John M. McCann
About John M. McCann
John M. McCann (born 1975) serves as Vice President and Assistant Secretary of Nuveen Real Estate Income Fund (JRS) with an indefinite term; he has served since 2022. He is Senior Managing Director, Division General Counsel of Nuveen; Managing Director, General Counsel and Secretary of Nuveen Fund Advisors, LLC; and holds multiple legal officer roles across Nuveen/TIAA affiliates (Nuveen Asset Management, TIAA SMA Strategies LLC, College Retirement Equities Fund, TIAA Separate Account VA‑1, TIAA‑CREF Funds, TIAA‑CREF Life Funds, Teachers Insurance and Annuity Association of America, Teachers Advisors LLC, TIAA‑CREF Investment Management, LLC, and Nuveen Alternative Advisors LLC) . Officers receive no compensation from the Funds; the Funds have no employees, and officers are elected annually by the Board to serve until successors are elected and qualified .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Managing Director, Division General Counsel | Past 5 years (per proxy biography) | Division-level legal leadership across Nuveen |
| Nuveen Fund Advisors, LLC | Managing Director, General Counsel and Secretary | Past 5 years (per proxy biography) | Fund adviser general counsel/secretary functions |
| Nuveen Asset Management, LLC | Managing Director, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy biography) | Asset management legal and governance roles |
| TIAA SMA Strategies LLC | Managing Director and Assistant Secretary | Past 5 years (per proxy biography) | Legal/governance roles at affiliate |
| Nuveen Alternative Advisors LLC | Managing Director, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy biography) | Alternatives platform legal oversight |
| Various Nuveen/TIAA entities | Previously held various positions | Not specified | Prior roles within Nuveen/TIAA complex |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Teachers Insurance and Annuity Association of America (TIAA) | Managing Director, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy biography) | Legal leadership within TIAA affiliate |
| Teachers Advisors LLC | Managing Director, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy biography) | Adviser legal roles |
| TIAA‑CREF Investment Management, LLC | Managing Director, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy biography) | Investment management legal oversight |
| College Retirement Equities Fund (CREF) | Managing Director, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy biography) | Registered fund governance |
| TIAA Separate Account VA‑1 | Managing Director, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy biography) | Variable annuity account governance |
| TIAA‑CREF Funds and TIAA‑CREF Life Funds | Managing Director, Associate General Counsel and Assistant Secretary | Past 5 years (per proxy biography) | Mutual fund trust/company governance |
Fixed Compensation
- Officers receive no compensation from the Funds. The Funds have no employees, and officers are elected annually by the Board to serve until successors are elected and qualified .
Performance Compensation
- Fund‑paid incentive compensation and equity awards do not apply to Fund officers; officers receive no compensation from the Funds . The proxy describes that the Chief Compliance Officer’s compensation is paid by the Adviser (with an allocable portion of incentive compensation reimbursed), underscoring that compensation for personnel is handled at the adviser level rather than by the Funds .
Equity Ownership & Alignment
| Metric | As of | Value |
|---|---|---|
| JRS (Nuveen Real Estate Income Fund) shares beneficially owned by Board Members and officers as a group | Dec 31, 2024 | 1,344 shares |
| Beneficial ownership as % of shares outstanding (each Fund) — Board Members individually | Feb 18, 2025 | Each Board Member’s individual beneficial shareholdings in each Fund were less than 1% |
| Beneficial ownership as % of shares outstanding (each Fund) — Board Members and executive officers as a group | Feb 18, 2025 | Less than 1% for each Fund |
| Stock ownership guidelines (Board Members) | Current policy | Board Members are expected to invest at least one year of compensation in funds within the Fund Complex (applies to Board Members, not Fund officers) |
Employment Terms
| Term | Detail |
|---|---|
| Position | Vice President and Assistant Secretary |
| Term of office and election | Indefinite term; officers are elected annually by the Board to serve until successors are elected and qualified |
| Length of service with the Funds | Since 2022 |
| Employer relationship | The Funds have no employees; officer roles are filled by personnel of the adviser/affiliates |
| Compensation from Fund | Officers receive no compensation from the Funds |
Investment Implications
- Pay-for-performance alignment at the JRS level is structurally limited for Fund officers: they receive no compensation from the Fund and do not receive Fund-level equity incentives, so their compensation is not directly tied to JRS share performance .
- Insider selling pressure appears low at the Fund level: aggregate beneficial ownership by Board Members and executive officers is small (1,344 JRS shares as of 12/31/2024; less than 1% of outstanding shares for the group), which implies limited capacity for insider-driven supply overhang in the shares .
- Retention risk and incentive design for McCann sit with Nuveen/TIAA employment arrangements rather than with JRS; fund filings do not cover his individual employment agreement or severance/change‑of‑control terms, and the Funds have no employees and do not pay officer compensation .
- Governance alignment is reinforced at the Board (director) level via an expectation to hold at least one year’s compensation in funds across the complex; while this does not apply to officers, it frames the oversight environment in which Fund officers operate .