Chad W. Phillips
Nuveen LLC, the investment manager of TIAA, today announced Chad W. Phillips as global head of Nuveen Real Estate, effective immediately. He takes over following Chris McGibbon’s decision to retire after nearly 25 years of service.
Phillips is now responsible for a portfolio of $141 billion in commercial real estate equity and debt investments, extending across 22 countries. He will also chair the Nuveen Real Estate global executive leadership team.
Phillips joined Nuveen in 2019. Most recently, he led a global team of sector specialists focused on workplace, health care, retail and mixed-use investments, overseeing the strategy, performance and day-to-day investment and fundraising activities across those sectors. He has nearly 25 years of experience in all facets of real estate investing and portfolio management, according to Nuveen. Phillips graduated with a bachelor’s degree from Davidson College and a master’s degree in real estate from Georgetown University.
“Chad is known for his leadership style, investment expertise and consistent commitment to client service,” said Mike Sales, Nuveen’s CEO of real assets, in a statement. “I have every confidence he will maintain our drive for excellence as he guides the platform into the future.”
McGibbon plans to stay with the firm until his retirement on June 30.
“Over the course of nearly 25 years with TIAA and Nuveen, including the last six years as Global Head of Nuveen Real Estate, Chris has worked tirelessly to grow and transform our real estate business, which is now a top five global player,” said Sales in a statement, adding that McGibbon’s tenure “will leave a lasting impact on our real estate business.”
Tags: Chad W. Phillips, Chris McGibbon, Mike Sales, Nuveen, Real Estate