PSP Investments, Nuveen Launch $790MM Grocery-Anchored Retail Venture With 19 Open-Air Centers

Canada's Public Sector Pension Investment Board and Nuveen Real Estate have launched a joint venture that has already deployed $790 million across 19 grocery-anchored and necessity-based open-air shopping centers in eight states, with two large portfolio buys placing the partnership in Southern California, Dallas-Fort Worth and Washington state.