Compare real estate options
|TIAA REAL ESTATE ACCOUNT||REIT MUTUAL FUNDS||BUYING AND MANAGING your OWN PROPERTIES|
|RISK AND REWARD||Has not been tied to swings in the stock market||Has stock market risk because REIT shares are traded||Limits diversification, within the real estate sector, which can increase risk|
|ACCESS TO CASH||You can take your money out easily||You can take your money out easily||Depends on real estate market|
Direct ownership of properties by the account means lower fees
|Management fees and other expenses of each REIT stock may not be reflected in mutual fund expenses.||Opportunity cost of time spent managing properties|
The real estate industry is subject to various risks including fluctuation in underlying property values, expenses and income, and potential environmental liabilities.