Amendment No. 4 to Valuation Services Agreement between Nuveen Global Cities REIT, Inc. and SitusAMC Real Estate Valuation Services, LLC
This amendment, dated August 29, 2024, is between Nuveen Global Cities REIT, Inc. and SitusAMC Real Estate Valuation Services, LLC. It reinstates their original Valuation Services Agreement as of December 14, 2023, and updates the agreement's term to last three years from the effective date, with automatic annual renewals. All other terms of the original agreement remain unchanged. The amendment is effective upon signing by both parties' authorized representatives.
Exhibit 10.1
AMENDMENT NO. 4
TO VALUATION SERVICES AGREEMENT
This Amendment No. 4 (Amendment) dated as of August 29, 2024 is made between Nuveen Global Cities REIT, Inc. (Client) and SitusAMC Real Estate Valuation Services, LLC (SitusAMC) and amends that certain Valuation Services Agreement between Client and SitusAMC dated December 14, 2017 (VSA).
NOW, THEREFORE, in consideration of the premises, the mutual agreements herein set forth and other good and valuable consideration, the receipt, and adequacy of which are hereby acknowledged, the Parties agree as follows:
A. Notwithstanding the expiration of the VSA by its terms, the VSA is reinstated in its entirety as of December 14, 2023 and shall continue in full force and effect in accordance with its terms.
B. The first sentence of Section 8 (Term of Agreement) of the VSA is hereby deleted and replaced with the following:
This Agreement shall continue in force for a period of three years from the Effective Date (Initial Term) and will automatically renew annually thereafter.
C. Unless expressly amended by the provisions of this Amendment, the terms of the VSA shall not be affected hereby. Capitalized terms not defined herein shall have the meaning ascribed to them in the VSA. This Amendment contains the entire understanding of the Parties with respect to the subject matter hereof and supersedes any prior or contemporaneous understandings, agreements or representations, written or oral, relating to the subject matter hereof.
D. This Amendment may be executed in separate counterparts, each of which will be an original and all of which taken together shall constitute one and the same Amendment.
IN WITNESS WHEREOF, the Parties have caused their names to be signed hereto by their respective officers, thereunto duly authorized, as of the date first set forth above.
Nuveen Global Cities REIT, Inc. | ||
By: | /s/ Robert Redican | |
Name: | Robert Redican | |
Title: | CFO and Treasurer | |
SitusAMC Real Estate Valuation Services, LLC | ||
By: | /s/ Dane Anderson | |
Name: | Dane Anderson | |
Title: | Managing Director |
SitusAMC Legal Approval: | /s/ Gentian Mullaj |