Neuberger Berman Real Estate Fund
NRREX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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
- Mar 15, 2013
- CIK
- 0000044402
- Website
- nb.com
- Similar Companies
- Business
- Neuberger Berman Real Estate Fund (NRREX) 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 of real estate investment trusts (REITs) and other real estate-related companies, including up to 20% in debt securities of such issuers; the fund maintains a high-conviction, concentrated portfolio focused across diverse U.S. property types such as cell towers, healthcare facilities, data centers, industrial logistics, and residential communities, with top holdings including American Tower Corp., Welltower Inc., Equinix Inc., Prologis Inc., and AvalonBay Communities Inc. The fund operates primarily in the United States, with nearly all assets (98.52%) allocated to U.S. stocks in the real estate sector. Launched on March 15, 2013, as the R6 share class, the fund is managed by Neuberger Berman Investment Advisers LLC and is domiciled in the United States, with administrative operations in Wilmington, Delaware, and headquarters tied to Neuberger Berman's principal office at 1290 Avenue of the Americas, New York, New York. The strategy employs an integrated investment process combining real estate fundamentals and securities analysis, led by a portfolio management team with long-term collaboration since 2003; current managers include Steve Shigekawa (since December 31, 2005), Brian Jones (since October 24, 2008), and Archena Alagappan (since April 1, 2024). Recent developments include the addition of Archena Alagappan as a co-manager in April 2024, enhancing the team's expertise amid a focus on quality REITs with low leverage, strong fundamentals, and favorable positioning in yield-focused assets as valuations normalize. The fund, part of Neuberger Berman's broader real estate offerings, benefits from the firm's employee-owned structure and global platform managing over $558 billion in assets, though NRREX targets U.S. institutional and individual investors seeking real estate exposure with a net expense ratio of 0.75% and total net assets of approximately $692 million. No major acquisitions, funding rounds, or strategic alliances specific to NRREX were reported in the last 1-2 years, with emphasis remaining on active management and sector diversification.