TIAA Real Estate Account: issues $150,000,000 of 5.84% notes due Sep 28, 2031

What happened

• The filing says that on Sep 28, 2026, Teachers Insurance and Annuity Association of America (TIAA), on behalf of the TIAA Real Estate Account, entered into a Note Purchase Agreement with certain qualified institutional purchasers and agreed to issue $150,000,000 in aggregate principal amount of 5.84% series F senior notes due Sep 28, 2031. The closing of the Note Purchase Agreement occurred on Sep 28, 2026.
• The filing says the Notes are unsecured obligations of the Company, were sold pursuant to an applicable statutory exemption from registration under the Securities Act of 1933, and that the Note Purchase Agreement permits use of proceeds for general corporate purposes.

Key details

• $150,000,000 aggregate principal amount of 5.84% series F senior notes due Sep 28, 2031.
• Interest at 5.84% per annum, payable semi-annually in March and September, with maturity on Sep 28, 2031.
• Notes are unsecured and were sold under a statutory exemption from registration; closing occurred on Sep 28, 2026.
• The Note Purchase Agreement includes change-of-control repayment provisions, optional redemption terms (in amounts not less than 5% of the aggregate principal amount) at par plus accrued interest and, if redeemed on or before 90 days prior to maturity, a make-whole premium, plus financial covenants (maximum total leverage ratio, fixed charges ratio, unencumbered leverage ratio, minimum unsecured interest coverage ratio and maximum secured debt ratio) and customary events of default and remedies.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement) describing the Note Purchase Agreement and Item 2.03 (creation of a direct financial obligation) relating to the Notes, and it details representations, covenants, reporting requirements, events of default and remedies contained in the agreement. The filing does not show why the insider traded or why the company acted.