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Retirement Plan Annuities

Invest in commercial real estate and receive income for life in retirement

Randy Giraldo, Portfolio Manager, shares his outlook on U.S. commercial real estate
Performance

TIAA Real Estate Account performance returns

 
Properties

Check out some TIAA Real Estate Account properties

Why real estate?
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Invest directly in commercial real estate

  • True diversification1
  • Alternative to the “safety” of bonds2
  • Hedges against inflation as rents rise with other prices
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Access to income you can’t outlive

  • Convert some or all of your balance into payments that last a lifetime3
  • Access your money anytime through a range of withdrawal options4.
why tiaa?

An easy way to get exposure to real estate

The TIAA Real Estate Account is a variable annuity designed to maximize the benefits of real estate investing, while minimizing the drawbacks of managing your own properties.
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TIAA Real Estate Account (QREARX) is an easy way to gain investment exposure to US real estate.

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Returns are largely unaffected by movements in stock or bond markets  since returns are generated by rental income and changes in property values. For the 10-year period ended September 30, 2018, REA correlation to the S&P 500 Index and Barclay’s Aggregate Bond Index was 0.09 and -0.11, respectively. Over this same period, correlation between the FTSE Nareit All Equity REIT Index and the S&P 500 Index was 0.61. You cannot invest directly in any index. Index returns do not reflect a deduction for fees and expenses.
 
Direct real estate has delivered higher risk-adjusted returns than bonds since the account’s inception in 1995. As of September 30, 2018, the REA since-inception sharpe ratio (a measure of risk-adjusted return) was 1.1, while the Bloomberg Barclays U.S. Aggregate Bond index was 0.8 over the same period. The REA inception date is 10/2/1995. You cannot invest directly in any index. Index returns do not reflect a deduction for fees and expenses. Past performance does not guarantee future results.
 
Other payout options are available. Any guarantees under annuities issued by Teachers Insurance and Annuity Association of America are subject to its’ claims-paying ability. Payments from the TIAA Real Estate Account  will rise or fall based on investment performance.
 
Withdrawals of earnings are subject to ordinary income tax, plus a possible federal 10% penalty if you make a withdrawal before age 59 ½. Transfers out of the account to another TIAA or to a CREF account or into another investment option can be executed at any time, but are limited to once per calendar quarter, although some plans may allow systematic transfers that result in more than one transfer per calendar quarter, and certain other limited exceptions to this restriction apply.
 
*Diversification is a way to help avoid risk and does not guarantee against loss.
 
The real estate industry is subject to various risks including fluctuations in underlying property values, expenses and income, and potential environmental liabilities.

In general, the value of the TIAA Real Estate Account will fluctuate based on the underlying value of the direct real estate or real estate-related securities in which it invests. The risks associated with investing in the Real Estate Account include the risks associated with real estate ownership including among other things fluctuations in underlying property values, higher expenses or lower income than expected, risks associated with borrowing and potential environmental problems and liability, as well as risks associated with participant flows and conflicts of interest. For more complete discussion of these and other risks, please consult the prospectus.

This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
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