Exhibit 21.1
Subsidiaries of the Registrant
As of April 11, 2025
| Name of Subsidiary |
Jurisdiction of Organization | |
| Nuveen Global Cities REIT LP, LLC | Delaware | |
| Nuveen Global Cities REIT OP, LP | Delaware | |
| NR Kirkland Crossing LLC | Delaware | |
| NR 844 North LLC | Delaware | |
| NR Denver Industrial Portfolio LLC | Delaware | |
| NR Defoor Hills LLC | Delaware | |
| NR Tacara at Steiner Ranch LLC | Delaware | |
| NR ECF Investor Ltd | Cayman Islands | |
| NR Main Street At Kingwood LLC | Delaware | |
| NR APCF Investor Ltd. | Cayman Islands | |
| NR East Sego Lily LLC | Delaware | |
| Nuveen Global Cities REIT Lending LLC | Delaware | |
| NR 9725 Datapoint Drive LLC | Delaware | |
| NR Globe Street Industrial LLC | Delaware | |
| NR Massachusetts REIT Member LLC | Delaware | |
| NR 1 National Street LLC | Delaware | |
| NR MOB 1335 North Mill Street LLC | Delaware | |
| NR MOB 4600 Bill Gardner Parkway LLC | Delaware | |
| NR San Antonio Industrial Building LLC | Delaware | |
| NR MOB 2945 Wilderness Place Member LLC | Delaware | |
| NRNX MOB 2945 Wilderness Place Venture LLC | Delaware | |
| NR MOB 2945 Wilderness Place LLC | Delaware | |
| NR Pine Forest 18 LLC | Delaware | |
| NR West 11th Street DC LLC | Delaware | |
| NR Pineway Business Center LLC | Delaware | |
| NR Eastport 8 LLC | Delaware | |
| NR Brookhill DC 3 LLC | Delaware | |
| NR MOB 620 Roseville Member LLC | Delaware | |
| NRNX MOB 620 Roseville Venture LLC | Delaware | |
| NR MOB 620 Roseville LLC | Delaware | |
| NR Brookson Flats LP | Delaware | |
| Nuveen Global Cities REIT Subsidiary GP LLC | Delaware | |
| NRNX MOB Bucks Town II Venture LLC | Delaware | |
| NR MOB Bucks Town II LLC | Delaware | |
| NR MOB Bucks Town Member LLC | Delaware | |
| NRNX MOB Bucks Town Venture LLC | Delaware | |
| NR MOB Bucks Town LLC | Delaware | |
| NR Hartwell Village Investor Member LLC | Delaware | |
| NRP Hartwell Village LLC | Delaware | |
| NRP Hartwell Village Owner LLC | Delaware | |
| NR Henderson 215 LLC | Delaware | |
| NR MOB 1429 Highway 6 Member LLC | Delaware | |
| NRNX MOB 1429 Highway 6 Venture LLC | Delaware | |
| NR MOB 1429 Highway 6 LLC | Delaware | |
| NR Perimeters Edge LP | Delaware |
| NR SN Florida A, LLC | Delaware | |
| NR SN NC A, LLC | Delaware | |
| NR SN Tennessee A, LLC | Delaware | |
| NR SN Georgia A, LLC | Delaware | |
| NR SN Texas A, LLC | Delaware | |
| NR SN Arizona A, LLC | Delaware | |
| Global Cities REIT Holding Company LLC | Delaware | |
| NR Sparrow Realty I, LLC | Delaware | |
| NR Tampa Crenshaw LLC | Delaware | |
| NR Tampa Gateway Lakes LLC | Delaware | |
| NR Tampa Lakeland Interstate LLC | Delaware | |
| NR Train Court LLC | Delaware | |
| NR Mid Cities Parkway LLC | Delaware | |
| NR The Canyons LLC | Delaware | |
| NR Reserve at Stonebridge LLC | Delaware | |
| Union Property Operations NRE IV LLC | Delaware | |
| GCGR Tucson 5 LLC | Delaware | |
| NR Alliance Gateway 62 LLC | Delaware | |
| Global North Bay, LLC | Delaware | |
| Stoneybrook West, LLC | Delaware | |
| NR Alliance Commerce Center LLC | Delaware | |
| Lake Cay Commons, LLC | Delaware | |
| Global Fairway, LLC | Delaware | |
| NR Alliance Gateway 15 LLC | Delaware | |
| NR FLGP Investor Member LLC | Delaware | |
| NR Sparrow Realty Managing Member I, LLC | Delaware | |
| NR GFI FLGP Venture LLC | Delaware | |
| GFI Riverside, LLC | Delaware | |
| NR Alliance Gateway 22 LLC | Delaware | |
| NR Westport Parkway 4 LLC | Delaware | |
| NR 35 South BC LLC | Delaware | |
| NR 610 Junction LLC | Delaware | |
| NR Federal North LLC | Delaware | |
| NR McMullen LLC | Delaware | |
| NR MLK LLC | Delaware | |
| NR MP CP Venture Investor Member LLC | Delaware | |
| NR MP CP Venture LLC | Delaware | |
| NR MP CP Holding Company LLC | Delaware | |
| GC MP Palm Bay LLC | Delaware | |
| GC MP Imperial LLC | Delaware | |
| NR Sullivan ATL Holdco LLC | Delaware | |
| NR Camp Creek I LLC | Delaware | |
| NR Camp Creek II LLC | Delaware | |
| NR Camp Creek III LLC | Delaware | |
| NR Camp Creek IV LLC | Delaware | |
| NR Sullivan TX Holdco LLC | Delaware |
| NR McKinney POB I LLC | Delaware | |
| NR McKinney POB II LLC | Delaware | |
| NR Tampa Medical LLC | Delaware | |
| NR Wilsonville Logistics Center LLC | Delaware | |
| NR GCREIT Lux HoldCo | Luxembourg | |
| NR GCREIT Master HoldCo S.à.r.l. | Luxembourg | |
| NR GCREIT Denmark ApS | Denmark | |
| NR MP CP TRS LLC | Delaware | |
| Lake Cay Commons, LLC | Delaware | |
| Stoneybrook West, LLC | Delaware | |
| GFI Riverside, LLC | Delaware | |
| Global Fairway, LLC | Delaware | |
| Global North Bay, LLC | Delaware | |
| Søsvinget ApS | Denmark | |
| NR Mountain View Industrial Center LLC | Delaware | |
| NR Short Pump Owner LLC | Delaware | |
| NR DBIC LLC | Delaware | |
| NR GCREIT APAC Holdings Pte Ltd | Singapore | |
| NR GCREIT JP GK | Japan | |
| NR GCREIT JP ISH | Japan | |
| NR GCREIT JP TMK | Japan | |
| NR GCREIT SG GK Pte Ltd | Singapore | |
| NR GCREIT SG Holdings Pte Ltd | Singapore | |
| Nuveen Real Estate Exchange TRS, LLC | Delaware | |
| Nuveen Real Estate Exchange LLC | Delaware | |
| NREX Depositor LLC | Delaware | |
| Nuveen Real Estate Exchange I DST | Delaware | |
| NREX Master Lessee I LLC | Delaware | |
| NREX DST Manager LLC | Delaware |