Not much as most everyone knows. I reviewed my TIAA account and was surprised to find that the only fund available to me (including the MMF) that is up YTD is Real Estate. Not only is it up about 1.64% YTD, but it clocked +17.8% for the past year. Two years ago my advisor had me dump my modest holding on the assumption that urban RE would suffer permanent damage from the pandemic.
A quick look at mainstream RE ETFs revealed -8 to -10% losses YTD. QREARX is an interval fund and I believe many of its holdings are commercial properties that TIAA itself owns in part or in whole. Anyone here with RE funds that are up?