Nuveen Real Estate to invest $400m in Sparrow.

Nuveen Real Estate, a real estate investment manager, agreed to invest $400m in Sparrow, a vertically-integrated single-family home rental platform. “Our investment in Sparrow allows us to efficiently scale with a best-in-class team in a sector where we have tremendous conviction. We believe the fundamental shift in demographics and lifestyles which underpin demand for single-family rentals is just starting to emerge,” Michael Hunter, Nuveen Real Estate Global Head of Alternatives and Strategic Transactions.