Global AgInvesting | 24 September 2025Nuveen launches $3bn private US farmland REIT with exposure to California’s Central ValleyNuveen, a Chicago, Illinois-based investment management firm with over $1 trillion in assets under management, has set its sights on American farmland in its latest venture. The strategy blends income stability with long-term growth potential amid surging global food demand and shrinking arable land. With farmland reflecting an implicit investment in water, the REIT will favor farms with sustainable supplies, including steady rainfall, resilient groundwater or secure water rights with dependable delivery. To get started, Nuveen will acquire an initial portfolio of farmland from a subsidiary of its parent company, the Teachers Insurance and Annuity Association of America (TIAA). Nuveen reportedly joins a lineup that includes two publicly traded U.S. farmland REITs: Farmland Partners and Gladstone Land.