Teachers Insurance And Annuity Association Of America - Real Estate Account Variable Annuity (QREARX) 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACADIA RLTY TR	COM SH BEN INT	004239109	3,452	139,832	SH		SOLE		139,832	0	0
AGREE REALTY CORP	COM	008492100	999	33,840	SH		SOLE		33,840	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	16,984	399,143	SH		SOLE		399,143	0	0
ALEXANDERS INC	COM	014752109	1,483	5,049	SH		SOLE		5,049	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	11,737	178,587	SH		SOLE		178,587	0	0
AMERICAN ASSETS TR INC	COM	024013104	2,683	86,953	SH		SOLE		86,953	0	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	10,872	267,389	SH		SOLE		267,389	0	0
AMERICAN RLTY CAP PPTYS INC	COM	02917T104	5,450	357,150	SH		SOLE		357,150	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	74,114	1,012,899	SH		SOLE		1,012,899	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	11,231	373,883	SH		SOLE		373,883	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	1,579	137,883	SH		SOLE		137,883	0	0
ASSOCIATED ESTATES RLTY CORP	COM	045604105	2,062	128,225	SH		SOLE		128,225	0	0
AVALONBAY CMNTYS INC	COM	053484101	44,545	330,180	SH		SOLE		330,180	0	0
AVIV REIT INC MD	COM	05381L101	847	33,500	SH		SOLE		33,500	0	0
BIOMED REALTY TRUST INC	COM	09063H107	9,995	494,067	SH		SOLE		494,067	0	0
BOSTON PROPERTIES INC	COM	101121101	40,811	386,945	SH		SOLE		386,945	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	5,485	405,669	SH		SOLE		405,669	0	0
BRE PROPERTIES INC	CL A	05564E106	9,789	195,698	SH		SOLE		195,698	0	0
CALPINE CORP	COM NEW	131347304	47,305	2,228,216	SH		SOLE		2,228,216	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	15,043	217,566	SH		SOLE		217,566	0	0
CAMPUS CREST CMNTYS INC	COM	13466Y105	1,867	161,828	SH		SOLE		161,828	0	0
CAPLEASE INC	COM	140288101	1,983	234,969	SH		SOLE		234,969	0	0
CBL & ASSOC PPTYS INC	COM	124830100	8,976	419,037	SH		SOLE		419,037	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	949	183,285	SH		SOLE		183,285	0	0
CHATHAM LODGING TR	COM	16208T102	726	42,257	SH		SOLE		42,257	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	2,572	123,712	SH		SOLE		123,712	0	0
CIT GROUP INC	COM NEW	125581801	2,530	54,250	SH		SOLE		54,250	0	0
COLONIAL PPTYS TR	COM SH BEN INT	195872106	4,955	205,434	SH		SOLE		205,434	0	0
COMMONWEALTH REIT	COM SH BEN INT	203233101	6,904	298,598	SH		SOLE		298,598	0	0
CORESITE RLTY CORP	COM	21870Q105	1,755	55,183	SH		SOLE		55,183	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	5,290	207,453	SH		SOLE		207,453	0	0
CORRECTIONS CORP AMER NEW	COM NEW	22025Y407	9,406	277,710	SH		SOLE		277,710	0	0
COUSINS PPTYS INC	COM	222795106	2,816	278,766	SH		SOLE		278,766	0	0
CUBESMART	COM	229663109	5,494	343,800	SH		SOLE		343,800	0	0
CYRUSONE INC	COM	23283R100	919	44,330	SH		SOLE		44,330	0	0
DCT INDUSTRIAL TRUST INC	COM	233153105	5,387	753,390	SH		SOLE		753,390	0	0
DDR CORP	COM	23317H102	10,765	646,568	SH		SOLE		646,568	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	4,565	489,827	SH		SOLE		489,827	0	0
DIGITAL RLTY TR INC	COM	253868103	19,938	326,852	SH		SOLE		326,852	0	0
DOUGLAS EMMETT INC	COM	25960P109	8,443	338,384	SH		SOLE		338,384	0	0
DUKE REALTY CORP	COM NEW	264411505	12,869	825,456	SH		SOLE		825,456	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	3,994	165,376	SH		SOLE		165,376	0	0
EASTGROUP PPTY INC	COM	277276101	4,417	78,499	SH		SOLE		78,499	0	0
EDUCATION RLTY TR INC	COM	28140H104	2,873	280,861	SH		SOLE		280,861	0	0
EPR PPTYS	COM SH BEN INT	26884U109	6,014	119,632	SH		SOLE		119,632	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	7,537	95,898	SH		SOLE		95,898	0	0
EQUITY ONE	COM	294752100	3,380	149,366	SH		SOLE		149,366	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	52,712	907,884	SH		SOLE		907,884	0	0
ESSEX PPTY TR INC	COM	297178105	15,480	97,409	SH		SOLE		97,409	0	0
EVERBANK FINL CORP	COM	29977G102	4,679	282,527	SH		SOLE		282,527	0	0
EXCEL TR INC	COM	30068C109	1,327	103,605	SH		SOLE		103,605	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	11,187	266,792	SH		SOLE		266,792	0	0
FEDERAL MOGUL CORP	COM	313549404	21,625	2,118,016	SH		SOLE		2,118,016	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	17,171	165,616	SH		SOLE		165,616	0	0
FELCOR LODGING TR INC	COM	31430F101	1,778	300,775	SH		SOLE		300,775	0	0
FIESTA RESTAURANT GROUP INC	COM	31660B101	13,849	403,093	SH		SOLE		403,093	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	4,231	278,903	SH		SOLE		278,903	0	0
FIRST POTOMAC RLTY TR	COM	33610F109	1,853	141,891	SH		SOLE		141,891	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	2,972	225,189	SH		SOLE		225,189	0	0
GENERAL GROWTH PPTYS INC NEW	COM	370023103	27,960	1,407,139	SH		SOLE		1,407,139	0	0
GEO GROUP INC	COM	36159R103	5,942	175,030	SH		SOLE		175,030	0	0
GETTY RLTY CORP NEW	COM	374297109	1,312	63,548	SH		SOLE		63,548	0	0
GLADSTONE COML CORP	COM	376536108	509	27,330	SH		SOLE		27,330	0	0
GLIMCHER RLTY TR	SH BEN INT	379302102	3,936	360,422	SH		SOLE		360,422	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	3,521	139,597	SH		SOLE		139,597	0	0
HCP INC	COM	40414L109	52,505	1,155,479	SH		SOLE		1,155,479	0	0
HEALTH CARE REIT INC	COM	42217K106	48,716	726,780	SH		SOLE		726,780	0	0
HEALTHCARE RLTY TR	COM	421946104	5,957	233,602	SH		SOLE		233,602	0	0
HEALTHCARE TR AMER INC	CL A	42225P105	1,234	109,880	SH		SOLE		109,880	0	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	2,353	417,113	SH		SOLE		417,113	0	0
HIGHWOODS PPTYS INC	COM	431284108	7,345	206,249	SH		SOLE		206,249	0	0
HOME PROPERTIES INC	COM	437306103	8,789	134,450	SH		SOLE		134,450	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	9,396	357,550	SH		SOLE		357,550	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	32,023	1,898,204	SH		SOLE		1,898,204	0	0
HUDSON PAC PPTYS INC	COM	444097109	2,383	111,982	SH		SOLE		111,982	0	0
INLAND REAL ESTATE CORP	COM NEW	457461200	2,208	216,059	SH		SOLE		216,059	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	2,206	256,491	SH		SOLE		256,491	0	0
ISHARES TR	DJ US REAL EST	464287739	99,585	1,500,000	SH		SOLE		1,500,000	0	0
KILROY RLTY CORP	COM	49427F108	10,260	193,543	SH		SOLE		193,543	0	0
KIMCO RLTY CORP	COM	49446R109	22,178	1,034,883	SH		SOLE		1,034,883	0	0
KITE RLTY GROUP TR	COM	49803T102	1,346	223,163	SH		SOLE		223,163	0	0
LAREDO PETE HLDGS INC	COM	516806106	514	25,000	SH		SOLE		25,000	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	5,941	240,542	SH		SOLE		240,542	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	8,836	419,142	SH		SOLE		419,142	0	0
LEXINGTON REALTY TRUST	COM	529043101	6,353	543,895	SH		SOLE		543,895	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	11,391	308,210	SH		SOLE		308,210	0	0
LTC PPTYS INC	COM	502175102	3,432	87,896	SH		SOLE		87,896	0	0
MACERICH CO	COM	554382101	21,325	349,762	SH		SOLE		349,762	0	0
MACK CALI RLTY CORP	COM	554489104	5,411	220,933	SH		SOLE		220,933	0	0
MARKEL CORP	COM	570535104	17,175	32,594	SH		SOLE		32,594	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	5,542	387,017	SH		SOLE		387,017	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	7,330	108,154	SH		SOLE		108,154	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	905	91,727	SH		SOLE		91,727	0	0
MPG OFFICE TR INC	COM	553274101	446	141,919	SH		SOLE		141,919	0	0
NATIONAL HEALTH INVS INC	COM	63633D104	3,806	63,584	SH		SOLE		63,584	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	10,319	299,960	SH		SOLE		299,960	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	9,245	298,033	SH		SOLE		298,033	0	0
ONE LIBERTY PPTYS INC	COM	682406103	807	36,747	SH		SOLE		36,747	0	0
PARKWAY PPTYS INC	COM	70159Q104	1,873	111,749	SH		SOLE		111,749	0	0
PARTNERRE LTD	COM	G6852T105	18,702	206,518	SH		SOLE		206,518	0	0
PEABODY ENERGY CORP	SDCV 4.750%12/1	704549AG9	5,208	7,500,000	SH		SOLE		7,500,000	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	3,977	153,837	SH		SOLE		153,837	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	3,059	162,035	SH		SOLE		162,035	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	7,687	429,902	SH		SOLE		429,902	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	19,390	415,477	SH		SOLE		415,477	0	0
POST PPTYS INC	COM	737464107	6,842	138,253	SH		SOLE		138,253	0	0
POTLATCH CORP NEW	COM	737630103	3,868	95,648	SH		SOLE		95,648	0	0
PROLOGIS INC	COM	74340W103	48,019	1,273,051	SH		SOLE		1,273,051	0	0
PS BUSINESS PKS INC CALIF	COM	69360J107	3,316	45,950	SH		SOLE		45,950	0	0
PUBLIC STORAGE	COM	74460D109	55,993	365,179	SH		SOLE		365,179	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	2,295	147,780	SH		SOLE		147,780	0	0
RAYONIER INC	COM	754907103	17,638	318,439	SH		SOLE		318,439	0	0
REALTY INCOME CORP	COM	756109104	21,052	502,204	SH		SOLE		502,204	0	0
REGENCY CTRS CORP	COM	758849103	11,861	233,448	SH		SOLE		233,448	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	2,352	169,226	SH		SOLE		169,226	0	0
RETAIL PPTYS AMER INC	CL A	76131V202	6,687	468,255	SH		SOLE		468,255	0	0
RLJ LODGING TR	COM	74965L101	7,024	312,314	SH		SOLE		312,314	0	0
ROUSE PPTYS INC	COM	779287101	1,159	59,073	SH		SOLE		59,073	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	5,304	135,960	SH		SOLE		135,960	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	2,491	95,403	SH		SOLE		95,403	0	0
SAUL CTRS INC	COM	804395101	1,455	32,736	SH		SOLE		32,736	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	1,189	42,400	SH		SOLE		42,400	0	0
SENIOR HSG PPTYS TR	SH BEN INT	81721M109	12,516	482,667	SH		SOLE		482,667	0	0
SILVER BAY RLTY TR CORP	COM	82735Q102	1,650	99,630	SH		SOLE		99,630	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	123,793	783,896	SH		SOLE		783,896	0	0
SL GREEN RLTY CORP	COM	78440X101	20,535	232,855	SH		SOLE		232,855	0	0
SOVRAN SELF STORAGE INC	COM	84610H108	5,245	80,959	SH		SOLE		80,959	0	0
SPIRIT RLTY CAP INC	COM	84860F109	3,559	200,825	SH		SOLE		200,825	0	0
STAG INDL INC	COM	85254J102	2,192	109,870	SH		SOLE		109,870	0	0
STRATEGIC HOTELS & RESORTS I	COM	86272T106	3,859	435,509	SH		SOLE		435,509	0	0
SUMMIT HOTEL PPTYS	COM	866082100	1,453	153,738	SH		SOLE		153,738	0	0
SUN CMNTYS INC	COM	866674104	4,395	88,326	SH		SOLE		88,326	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	4,943	409,166	SH		SOLE		409,166	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	8,088	241,714	SH		SOLE		241,714	0	0
TARGA RES CORP	COM	87612G101	1,279	19,875	SH		SOLE		19,875	0	0
TAUBMAN CTRS INC	COM	876664103	12,214	162,529	SH		SOLE		162,529	0	0
TERRENO RLTY CORP	COM	88146M101	828	44,684	SH		SOLE		44,684	0	0
TIME WARNER CABLE INC	COM	88732J207	23,052	204,939	SH		SOLE		204,939	0	0
TRONOX LTD	SHS CL A	Q9235V101	5,011	248,690	SH		SOLE		248,690	0	0
U M H PROPERTIES INC	COM	903002103	326	31,724	SH		SOLE		31,724	0	0
UDR INC	COM	902653104	16,349	641,381	SH		SOLE		641,381	0	0
UNIVERSAL HEALTH RLTY INCM T	SH BEN INT	91359E105	1,371	31,798	SH		SOLE		31,798	0	0
URSTADT BIDDLE PPTYS INC	CL A	917286205	1,187	58,833	SH		SOLE		58,833	0	0
VENTAS INC	COM	92276F100	52,216	751,738	SH		SOLE		751,738	0	0
VORNADO RLTY TR	SH BEN INT	929042109	35,334	426,483	SH		SOLE		426,483	0	0
W P CAREY INC	COM	92936U109	9,851	148,880	SH		SOLE		148,880	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	4,517	167,867	SH		SOLE		167,867	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	8,542	277,600	SH		SOLE		277,600	0	0
WEYERHAEUSER CO	COM	962166104	39,376	1,382,088	SH		SOLE		1,382,088	0	0
WHITESTONE REIT	COM	966084204	724	45,930	SH		SOLE		45,930	0	0
WINTHROP RLTY TR	SH BEN INT NEW	976391300	802	66,697	SH		SOLE		66,697	0	0