Largest Commercial Landowner in the U.S.?

Wednesday, April 18, 2007 | 10:00 AM

Who is the largest commercial landowner in the US?

That was a discussion we had recently -- various REITs, Builders, Governments, etc. private equity were all tossed out as possibilities.

When a knowledgable person put forth their answer, it totally suprised me: TIAA-Cref (known casually as "Teachers"). They run over $400 billion dollars, which is no small amount of change.

Apparently, long before REITs were all-the-rage, Teachers started owning major commerical properties directly (on behalf of their shareholders).

I'd love to verify this somewhere, if anyone can . . .

Wednesday, April 18, 2007 | 10:00 AM | Permalink | Comments (32) | TrackBack (0)
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Comments

I remember McDonald's being the answer to a trivia question about who is the largest non-government land owner after the Catholic church. Don't know if it's true.

Posted by: Ben | Apr 18, 2007 10:25:22 AM

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