Wexford Science & Technology, LLC, a leading developer of innovation-centric Knowledge Communities across the country, is pleased to announce a new strategic capital partnership with Nuveen Real Estate, one of the largest global real estate investment managers. This partnership marks a significant milestone in Wexford’s growth as it continues to expand its nationwide presence in fostering dynamic, research-driven innovation ecosystems.
As Wexford advances its mission of developing Knowledge Communities that integrate cutting-edge research, entrepreneurial activity, corporate collaboration, and community inclusion, the company has strategically sought to diversify and expand its pool of capital partners and is pleased that Nuveen Real Estate, a subsidiary of TIAA-CREF—one of the largest retirement managers serving teachers and universities—recognized the strength of Wexford’s brand and strategic value proposition.
“The alignment of purpose between Wexford and Nuveen makes this partnership truly distinctive,” said Ted Russell, President and CEO of Wexford Science & Technology. “Nuveen’s long-term investment philosophy, combined with its deep ties to academic and research institutions, aligns seamlessly with our vision of building sustainable, innovation-driven ecosystems in partnership with leading universities and research institutions.”
As part of this partnership, Nuveen has elected to make a strategic investment through its open-end U.S. Cities Workplace fund in select existing Wexford owned property interests in 2.4 million SF of real estate projects diversified across six top growth markets, establishing a strong foundation for future collaboration and growth.
“This is both an exciting deal and partnership for our strategy,” said William Abramowitz, Portfolio Manager, US Cities Workspace Strategy at Nuveen. “It gives this alts-focused approach an additional avenue to deploy capital into demand driven, resilient assets supported by healthcare and innovation.”
“At Nuveen Real Estate, we seek partnerships that align with our commitment to long-term, purpose-driven investments,” said Andrew Pyke, Head of Healthcare Real Estate at Nuveen. “Wexford’s proven track record in developing innovation-focused Knowledge Communities presents a unique opportunity to support and invest in transformative ecosystems that drive research, economic growth, and community engagement. We are excited about this portfolio investment and look forward to collaborating with Wexford to help expand and enhance these critical innovation hubs.”
Nuveen’s investment not only enhances Wexford’s financial position but also expands its ability to accelerate the development of transformative Knowledge Communities.
Ventas, Inc., an existing partner of Wexford, retains its existing ownership interests in all of its Wexford-developed projects and its existing rights with respect to future Wexford life science developments.
