<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000946155
<NAME> TIAA REAL ESTATE ACCOUNT
<MULTIPLIER> 1

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             APR-01-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                    1,941,323,004
<INVESTMENTS-AT-VALUE>                   1,998,440,751
<RECEIVABLES>                                        0
<ASSETS-OTHER>                              28,771,633
<OTHER-ITEMS-ASSETS>                           289,647
<TOTAL-ASSETS>                           2,027,502,031
<PAYABLE-FOR-SECURITIES>                       467,990
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   25,409,911
<TOTAL-LIABILITIES>                         25,877,901
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                       12,925,942
<SHARES-COMMON-PRIOR>                       12,089,729
<ACCUMULATED-NII-CURRENT>                            0
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                             2,001,624,130
<DIVIDEND-INCOME>                            1,793,216
<INTEREST-INCOME>                            6,377,999
<OTHER-INCOME>                              30,580,364
<EXPENSES-NET>                              (2,606,515)
<NET-INVESTMENT-INCOME>                     36,145,064
<REALIZED-GAINS-CURRENT>                        58,263
<APPREC-INCREASE-CURRENT>                   14,044,336
<NET-CHANGE-FROM-OPS>                       50,247,663
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        836,213
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     176,888,415
<ACCUMULATED-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                        1,069,798
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,606,515
<AVERAGE-NET-ASSETS>                     1,889,745,038
<PER-SHARE-NAV-BEGIN>                          146.036
<PER-SHARE-NII>                                  2.835
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<PER-SHARE-NAV-END>                            149.942
<EXPENSE-RATIO>                                  0.140