TIAA Real Estate Account
QREARX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jan 2, 2020
- CIK
- 0000315038
- Similar Companies
- Business
- TIAA Real Estate Account (QREARX) is a separate account of Teachers Insurance and Annuity Association of America (TIAA) that provides investors with access to a diversified portfolio of directly held private real estate investments and real estate-related assets, seeking favorable total returns primarily through rental income and property appreciation while offering guaranteed daily liquidity. The Account allocates 75% to 85% of its net assets to direct real estate investments across industrial (34.5%), apartments (28.3%), office (16.9%), retail (13.3%), and other sectors including self-storage, hotels, and land; real estate joint ventures (23.7% of net assets); real estate operating businesses; real estate funds; loans receivable; and up to 25% in liquid real estate-related securities such as publicly traded REITs, CMBS, and fixed-income investments. It operates primarily in the U.S. with properties concentrated in the West (37.5%), South (33.0%), East (23.8%), and Midwest (5.0%) regions, plus minor foreign exposure (0.7%), and targets institutional and individual retirement savers through annuity contracts including Retirement Annuities, Group Retirement Annuities, Supplemental Retirement Annuities, and Retirement Choice products. Notable holdings include the Simpson Housing Portfolio, Ontario Industrial Portfolio, Fashion Show mall, Campus Pointe, Storage Portfolio II (joint venture with Extra Space Properties), Lincoln Centre, The Florida Mall (joint venture with Simon Property Group), Dallas Industrial Portfolio, 1001 Pennsylvania Avenue, and Seavest MOB. Launched on October 2, 1995, the Account is managed from TIAA's headquarters at 730 Third Avenue, New York, NY, with net assets of approximately $22.7 billion as of September 30, 2025. In recent years, it has executed a multi-year strategic shift to reduce exposure to underperforming sectors like traditional office and regional malls while increasing allocations to high-growth areas such as housing, industrial, necessity retail, and alternatives like self-storage, reflecting improved transaction activity and property value stabilization amid a U.S. commercial real estate recovery. As of Q3 2025, the Account reported slight property value appreciation, strong fundamentals, portfolio turnover of 5.5% for real estate investments, and 21.5% of total investments held via joint ventures, supporting a 1.11% quarterly return and 3.64% one-year return. This ongoing repositioning aligns with broader market trends, including rebounding sales volumes up 17% year-over-year and positive real estate returns for six consecutive quarters.