Nuveen Real Estate Names New US CIO

Carly Tripp, CIO, Nuveen Real Estate. Image courtesy of Nuveen Real Estate

After recently launching its $550 million U.S. Cities Multifamily Fund, Nuveen Real Estate has selected Carly Tripp as the new CIO for its U.S. investment portfolio. In her new position, she will be responsible for overall investment strategy, acquisitions, dispositions, asset management and financings for an $88 billion U.S. portfolio. Tripp will report to the company’s Head of U.S. Real Estate Chris McGibbon.  

Part of the new position will include being chair of the Americas Investment Committee and have end-to-end responsibility for all investment activity across the Americas. She will work with the Nuveen Real Estate’s U.S. Sector Heads Jay Martha, John Cornuke, Manuel Martin and Gray Bouchillon and their teams to devise strategies to increase the company’s expertise and capabilities.  

“Our U.S. business continues to expand as we leverage our platform into new strategies and sub-sectors. Carly’s leadership will bring consistency to the investment process and continuity across sector teams as we grow,” said McGibbon, in a prepared statement.  

Previously, Tripp was a managing director & global head of real estate and alternatives for TIAA General Account where she was responsible for directing investment strategy for its global multi-asset class alternative portfolio. This included a roughly $40 billion real estate program. Prior to that, she was a member of TIAA’s Global Real Estate team helping to oversee the TIAA Real Estate Account.