Martha S. Peyton, Head of Global Real Estate Strategy & Research
This commentary is prepared by TIAA-CREF Asset Management and represents the views of TIAA-CREF’s Global Real Estate Group as of March 2012. These views may change in response to changing economic and market conditions. Past performance is not indicative of future results. The material is for 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. Certain products and services may not be available to all entities or persons. Data is as of 03/31/2012 unless noted otherwise.
Real estate investing risks include fluctuations in property values, higher expenses or lower income than expected, higher interest rates which affect leveraged investments, and potential environmental problems and liability.
TIAA-CREF Global Real Estate personnel provide investment advice and portfolio management services through the following entities: Teachers Advisors, Inc., TIAA-CREF Investment Management, LLC, and Teachers Insurance and Annuity Association. Teachers Advisors, Inc. is a registered investment adviser and wholly owned subsidiary of Teachers Insurance and Annuity Association.
Please note that the index returns presented do not reflect transaction costs or portfolio management fees associated with real estate investing.
Past performance does not guarantee future results.