Jeremy D. Franklin
About Jeremy D. Franklin
Jeremy D. Franklin (year of birth: 1983) serves as Vice President and Assistant Secretary of Nuveen Real Estate Income Fund (JRS). He has served since 2024, with an indefinite term and officers elected annually by the Board; officers receive no compensation from the Funds and the Funds have no employees. His core credentials are legal and corporate secretarial across the Nuveen/TIAA complex, including Managing Director/Assistant Secretary at Nuveen Fund Advisors and Vice President/Associate General Counsel at multiple Nuveen/TIAA affiliates .
Past Roles
| Organization | Role | Years | Strategic impact / scope |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director and Assistant Secretary | Past 5 years (as disclosed) | Fund officer/legal governance across Nuveen closed-end/mutual funds |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as disclosed) | Legal counsel and corporate secretarial responsibilities |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as disclosed) | Legal and fund governance support within TIAA complex |
| TIAA-CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as disclosed) | Legal counsel within TIAA asset management |
| Teachers Insurance and Annuity Association of America (TIAA) | Vice President and Associate General Counsel | Past 5 years (as disclosed) | Legal responsibilities at parent entity |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| TIAA-CREF Funds | Vice President and Assistant Secretary | Current (information as of Mar 1, 2025) | Fund officer across TIAA-CREF mutual fund complex |
| TIAA-CREF Life Funds | Vice President and Assistant Secretary | Current | Fund officer across TIAA-CREF Life funds |
| TIAA Separate Account VA-1 | Vice President, Associate General Counsel, and Assistant Secretary | Current | Variable annuity separate account governance role |
| College Retirement Equities Fund (CREF) | Vice President, Associate General Counsel, and Assistant Secretary | Current | Fund officer role at CREF |
Fixed Compensation
| Component | 2024 | 2025 | Notes |
|---|---|---|---|
| Compensation from JRS (Fund-paid) | Not paid | Not paid | “Officers receive no compensation from the Funds” and “The Funds have no employees.” Officers are elected annually; compensation (if any) is borne by the Adviser, not disclosed at fund level . |
Performance Compensation
| Incentive type | Performance metric(s) | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Annual bonus (Adviser-paid) | Not disclosed by JRS | — | — | — | — | — |
| Equity awards (RSUs/PSUs/Options) | Not disclosed by JRS | — | — | — | — | — |
- The proxy provides no disclosure of Franklin’s target/actual bonus, equity grants, vesting schedules, or performance metrics; officers’ compensation is not paid by the Funds and is not itemized in the fund proxy .
Equity Ownership & Alignment
| Item | Disclosure | As-of date | Notes |
|---|---|---|---|
| Individual beneficial ownership (Franklin) | Not individually disclosed in proxy | — | Beneficial ownership tables cover Board Members; officers not broken out individually . |
| Officers and Board as a group | Less than 1% of outstanding shares for each Fund | Feb 18, 2025 | Group holdings below 1% for each fund; implies limited direct equity ownership by insiders at fund level . |
| Pledging/hedging | Not disclosed | — | No pledging/hedging policy disclosures for officers in the JRS proxy . |
| Ownership guidelines | Board Members expected to invest at least one year of compensation in funds overseen | Policy statement (no officer guideline) | Governance principle applies to Board Members, not officers . |
Employment Terms
| Term | Detail | Citation |
|---|---|---|
| Office | Vice President and Assistant Secretary | |
| Length of service | Since 2024 | |
| Term/election | Indefinite term; officers elected annually by the Board to serve until successors are elected and qualified | |
| Employer of record | Nuveen Fund Advisors, LLC and affiliated Nuveen/TIAA entities (for officer roles) | |
| Severance/change-in-control | Not disclosed by JRS | — |
| Clawback, non-compete/non-solicit, tax gross-ups | Not disclosed by JRS | — |
Investment Implications
- Pay-for-performance assessment at the fund level is not possible: officers are unpaid by the Funds, and the proxy provides no target/actual bonus or equity award disclosure for Franklin; compensation, if any, is at the Adviser level and not itemized in JRS filings .
- Limited insider alignment signal at the fund level: officers and Board as a group own less than 1% of outstanding shares for each Fund as of Feb 18, 2025, and there is no officer-specific pledging/hedging disclosure; Board Members are expected to invest one year of compensation (board-only guideline) .
- Retention/contract risk cannot be assessed: no employment agreement, severance or change-in-control terms are disclosed for Franklin in JRS documents; officers hold indefinite terms and are elected annually .
- Role-driven execution risk is low to portfolio outcomes: Franklin’s responsibilities are legal/secretarial across Nuveen/TIAA entities rather than portfolio management; the proxy lists him as Managing Director/Assistant Secretary and VP/Associate General Counsel across affiliates .