Deloitte & Touche LLP - ----------- --------------------------------------------------------- [logo] Two World Financial Center Telephone: (212) 436-2000 New York, New York 10281-1414 Facsimile: (212) 436-5000 May 28, 1997 Securities and Exchange Commission Mail Stop 9-5 450 5th Street, N.W. Washington, D.C. 20549 Dear Sirs/Madams: We have read and agree with the comments in Item 4 of Form 8-K of TIAA Real Estate Account dated May 28, 1997. Yours truly, /s/ DELOITTE & TOUCHE, LLP - --------------- Deloitte Touche Tohmatsu International - ---------------