Using TIAA-CREF similar to self-directed IRA?

[Darin L.]

My wife has a significant balance in her TIAA-CREF account (she is a college professor). Has anyone successfully used TIAA-CREF as a method to purchase real estate similar to using a self-directed IRA? TIAA-CREF is called a pension and seems to work similar to an IRA. I called their service line and was told they dont do that but to be honest I dont think the rep really understand my question so I am just seeing what this forum thinks. thank you for your time and any thoughts!

[Dmitriy Fomichenko]

Darin,

TIAA-CREF is a custodian offering conventional investment options only. You can't use that to invest in alternative assets such as real estate. She needs to rollover her account to self-directed IRA with a custodian allowing alternative investments and then she would be able to invest her IRA funds into real estate.