Investments in Real Estate (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Investments in Real Estate, Net

Investments in Real Estate, Net consisted of the following ($ in thousands):


	June 30, 2025		December 31, 2024
Building and building improvements	$	1,649,642	$	1,607,599
Land and land improvements	354,535		324,514
Furniture, fixtures and equipment	16,737		16,071
Total	2,020,914		1,948,184
Accumulated depreciation	(238,530)		(207,470)
Investments in real estate, net	$	1,782,384	$	1,740,714

Schedule of Asset Acquisition

The following table provides details of the properties acquired during the six months ended June 30, 2025 ($ in thousands):


Sector	Purchase Price (1)		Number of Transactions	Number of Properties	Sq. Ft. (In Thousands) /Units (2)
Industrial	$	30,131	1	1	265 Sq. Ft.
Multifamily	31,624		1	1	60 Units
	$	61,755	2	2

(1) Purchase price is inclusive of acquisition costs and other acquisition related adjustments. Purchase price does not include any net liabilities assumed.

(2) Multifamily sector reflects the number of units instead of square feet for the acquisition.

Schedule of Purchase Price Allocation for Properties Acquired

The following table summarizes the purchase price allocation for the properties acquired during the six months ended June 30, 2025 ($ in thousands):


	Six Months Ended June 30, 2025
Building and building improvements	$	32,089
Land and land improvements	28,508
Furniture, fixtures and equipment	362
In-place lease intangible assets	2,782
Below-market lease intangible liabilities	(2,726)
Leasing commissions	395
Other intangibles	345
Total purchase price	$	61,755

Nuveen Global Cities REIT, Inc. 10-Q