TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA 4

What Happened

• Teachers Insurance & Annuity Association of America (TIAA), reported as a 10% owner (indirectly via TIAA GCREIT Holdings LLC), disposed of 427,715.997 shares of Nuveen Global Cities REIT, Inc. The transaction is reported as a sale (S) for a total of $5,000,000 at $11.69 per share.
• According to the filing footnotes, the Holder submitted the shares for repurchase by the issuer (per pre-agreed repurchase rights) and the repurchase price equals the net asset value per share as of March 31, 2026.

Key Details

• Transaction date: May 4, 2026 (submission for repurchase noted April 30, 2026)
• Price per share: $11.69; Shares disposed: 427,715.997; Total value: $5,000,000
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes: F1 — shares submitted for repurchase by the Holder; F2 — price equals NAV per share as of 3/31/2026; F3 — shares held indirectly by TIAA and directly by its wholly‑owned subsidiary TIAA GCREIT Holdings, LLC
• Filing date: May 6, 2026 — appears to have been filed within the typical Form 4 reporting window

Context

• This was an institutional disposition via a contractual repurchase right between the issuer and the holder, not a typical open-market sell by an individual executive. For retail investors, note that such repurchases reflect contractual liquidity arrangements and the per-share price was tied to the fund’s NAV rather than a market sale price. This filing does not provide reasons for the repurchase and does not necessarily signal management sentiment.