Note 1. Organization and Business Purpose Nuveen Global Cities REIT, Inc. (the Company) was formed on May 1, 2017 as a Maryland corporation and intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes commencing with its taxable year ending December 31, 2018. The Companys sponsor is Nuveen, LLC (the Sponsor), a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (TIAA). The Company is the sole general partner of Nuveen Global Cities REIT OP, LP, a Delaware limited partnership (Nuveen OP). Nuveen OP has issued a limited partner interest to Nuveen Global Cities REIT LP, LLC (the Limited Partner), a wholly owned subsidiary of the Company. The Company was organized to invest primarily in stabilized income-oriented commercial real estate in the United States and that a substantial but lesser portion of the Companys portfolio will include real properties located in Canada, Europe and the Asia-Pacific region. Substantially all of the Companys business will be conducted through Nuveen OP. The Company and Nuveen OP are externally managed by Nuveen Real Estate Global Cities Advisors, LLC (the Advisor), an indirect, wholly owned subsidiary of the Sponsor. Pursuant to a Registration Statement on Form S-11, the Company has registered with the Securities and Exchange Commission (the SEC) an offering of up to $5 billion in shares of common stock, consisting of up to $4 billion in shares in its primary offering and up to $1 billion in shares pursuant to its distribution reinvestment plan (the Offering). The Registration Statement was declared effective on January 31, 2018. The Company is publicly offering any combination of four classes of shares of its common stock, Class T shares, Class S shares, Class D shares and Class I shares, with a dollar value up to the maximum offering amount. The publicly offered share classes have different upfront selling commissions and ongoing stockholder servicing fees. The purchase price per share for each class of common stock in the Offering varies and will generally equal the Companys prior months net asset value (NAV) per share, as calculated monthly, plus applicable upfront selling commissions and dealer manager fees.