The Core Direct Real Estate investment strategy seeks to provide current income and generate long-term capital growth by investing primarily in core real estate assets. It seeks to outperform its benchmark, the National Council of Real Estate Investment Fiduciaries (NCREIF) Property Index (NPI).
The investment team seeks to acquire properties that are well-located, well-leased, and possess attractive current cash flows and strong tenant bases. The portfolio management team utilizes a combination of strategic research and applied expertise to identify these properties and construct the portfolio.
The TIAA proprietary real estate modeling process analyzes 275 market and property type combinations to identify those that offer the greatest potential. Geographic market forecasts identify an initial list of cities and property types based on a rigorous screening of economic, demographic, and real estate market data within a risk-adjusted-return framework. This process, combined with external data and research, enhances the investment team’s decision-making capabilities.
Core Real Estate portfolios are subject to certain risks such as market and investment style risk. Real estate investments are subject to various risks, including fluctuations in property values, higher expenses or lower income than expected, and potential environmental problems and liability.
This material is provided for the informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate.