Diana R. Gonzalez
About Diana R. Gonzalez
Vice President and Assistant Secretary of Nuveen Real Estate Income Fund (ticker: JRS) with service since 2017; year of birth 1978. She is a Vice President and Assistant Secretary of Nuveen Fund Advisors, LLC, and Vice President, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC, Teachers Advisors, LLC, and TIAA‑CREF Investment Management, LLC; and Vice President and Associate General Counsel of Nuveen . Officers of the Nuveen funds receive no compensation from the Funds themselves; compensation for the Funds’ Chief Compliance Officer is paid by the Adviser (Nuveen) with the Funds reimbursing an allocable portion of the CCO’s incentive compensation, underscoring that officer pay (including Ms. Gonzalez’s) is not set or paid by JRS and is not disclosed at the Fund level . As of February 18, 2025, Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund; the adviser to JRS is an indirect subsidiary of Nuveen (the investment management arm of TIAA) .
Past Roles
| Organization | Role | Years | Strategic Impact / Scope |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Since 2017 (officer tenure) | Officer of the Fund Complex with corporate secretary responsibilities |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy) | Legal and governance support across Nuveen registered funds/advisers |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy) | Legal and governance roles for TIAA-affiliated funds/advisers |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy) | Legal and assistant secretary functions for TIAA investment platforms |
| Nuveen (parent) | Vice President and Associate General Counsel | Past 5 years (per proxy) | Senior legal counsel within Nuveen/TIAA complex |
Fixed Compensation
| Component | 2024 | Notes |
|---|---|---|
| Base salary | Not disclosed by JRS | Officers receive no compensation from the Funds; officer pay is set and paid by the Adviser (Nuveen) and not disclosed at the Fund level |
| Target bonus % | Not disclosed by JRS | Same as above |
| Actual bonus paid | Not disclosed by JRS | Same as above |
| CCO compensation construct | N/A to Ms. Gonzalez | Fund CCO compensation (base + incentive) is paid by the Adviser; Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Fund officers | — | — | — | — | Officers receive no compensation from the Funds; no performance plan details are disclosed at the Fund level |
Equity Ownership & Alignment
| Item | Value | As-of |
|---|---|---|
| Individual beneficial ownership (Diana R. Gonzalez) | Not individually disclosed in proxy | — |
| Board Members and executive officers as a group – ownership of JRS (Nuveen Real Estate Income Fund) | 1,344 shares (group total, “Real Estate Income”) | Dec 31, 2024 |
| Board Members and executive officers as a group – ownership as % of shares outstanding | <1% for each Fund | Feb 18, 2025 |
| Pledging/hedging by officers | Not disclosed in proxy | — |
| Ownership guidelines | The Nuveen Funds boards expect each Board Member to invest at least one year of compensation in the Fund Complex; officer guidelines not disclosed |
Employment Terms
| Term | Detail |
|---|---|
| Position | Vice President and Assistant Secretary |
| Term of office | Indefinite; officers are elected by the Board on an annual basis to serve until successors are elected and qualified |
| Length of service | Since 2017 (with the Funds) |
| Employer/sponsor context | Adviser is Nuveen (indirect subsidiary of TIAA); officers are Nuveen employees serving the Funds |
| Employment contract, severance, change-of-control, non-compete | Not disclosed at the Fund level for officers |
| Section 16 compliance | The Funds believe Board Members and officers complied with applicable Section 16(a) filing requirements in the last fiscal year |
Related Observations (governance and disclosures)
- The Funds have no employees; officers serve without any compensation from the Funds, indicating compensation alignment and incentive mechanics for officers are housed at Nuveen/TIAA, not disclosed in JRS filings .
- Beneficial ownership by Board Members and officers as a group is immaterial (<1%), and group holdings specifically include 1,344 shares of Nuveen Real Estate Income (JRS) as of Dec 31, 2024, limiting direct equity alignment through Fund shares .
- Adviser relationship: The Adviser to JRS is Nuveen, the investment management arm of TIAA, framing compensation/retention risk as functions of Nuveen/TIAA employment rather than JRS .
Investment Implications
- Pay-for-performance transparency is low at the Fund level for officers: because officers aren’t compensated by JRS and compensation is not disclosed in Fund filings, traditional executive comp benchmarking (base, bonus, PSUs/RSUs, metrics, vesting) is unavailable; thus, compensation alignment must be inferred from Nuveen/TIAA policies rather than JRS .
- Insider selling pressure risk appears limited at the Fund level: group beneficial ownership across Funds is <1%, and JRS-specific group ownership is 1,344 shares as of year-end 2024; there is no disclosed officer-level pledging/hedging, reducing overhang concerns based on the Fund’s disclosures .
- Retention/transition risk ties to Nuveen/TIAA employment terms: officer term is indefinite with annual election by the Board; no severance, change-of-control, or non-compete terms are disclosed at the Fund level, implying retention economics are defined by Nuveen/TIAA HR practices rather than JRS .
- Governance/filing hygiene: Section 16(a) compliance was affirmed for Board Members and officers, suggesting low governance red-flag risk from reporting deficiencies .