Real Estate Forum: Forum 100
TIAA-CREF
Owner/Investor | Honorable Mention
Company:   TIAA-CREF
Address: 730 Third Avenue
City: New York
State: NY
Zip:   10017-3206
Phone: 1 800 842 2252
Fax: NA
Email: NA
Website: www.tiaa-cref.org
Key Executive  
1. Name: Thomas Garbutt
    Title: Managing Director, Global Real Estate
2. Name: Mark Wood  
    Title: Managing Director, Real Estate Asset Management
3. Name: Philip Mc Andrews  
    Title: Managing Director, Real Estate Portfolio Management
4. Name:
    Title:
*Number of Offices: 3 main headquarters
*Number of Employees: 6,547
*Gross Revenues Fiscal Year 2006: 0.0 million
*Projected Revenues Fiscal Year 2007: 0.0 million
Selected Areas of Specialization: NA
Company Overview: As a seller, purchaser, shareholder and lender, the TIAA-CREF organization is one of the most active real estate investors in the country whose professionals have an extensive network of real estate relationships. TIAA-CREF is the largest U.S. tax-exempt real estate manager with more than $71 billion in assets under management and invests at least $100 million in each of the 50 regional markets, including all five property types for broad diversification. The TIAA-CREF organization has more than 60 years of real estate investment expertise, including more than 140 in-house real estate professionals whom provide acquisition, portfolio management, asset management, client service, administration financial accounting and research. The Real Estate research team develops internal property type and geographic market forecasts using a variety of propriety processes and data sources combined with commercially available tools. Forecasts are fully reviewed on an annual basis as part of the strategic planning process.
*Total Portfolio Size: N/A
Number of buildings: 235 properties
Square Footage: 144,224,197
Number of Units/Rooms: 12,463
*Total Value of Portfolio: 21.9 billion
Percentage by Property Type:  
Office: 34 %
Industrial: 38 %
Retail: 16 %
Apartments: 9 %
Hotels: 0 %
Other: 3 %
(Please specify) Land,Storage
Percentage by Geographic Area:  
Northeast: 23 %
Southeast: 37 %
Midwest: 8 %
Southwest: 22 %
West: 3 %
International: 7 %
Total Acquisitions in 2006:  
Number of buildings: 34 properties
Square Footage: 12,858,754
Number of Units/Rooms: 4,471
Total Value of Acquisitions in 2006:   2.8 billion  
Total Dispositions in 2006:  
Number of buildings: 30 properties
Square Footage: 17,940,382
Number of Units/Rooms: 866
Total Value of Acquisitions in 2006: 1.4 billion