- Sector
- Real Estate
- Industry
- Real Estate - General
- Address
- 730 Third Ave. New York NY United States of America 10017
- IPO Date
- Sep 30, 2002
- Business
- Nuveen Real Estate Securities Select Fund Retail Class (TCREX) is an actively managed open-end mutual fund that seeks favorable long-term total return through capital appreciation and current income by investing primarily in equity securities of companies principally engaged in or related to the real estate industry, including real estate investment trusts (REITs) focused on apartments, factory outlets, health care, hotels, industrials, mortgages, offices, and shopping centers; it typically allocates at least 80% of assets to such real estate securities, with up to 15% in foreign issuers and up to 20% in non-real estate equity or debt. The fund, formerly known as TIAA-CREF Real Estate Securities Fund Retail Class, follows a research-oriented process emphasizing cash flows and asset values without direct real estate investment, targeting primarily U.S. issuers while serving institutional and retail investors in the real estate sector. Launched on October 1, 2002, and headquartered in Chicago, Illinois, as part of Nuveen, a TIAA subsidiary and one of the world's largest asset managers with approximately $1.3 trillion in assets under management, TCREX maintains total net assets of about $2.7 billion, a net expense ratio of 0.83%, and quarterly distributions.
Recent developments include Nuveen's Real Estate division surpassing its target with a $650 million final close for its U.S. Strategic Debt Fund in December 2025, exceeding the $500 million goal and deploying capital across 19 loans totaling $1.3 billion in commitments focused on transitional multifamily and industrial properties amid tightening lending conditions; additionally, in September 2025, Nuveen Private Capital formed a strategic partnership with Hunter Point Capital and Temasek, involving minority investments and long-term capital commitments to support growth without altering operations. In June 2025, Nuveen acquired Brooklyn Investment Group, a leading custom multi-asset direct indexing provider, to enhance tax-advantaged offerings, advisor efficiency, and integration of alternatives and lifetime income capabilities. These moves reflect Nuveen's ongoing expansion in real estate-related strategies and partnerships, complementing TCREX's core equity securities focus under managers David Copp (since December 2005) and Brendan Lee (since July 2006).