Nathaniel T. Jones
About Nathaniel T. Jones
Vice President and Treasurer of Nuveen Real Estate Income Fund (JRS) since 2016; born 1979; business address 333 West Wacker Drive, Chicago, IL 60606. He currently serves as Senior Managing Director of Nuveen and Senior Managing Director of Nuveen Fund Advisors, LLC; he is a Chartered Financial Analyst (CFA). Officers of the Funds receive no compensation from the Funds and are elected annually by the Board, which limits pay‑for‑performance visibility within fund proxies. Fund-level TSR, revenue growth, and EBITDA metrics are not linked to individual officer compensation in the fund disclosures.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Managing Director | 2021–present | Not disclosed in fund filings |
| Nuveen Fund Advisors, LLC | Managing Director | 2015–present | Not disclosed in fund filings |
| Nuveen | Managing Director | 2017–2021 | Not disclosed in fund filings |
| Nuveen | Senior Vice President | 2016–2017 | Not disclosed in fund filings |
| Nuveen; Nuveen Fund Advisors, LLC | Senior Managing Director (current) | As of 2025 | Not disclosed in fund filings |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| — | — | — | None disclosed for Jones in fund proxies |
Fixed Compensation
- Officers receive no compensation from the Funds; the CCO’s compensation is paid by the Adviser (Nuveen), with the Funds reimbursing an allocable portion of the Adviser’s cost of the CCO’s incentive compensation. No officer‑specific base salary, target bonus, or bonus paid amounts are disclosed for Jones in fund proxies.
Performance Compensation
- Incentive structures (RSUs/PSUs, options, performance metrics, vesting schedules, retention bonuses) for Jones are not disclosed in the fund proxies; officers’ compensatory arrangements exist at the Adviser level and are not detailed in JRS filings.
Equity Ownership & Alignment
- As of January 20, 2023, Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund. Individual officer beneficial ownership (including Jones) is not broken out in the proxies.
- Group holdings in JRS (Real Estate Income Fund) as of December 31, 2022: 1,159 shares. Individual officer holdings (including Jones) are not provided.
- Section 16(a) compliance: Funds state Board Members and officers complied with applicable ownership reporting requirements during the last fiscal year.
- Pledging/hedging, stock ownership guidelines, and compliance status for officers are not disclosed in fund filings (ownership expectations cited apply to Board Members, not officers).
Employment Terms
| Term Element | Disclosure |
|---|---|
| Title | Vice President and Treasurer |
| Term of Office | Indefinite; officers are elected annually by the Board and serve until successors are elected and qualified |
| Length of Time Served | Since 2016 |
| Employer/Affiliations | Senior Managing Director of Nuveen; Senior Managing Director of Nuveen Fund Advisors, LLC |
| Contracts/Severance/Change‑of‑Control | Not disclosed in fund proxies |
Performance & Track Record (Fund‑level context)
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Net Income - (IS) ($USD) | 40,697,413* | 25,304,148* |
Values retrieved from S&P Global.*
Investment Implications
- Disclosure gap on officer pay: Because officers receive no compensation from the Funds and compensation resides at the Adviser, proxy statements do not provide Jones’s salary/bonus/equity awards, making pay‑for‑performance alignment unassessable from JRS filings alone. This limits analysis of vesting schedules, severance economics, and change‑of‑control terms as trading signals.
- Tenure and continuity: Jones has served as Treasurer since 2016, with progressive senior roles at Nuveen/Nuveen Fund Advisors, indicating institutional continuity; retention risk cannot be quantified without employment contract detail.
- Ownership alignment: Group ownership in JRS is de minimis (<1%); individual officer ownership (including pledged or hedged shares) is not disclosed, limiting “skin‑in‑the‑game” assessment.
- Governance/insider reporting: Funds report Section 16 compliance by officers and Board Members, suggesting timely reporting, but Form 4 transaction detail for Jones is not included in fund proxies; monitor SEC Form 4 filings directly for potential selling pressure around vesting events.