Teachers Insurance and Annuity Association of America

Teachers Insurance & Annuity Association Of America as of Dec. 31, 2005

Portfolio Holdings for Teachers Insurance & Annuity Association Of America

Teachers Insurance & Annuity Association Of America holds 70 positions in its portfolio as reported in the December 2005 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Simon Property (SPG) 5.5 $23M 306k 76.63
STARWOOD HOTELS & Resorts 5.2 $22M 350k 63.86
Archstone Smith Tr 4.4 $19M 450k 41.89
ProLogis 4.4 $19M 400k 46.72
Developers Diversified Realty 4.2 $18M 380k 47.02
Mack-Cali Realty (VRE) 4.0 $17M 400k 43.20
Vornado Realty Trust (VNO) 3.9 $17M 200k 83.47
Feldman Mall Pptys 3.9 $16M 1.4M 12.01
Regency Centers Corporation (REG) 3.3 $14M 236k 58.95
Lodgian 3.2 $14M 1.3M 10.73
Deerfield Triarc Cap Corp 3.1 $13M 976k 13.70
Parkway Properties 3.1 $13M 328k 40.14
AMERICAN FINANCIAL Realty Trus Com Reit 2.6 $11M 919k 12.00
Extra Space Storage (EXR) 2.1 $8.9M 581k 15.40
Brookfield Ppty Corp Cad 1.9 $7.9M 270k 29.42
Gramercy Capital 1.9 $7.9M 349k 22.78
Education Realty Trust 1.8 $7.7M 600k 12.89
LaSalle Hotel Properties 1.7 $7.3M 200k 36.72
Kkr Financial Corp equs 1.7 $7.2M 300k 23.99
Equity Residential (EQR) 1.6 $7.0M 180k 39.12
Carramerica Rlty 1.6 $6.7M 194k 34.63
Kite Realty Group Trust 1.5 $6.6M 426k 15.47
Duke Realty Corporation 1.5 $6.5M 193k 33.40
Gmh Communities Trust Reit 1.5 $6.3M 405k 15.51
Cedar Shopping Centers 1.4 $6.0M 424k 14.07
Host Hotels & Resorts (HST) 1.3 $5.7M 300k 18.95
Affordable Residential Communi 1.2 $5.2M 550k 9.53
General Growth Properties 1.2 $5.2M 110k 46.99
Hersha Hospitality Trust 1.2 $5.1M 562k 9.01
Macerich Company (MAC) 1.2 $5.0M 75k 67.15
Cogdell Spencer 1.1 $4.7M 280k 16.89
Republic Property Trust 1.1 $4.6M 384k 12.00
LTC Properties (LTC) 1.0 $4.2M 200k 21.03
Jameson Inns 1.0 $4.2M 2.0M 2.15
Mortgageit Hldgs 1.0 $4.1M 300k 13.66
Origen Finl 0.9 $3.7M 525k 7.12
AvalonBay Communities (AVB) 0.8 $3.6M 40k 89.25
Kimco Realty Corporation (KIM) 0.8 $3.5M 108k 32.08
Homebanc Corp Ga 0.8 $3.4M 450k 7.48
Newcastle Investment 0.8 $3.2M 130k 24.85
Home Properties 0.8 $3.3M 80k 40.80
Great Wolf Resorts 0.7 $3.1M 300k 10.31
Ventas (VTR) 0.7 $3.0M 95k 32.02
First Potomac Realty Trust 0.7 $3.0M 112k 26.60
iStar Financial 0.7 $2.9M 80k 35.65
Novastar Finl 0.7 $2.8M 100k 28.11
Monmouth R.E. Inv 0.6 $2.7M 331k 8.02
RAIT Financial Trust 0.6 $2.6M 100k 25.92
Lexington Realty Trust (LXP) 0.6 $2.6M 120k 21.30
Sunset Financial Resources I 0.6 $2.6M 304k 8.48
ECC Capital Corporation (ECRO) 0.6 $2.5M 1.1M 2.26
Centerpoint Pptys Tr 0.6 $2.5M 50k 49.48
United Dominion Rlty Tr 0.6 $2.3M 100k 23.44
Public Storage (PSA) 0.5 $2.0M 30k 67.73
Medical Properties Trust (MPW) 0.5 $2.0M 200k 9.78
AMB Property Corporation 0.4 $1.8M 37k 49.18
TRUST INC COM Reit 0.4 $1.7M 100k 16.95
Highland Hospitality Corp 0.4 $1.7M 150k 11.05
Mills Corp. 0.4 $1.7M 40k 41.95
Ashford Hospitality Trust 0.4 $1.6M 150k 10.49
Hilton Hotels Corporation 0.3 $1.4M 60k 24.12
Thomas Properties 0.3 $1.4M 111k 12.51
Bimini Mtg Mgmt Inc cl a 0.3 $1.4M 150k 9.05
BRE Properties 0.3 $1.4M 30k 45.47
Interstate Hotels & Resorts 0.3 $1.3M 300k 4.37
Trizec Properties 0.3 $1.1M 50k 22.92
American Campus Communities 0.2 $992k 40k 24.80
Mission West Properties 0.2 $974k 100k 9.74
Aames Investment 0.1 $485k 75k 6.47
Windrose Med Pptys Tr 0.0 $14k 944.00 14.83