PSP Investments, Nuveen Real Estate launch joint venture with $790m in U.S. shopping center investments
Wednesday, October 21, 2026 · first reported by IREI
PSP Investments and Nuveen Real Estate have formed a joint venture with an initial $790 million to buy open-air shopping centers in the United States, focusing on centers anchored by grocers, necessity-based retailers and essential services in fast-growing metropolitan areas.
The venture has so far closed on 19 properties, about 3 million square feet, in Arizona, California, Colorado, Florida, Minnesota, Texas, Virginia and Washington. Two of the purchases were portfolios: six centers of about 801,000 square feet, and 11 properties of about 1.9 million square feet. Single assets include The Shoppes of Lorton Valley in Virginia and Las Tiendas Village in Arizona.
- Investor
- PSP Investments
- Also named
- Nuveen Real Estate
- Asset class
- Real estate
- Geography
- North America
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