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TIAA Variable Annuity Accounts

TIAA Real Estate  (QREARX)

The TIAA Real Estate Account seeks favorable long-term returns primarily through rental income and appreciation of real estate investments owned by the account.

Unit value as of 10/29/2014 : $328.0768
Total return year-to-date as of 10/29/2014 : 9.77%
3-month cumulative rate of return as of 09/30/2014 : 2.32%
Expense charge 1, 2 : 0.87%
Net invested assets as of 09/30/2014 : $18.91 billion
Inception date : 10/02/1995
Investment class : Real Estate
Financial Performance
  Performance Data
as of 10/29/2014
Average Annual Total Returns
as of 09/30/2014
  Unit
Values
Net
Change
YTD
Return
1 Year 3 Year 5 Year 10 Year Since Inception
TIAA Real Estate $328.0768 -0.06% 9.77% 9.94% 10.22% 9.68% 4.74% 6.30%
Standardized Prior Quarter-End Performance Comparison
  Average Annual Total Returns as of 06/30/2014
  1 Year 3 Year 5 Year 10 Year Since
Inception
TIAA Real Estate 10.98% 10.22% 7.45% 4.95% 6.26%

The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that your accumulation units, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. For investments with exceptional performance, please note that performance fluctuates and currently may be lower than noted here.

The account is subject to special risks including real estate investing risks, financial risk, market risk, income volatility risk and foreign investment risks.

1.
We estimate expenses for the year based on projected expense and asset levels. Differences between estimated and actual expenses are adjusted quarterly and reflected in current investment results.
2.
The Account’s total annual expense deduction appears in the Account's prospectus, and may be different than that shown herein due to rounding.  Please refer to the prospectus for further details.

TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, members FINRA and SIPC, distribute securities products. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please click here or call 877 518-9161 for a product and the underlying fund prospectuses that contains this and other information. Please read the prospectus carefully before investing. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, and are not a condition to any banking service or activity and may lose value.

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