v3.26.1
Organization and Business Purpose
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Business Purpose Organization and Business Purpose
Nuveen Farmland REIT (the “Company”) was formed on July 21, 2025 as a Maryland statutory trust. The Company intends to qualify as a real estate investment trust (“REIT”) for U.S. federal income tax purposes. The Company’s sponsor is Nuveen, LLC, a Delaware limited liability company (the “Sponsor” or “Nuveen”), a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). The Company is the sole general partner of Nuveen Farmland REIT Operating Partnership, L.P., a Delaware limited partnership (“Nuveen OP” or the “Operating Partnership”). Nuveen OP has issued a special limited partner interest to Nuveen Farmland REIT Special Limited Partner L.P. (the “Special Limited Partner”), a wholly owned subsidiary of Nuveen. The Company was organized to invest primarily in agricultural real estate throughout the United States, namely leased farmland and related agricultural real estate that produces food or fiber, inputs for production agriculture, processing/storing crops or other agricultural-related assets. Substantially all of the Company’s business is conducted through Nuveen OP. The Company and Nuveen OP are externally managed by Nuveen Farmland Advisors, LLC, a Delaware limited liability company (the “Advisor”), an indirect, wholly owned subsidiary of the Sponsor.
As of March 31, 2026, the Company had neither purchased nor contracted to purchase any investments. In connection with the date that the Company first receives cash from subscriptions in connection with the Company’s ongoing private offering (the “Initial Closing”), the Company may acquire one or more initial assets (the “Initial Portfolio”) from a subsidiary of TIAA. As of March 31, 2026 we have not yet acquired any assets. TIAA and/or an affiliate of Nuveen intend to make an investment of at least $25 million, comprised of a mix of cash and assets, some of which may make up a portion of the Initial Portfolio in the Company, in exchange for Class A-I Shares. As of March 31, 2026, the Advisor had not identified assets in which it is probable that the Company will invest.