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

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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
PEABODY ENERGY CORP	SDCV 4.750%12/1	704549AG9	6,005	8,000,000	SH		SOLE		8,000,000	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	24,372	399,143	SH		SOLE		399,143	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	15,322	356,650	SH		SOLE		356,650	0	0
BOISE CASCADE CO DEL	COM	09739D100	1,361	47,538	SH		SOLE		47,538	0	0
CIT GROUP INC	COM NEW	125581801	2,482	54,250	SH		SOLE		54,250	0	0
CALPINE CORP	COM NEW	131347304	53,054	2,228,216	SH		SOLE		2,228,216	0	0
EVERBANK FINL CORP	COM	29977G102	5,696	282,527	SH		SOLE		282,527	0	0
FEDERAL MOGUL HOLDINGS CORP	COM	313549404	42,847	2,118,016	SH		SOLE		2,118,016	0	0
GENERAL MTRS CO	COM	37045V100	442	12,175	SH		SOLE		12,175	0	0
GRACE W R & CO DEL NEW	COM	38388F108	17,467	184,773	SH		SOLE		184,773	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	18,405	419,142	SH		SOLE		419,142	0	0
MARKEL CORP	COM	570535104	21,370	32,594	SH		SOLE		32,594	0	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	1,255	66,837	SH		SOLE		66,837	0	0
SCYNEXIS INC	COM	811292101	12,440	1,551,161	SH		SOLE		1,551,161	0	0
TIME WARNER CABLE INC	COM	88732J207	30,188	204,939	SH		SOLE		204,939	0	0
TWITTER INC	COM	90184L102	983	23,996	SH		SOLE		23,996	0	0
PARTNERRE LTD	COM	G6852T105	22,554	206,518	SH		SOLE		206,518	0	0
TRONOX LTD	SHS CL A	Q9235V101	6,690	248,690	SH		SOLE		248,690	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	3,611	128,562	SH		SOLE		128,562	0	0
AGREE REALTY CORP	COM	008492100	957	31,670	SH		SOLE		31,670	0	0
ALEXANDERS INC	COM	014752109	1,681	4,549	SH		SOLE		4,549	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	12,327	158,767	SH		SOLE		158,767	0	0
AMERICAN ASSETS TR INC	COM	024013104	2,702	78,213	SH		SOLE		78,213	0	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	8,896	232,629	SH		SOLE		232,629	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	5,251	295,690	SH		SOLE		295,690	0	0
AMER RLTY CAP HEALTHCAR TR I	COM	02917R108	3,828	351,550	SH		SOLE		351,550	0	0
AMERICAN RLTY CAP PPTYS INC	COM	02917T104	25,271	2,016,867	SH		SOLE		2,016,867	0	0
AMERICAN RESIDENTIAL PPTYS I	COM	02927E303	755	40,280	SH		SOLE		40,280	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	79,441	882,879	SH		SOLE		882,879	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	10,475	324,603	SH		SOLE		324,603	0	0
ARMADA HOFFLER PPTYS INC	COM	04208T108	445	45,930	SH		SOLE		45,930	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	703	40,976	SH		SOLE		40,976	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	1,735	150,323	SH		SOLE		150,323	0	0
ASSOCIATED ESTATES RLTY CORP	COM	045604105	2,368	131,435	SH		SOLE		131,435	0	0
AVALONBAY CMNTYS INC	COM	053484101	40,863	287,380	SH		SOLE		287,380	0	0
AVIV REIT INC MD	COM	05381L101	1,856	65,870	SH		SOLE		65,870	0	0
BIOMED REALTY TRUST INC	COM	09063H107	9,324	427,097	SH		SOLE		427,097	0	0
BOSTON PROPERTIES INC	COM	101121101	39,846	337,165	SH		SOLE		337,165	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	5,430	348,099	SH		SOLE		348,099	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	2,127	92,700	SH		SOLE		92,700	0	0
CBL & ASSOC PPTYS INC	COM	124830100	7,221	380,047	SH		SOLE		380,047	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	13,421	188,626	SH		SOLE		188,626	0	0
CAMPUS CREST CMNTYS INC	COM	13466Y105	1,272	146,878	SH		SOLE		146,878	0	0
CATCHMARK TIMBER TR INC	CL A	14912Y202	359	26,250	SH		SOLE		26,250	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	1,109	177,495	SH		SOLE		177,495	0	0
CHAMBERS STR PPTYS	COM	157842105	4,290	533,610	SH		SOLE		533,610	0	0
CHATHAM LODGING TR	COM	16208T102	1,317	60,127	SH		SOLE		60,127	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	3,375	111,642	SH		SOLE		111,642	0	0
COLUMBIA PPTY TR INC	COM NEW	198287203	7,223	277,710	SH		SOLE		277,710	0	0
COMMONWEALTH REIT	COM SH BEN INT	203233101	6,923	263,028	SH		SOLE		263,028	0	0
CORESITE RLTY CORP	COM	21870Q105	1,612	48,733	SH		SOLE		48,733	0	0
CORENERGY INFRASTRUCTURE TR	COM	21870U205	361	48,680	SH		SOLE		48,680	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	5,079	182,623	SH		SOLE		182,623	0	0
CORRECTIONS CORP AMER NEW	COM NEW	22025Y407	8,146	247,990	SH		SOLE		247,990	0	0
COUSINS PPTYS INC	COM	222795106	5,111	410,496	SH		SOLE		410,496	0	0
CROWN CASTLE INTL CORP	COM	228227104	55,191	743,210	SH		SOLE		743,210	0	0
CUBESMART	COM	229663109	5,921	323,210	SH		SOLE		323,210	0	0
CYRUSONE INC	COM	23283R100	1,036	41,620	SH		SOLE		41,620	0	0
DCT INDUSTRIAL TRUST INC	COM	233153105	5,901	718,710	SH		SOLE		718,710	0	0
DDR CORP	COM	23317H102	11,984	679,738	SH		SOLE		679,738	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	5,650	440,687	SH		SOLE		440,687	0	0
DIGITAL RLTY TR INC	COM	253868103	17,566	301,192	SH		SOLE		301,192	0	0
DOUGLAS EMMETT INC	COM	25960P109	8,331	295,214	SH		SOLE		295,214	0	0
DUKE REALTY CORP	COM NEW	264411505	13,301	732,456	SH		SOLE		732,456	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	3,989	147,966	SH		SOLE		147,966	0	0
EPR PPTYS	COM SH BEN INT	26884U109	6,563	117,462	SH		SOLE		117,462	0	0
EASTGROUP PPTY INC	COM	277276101	4,481	69,759	SH		SOLE		69,759	0	0
EDUCATION RLTY TR INC	COM	28140H104	2,773	258,191	SH		SOLE		258,191	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	2,869	173,880	SH		SOLE		173,880	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	7,505	169,956	SH		SOLE		169,956	0	0
EQUITY ONE	COM	294752100	3,142	133,196	SH		SOLE		133,196	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	49,904	792,134	SH		SOLE		792,134	0	0
ESSEX PPTY TR INC	COM	297178105	25,539	138,117	SH		SOLE		138,117	0	0
EXCEL TR INC	COM	30068C109	1,350	101,275	SH		SOLE		101,275	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	12,891	242,082	SH		SOLE		242,082	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	17,925	148,236	SH		SOLE		148,236	0	0
FELCOR LODGING TR INC	COM	31430F101	2,991	284,615	SH		SOLE		284,615	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	4,676	248,203	SH		SOLE		248,203	0	0
FIRST POTOMAC RLTY TR	COM	33610F109	1,748	133,251	SH		SOLE		133,251	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	2,492	198,119	SH		SOLE		198,119	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	5,768	169,790	SH		SOLE		169,790	0	0
GENERAL GROWTH PPTYS INC NEW	COM	370023103	26,441	1,122,269	SH		SOLE		1,122,269	0	0
GETTY RLTY CORP NEW	COM	374297109	1,156	60,598	SH		SOLE		60,598	0	0
GLADSTONE COML CORP	COM	376536108	608	34,020	SH		SOLE		34,020	0	0
GLIMCHER RLTY TR	SH BEN INT	379302102	3,538	326,692	SH		SOLE		326,692	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	3,043	119,857	SH		SOLE		119,857	0	0
GRAMERCY PPTY TR INC	COM	38489R100	1,480	244,620	SH		SOLE		244,620	0	0
HCP INC	COM	40414L109	42,160	1,018,859	SH		SOLE		1,018,859	0	0
HEALTHCARE RLTY TR	COM	421946104	5,386	211,892	SH		SOLE		211,892	0	0
HEALTH CARE REIT INC	COM	42217K106	42,810	683,099	SH		SOLE		683,099	0	0
HEALTHCARE TR AMER INC	CL A	42225P105	6,355	527,820	SH		SOLE		527,820	0	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	2,594	386,553	SH		SOLE		386,553	0	0
HIGHWOODS PPTYS INC	COM	431284108	8,386	199,899	SH		SOLE		199,899	0	0
HOME PROPERTIES INC	COM	437306103	8,104	126,710	SH		SOLE		126,710	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	10,119	332,850	SH		SOLE		332,850	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	36,987	1,680,484	SH		SOLE		1,680,484	0	0
HUDSON PAC PPTYS INC	COM	444097109	3,133	123,652	SH		SOLE		123,652	0	0
INLAND REAL ESTATE CORP	COM NEW	457461200	2,029	190,919	SH		SOLE		190,919	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	2,221	241,151	SH		SOLE		241,151	0	0
ISHARES	U.S. REAL ES ETF	464287739	107,685	1,500,000	SH		SOLE		1,500,000	0	0
KILROY RLTY CORP	COM	49427F108	11,397	183,003	SH		SOLE		183,003	0	0
KIMCO RLTY CORP	COM	49446R109	20,706	901,023	SH		SOLE		901,023	0	0
KITE RLTY GROUP TR	COM	49803T102	1,798	292,773	SH		SOLE		292,773	0	0
LTC PPTYS INC	COM	502175102	3,054	78,226	SH		SOLE		78,226	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	8,182	231,852	SH		SOLE		231,852	0	0
LEXINGTON REALTY TRUST	COM	529043101	5,594	508,105	SH		SOLE		508,105	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	12,465	328,620	SH		SOLE		328,620	0	0
MACERICH CO	COM	554382101	20,858	312,472	SH		SOLE		312,472	0	0
MACK CALI RLTY CORP	COM	554489104	4,254	198,023	SH		SOLE		198,023	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	5,103	385,417	SH		SOLE		385,417	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	12,067	165,185	SH		SOLE		165,185	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	1,040	103,597	SH		SOLE		103,597	0	0
NATIONAL HEALTH INVS INC	COM	63633D104	4,104	65,594	SH		SOLE		65,594	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	10,200	274,270	SH		SOLE		274,270	0	0
NEW YORK REIT INC	COM	64976L109	4,044	365,630	SH		SOLE		365,630	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	10,360	281,073	SH		SOLE		281,073	0	0
ONE LIBERTY PPTYS INC	COM	682406103	610	28,607	SH		SOLE		28,607	0	0
PS BUSINESS PKS INC CALIF	COM	69360J107	3,677	44,040	SH		SOLE		44,040	0	0
PARKWAY PPTYS INC	COM	70159Q104	3,271	158,389	SH		SOLE		158,389	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	5,347	144,657	SH		SOLE		144,657	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	2,768	147,065	SH		SOLE		147,065	0	0
PHYSICIANS RLTY TR	COM	71943U104	997	69,250	SH		SOLE		69,250	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	6,603	348,612	SH		SOLE		348,612	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	17,766	393,917	SH		SOLE		393,917	0	0
POST PPTYS INC	COM	737464107	6,405	119,803	SH		SOLE		119,803	0	0
POTLATCH CORP NEW	COM	737630103	3,481	84,078	SH		SOLE		84,078	0	0
PROLOGIS INC	COM	74340W103	45,529	1,108,021	SH		SOLE		1,108,021	0	0
PUBLIC STORAGE	COM	74460D109	54,386	317,399	SH		SOLE		317,399	0	0
RLJ LODGING TR	COM	74965L101	8,499	294,194	SH		SOLE		294,194	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	2,533	152,400	SH		SOLE		152,400	0	0
RAYONIER INC	COM	754907103	9,986	280,889	SH		SOLE		280,889	0	0
REALTY INCOME CORP	COM	756109104	21,859	492,094	SH		SOLE		492,094	0	0
REGENCY CTRS CORP	COM	758849103	11,298	202,908	SH		SOLE		202,908	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	3,102	197,186	SH		SOLE		197,186	0	0
RETAIL PPTYS AMER INC	CL A	76131V202	8,012	520,915	SH		SOLE		520,915	0	0
REXFORD INDL RLTY INC	COM	76169C100	509	35,710	SH		SOLE		35,710	0	0
ROUSE PPTYS INC	COM	779287101	1,425	83,313	SH		SOLE		83,313	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	5,218	108,370	SH		SOLE		108,370	0	0
SL GREEN RLTY CORP	COM	78440X101	23,121	211,325	SH		SOLE		211,325	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	2,996	104,343	SH		SOLE		104,343	0	0
SAUL CTRS INC	COM	804395101	1,408	28,976	SH		SOLE		28,976	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	2,475	83,490	SH		SOLE		83,490	0	0
SENIOR HSG PPTYS TR	SH BEN INT	81721M109	10,971	451,667	SH		SOLE		451,667	0	0
SILVER BAY RLTY TR CORP	COM	82735Q102	1,340	82,090	SH		SOLE		82,090	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	114,915	691,096	SH		SOLE		691,096	0	0
SOVRAN SELF STORAGE INC	COM	84610H108	5,586	72,309	SH		SOLE		72,309	0	0
SPIRIT RLTY CAP INC NEW	COM	84860W102	9,719	855,541	SH		SOLE		855,541	0	0
STAG INDL INC	COM	85254J102	2,917	121,490	SH		SOLE		121,490	0	0
STARWOOD WAYPOINT RESIDENTL	COM SHS	85571W109	2,342	89,340	SH		SOLE		89,340	0	0
STRATEGIC HOTELS & RESORTS I	COM	86272T106	6,391	545,779	SH		SOLE		545,779	0	0
SUMMIT HOTEL PPTYS	COM	866082100	1,978	186,578	SH		SOLE		186,578	0	0
SUN CMNTYS INC	COM	866674104	4,355	87,386	SH		SOLE		87,386	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	6,075	406,906	SH		SOLE		406,906	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	7,424	212,284	SH		SOLE		212,284	0	0
TAUBMAN CTRS INC	COM	876664103	10,798	142,439	SH		SOLE		142,439	0	0
TERRENO RLTY CORP	COM	88146M101	1,364	70,574	SH		SOLE		70,574	0	0
UDR INC	COM	902653104	15,937	556,651	SH		SOLE		556,651	0	0
U M H PROPERTIES INC	COM	903002103	318	31,724	SH		SOLE		31,724	0	0
UNIVERSAL HEALTH RLTY INCM T	SH BEN INT	91359E105	1,268	29,158	SH		SOLE		29,158	0	0
URSTADT BIDDLE PPTYS INC	CL A	917286205	1,075	51,473	SH		SOLE		51,473	0	0
VENTAS INC	COM	92276F100	41,951	654,468	SH		SOLE		654,468	0	0
VORNADO RLTY TR	SH BEN INT	929042109	39,760	372,533	SH		SOLE		372,533	0	0
W P CAREY INC	COM	92936U109	12,038	186,930	SH		SOLE		186,930	0	0
WASHINGTON PRIME GROUP INC	COM	939647103	6,557	349,878	SH		SOLE		349,878	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	3,858	148,507	SH		SOLE		148,507	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	7,933	241,550	SH		SOLE		241,550	0	0
WEYERHAEUSER CO	COM	962166104	42,856	1,295,128	SH		SOLE		1,295,128	0	0
WHITESTONE REIT	COM	966084204	759	50,900	SH		SOLE		50,900	0	0
WINTHROP RLTY TR	SH BEN INT NEW	976391300	1,158	75,457	SH		SOLE		75,457	0	0
RSP PERMIAN INC	COM	74978Q105	350,675	10,816,626	SH		SOLE		10,816,626	0	0
TRIANGLE PETE CORP	COM NEW	89600B201	133,590	11,350,000	SH		SOLE		11,350,000	0	0
CRESCENT PT ENERGY CORP	COM	22576C101	335,828	7,577,609	SH		SOLE		7,577,609	0	0