The Advisor receives a management fee, payable quarterly in arrears, in connection with the management of the Company, as follows:


	Type A-I Shares	Type A-II Shares	Type I Shares	Type S Shares	Type S-I Shares	Type S-II Shares	Type D Shares	Type E Shares
Management Fee (% of NAV for shares)	0.95%	1.15%	1.25%	1.25%	0.95%	1.15%	1.25%	—

Additionally, to the extent the Nuveen OP issues OP Units to parties other than the Company, the Advisor receives a management fee from Nuveen OP, payable quarterly in arrears, in connection with the management of the Company, as follows:


	Type A-I OP Units	Type A-II OP Units	Type I OP Units	Type S OP Units	Type S-I OP Units	Type S-II OP Units	Type D OP Units	Type E OP Units
Management Fee (% of NAV for OP Units)	0.95%	1.15%	1.25%	1.25%	0.95%	1.15%	1.25%	—

The following table presents the Upfront Sales Load and the shareholder servicing fees per annum, for each type of shares sold in the Offering:


	Type A-I Shares	Type A-II Shares	Type I Shares	Type S Shares	Type S-I Shares	Type S-II Shares	Type D Shares	Type E Shares
Upfront Sales Load (% of Transaction Price)	—	—	—	up to 3.5%	up to 3.5%	up to 3.5%	up to 1.5%	—
Annual Shareholder Servicing Fee (% of NAV)	—	—	—	0.85%	0.85%	0.85%	0.25%	—