls, timberland, and free-standing retail. The fund offers multiple share classes including Class A (NREAX, with a 5.75% front-end load and 1.21% net expense ratio), Class C (NRECX), Institutional Class (NBRIX), Class R6 (NRREX), Class R3 (NRERX), and Trust Class (NBRFX), available primarily to U.S. investors with a minimum initial investment of $1,000 for Class A; it is managed by a team led by Steve Shigekawa (since 2005), Brian Jones (since 2008), and Archena Alagappan (since April 2024), employing an integrated analysis of real estate fundamentals and securities valuation. Launched on June 21, 2010, for Class A shares (with earlier inception dates for other classes dating back to 2002), the fund is domiciled in the United States and managed by Neuberger Berman Investment Advisers LLC, with firm headquarters at 1290 Avenue of the Americas, New York, NY. In recent developments, Neuberger Berman announced changes to certain funds' names effective December 2025, though specific impacts on NREAX were not detailed; the firm raised $1.05 billion for a new real estate private equity secondary fund in February 2025 and closed a $2.8 billion co-investment fund in July 2025, bolstering its broader real estate and private markets platform exceeding $140 billion in assets; portfolio managers highlighted positive leasing trends in telecommunications REITs, stable demand in manufactured homes, and selective exposure to net lease and mall operators amid market volatility and interest rate pressures as of October 2025.