UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30 1999
Check here if Amendment [ ]; Amendment Number
This Amendment (check only one.) [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Teachers Insurance and Annuity Association of America
Address: 730 Third Ave
New York, New York 10017
13F File Number: 28-331
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules , lists, and tables, are considered integral parts of
this form.
Person signing this report on Behalf of Reporting Manager:
Name: Michael T. O Kane
Title: Senior Managing Director
Phone: 212-916-4345
Signature, Place, and Date of Signing:
Michael T. O Kane New York, NY August 13 1999
Report Type(Check only one)
[ ] 13F Holdings Report
[ ] 13F Notice
[ x] 13f Combination Report
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:2
Form 13F Information Table Entry Total:51
Form 13F Information Table Value Total:$450202(thousands)
List of Other Included Managers:
No. 13F File Number Name
01 28-4800 Teachers Advisors, Inc.
02 28-3194 TIAA-CREF Investment Management LLC
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<TABLE>
<CAPTION>
FORM 13-F TABLE
(X1000)
NAME OF ISSUER TITLE CUSIP VALUE
SHRS/AMT
SH/PT/CALL INV DISCRETION OTHER MGRS VOTING
AUTH(SOLE)
<S> <C> <C> <C> <C>
<C> <C> <C> <C> <C> <C>
AAVID THERMAL TECHNOLOGIES COM 002539104 3111 137500
SH DEFINED 137500
ALEXANDRIA REAL ESTATE COM 015271109 1680 55600
SH DEFINED 55600
AMB PROPERTIES COM 00163T109 19552 832000
SH DEFINED 832000
APARTMENT INVESTMENT COM 03748R101 12398 290000
SH DEFINED 290000
AVALON PROPERTIES, INC COM 053484101 8033 217100
SH DEFINED 217100
BANCO BILBAO VIZCAYA INTL COM 059456103 20000 800000
SH DEFINED 800000
BANCO BILBAO VIZCAYA INTL PRF 059456202 12625 500000
SH DEFINED 500000
BOSTON PROPERTIES COM 101121101 13004 362500
SH DEFINED 362500
BRADLEY REAL ESTATE COM 104580105 2490 120000
SH DEFINED 120000
BRANDYWINE REALTY TR COM 105368203 2972 150000
SH DEFINED 150000
CABOT INDUSTRIAL TRUST COM 127072106 1960 92900
SH DEFINED 92900
CAMDEN PROPERTY TRUST COM 133131102 2220 80000
SH DEFINED 80000
CBS INC COM 12490K107 38172 876253
SH DEFINED 876253
CENTERPOINT PPTYS COM 151895109 11467 313100
SH DEFINED 313100
CHARLES E SMITH RESLT COM 832197107 5355 157800
SH DEFINED 157800
COLONIAL PROPERTIES COM 195872106 2684 95000
SH DEFINED 95000
CONCURRRENT COMPUTER CORP COM 206710204 9576 1516938
SH DEFINED 1516938
CORNERSTONE PROP. COM 21922H103 13653 860000
SH DEFINED 860000
CORPORATE OFFICE PRO COM 22002T108 926 113100
SH DEFINED 113100
DUKE REALTY INVTS COM 264411505 6985 309600
SH DEFINED 309600
EQUITY OFFICE PPTY COM 294741103 23511 917500
SH DEFINED 917500
EQUITY RES PROP TR COM 29476L107 18025 400000
SH DEFINED 400000
FELCOR LODGING TRUST COM 31430F1011 1038 50000
SH DEFINED 50000
FRIEDMANS INC COM 358438109 3730 429323
SH DEFINED 429323
FURRS BISHOP INCORP COM 361115504 6998 8607637
SH DEFINED 8607637
HOSPITALITY PROP TR COM 44106M102 2170 80000
SH DEFINED 80000
HOST MARRIOT COM 44107P104 238 20000
SH DEFINED 20000
LASALLE HOTEL PROP COM 517942108 1041 68000
SH DEFINED 68000
LONE STAR INC COM 542290408 6138 163408
SH DEFINED 163408
LONE STAR INC WT 542290119 9240 162111
SH DEFINED 162111
MACERICH CO(THE) COM 554382101 14700 560000
SH DEFINED 560000
MACK-CALI REALTY COM 554489104 3223 100000
SH DEFINED 100000
NEW PLAN EXCEL COM 648053106 1252 69559
SH DEFINED 69559
PARAMETRIC TECHNOLOGY COM 699173100 26 1847
SH DEFINED 1847
PUBLIC STORAGE, INC COM 74460D109 8234 301400
SH DEFINED 301400
RECKSON ASSOC REALTY COM 75621K106 5891 250000
SH DEFINED 250000
ROUSE CO, THE COM 779273101 90834 3579682
SH DEFINED 3579682
SIMON PROPERTY, GRP COM 828806109 14954 590000
SH DEFINED 590000
SPIEKER PROPERTIES COM 848497103 11663 300000
SH DEFINED 300000
STARWOOD HOTELS COM 85590A203 15731 514700
SH DEFINED 514700
STORAGE USA, INC COM 861907103 2231 70000
SH DEFINED 70000
TAUBMAN CENTERS, INC COM 876664103 3297 250000
SH DEFINED 250000
TRINET CORP RLTY COM 896287109 4484 162000
SH DEFINED 162000
URBAN SHOPPING CENTER COM 917060105 7258 230400
SH DEFINED 230400
VICORP RESTAURANTS COM 925817108 250 339400
SH DEFINED 339400
WEEKS CORP COM 94856P102 4118 135000
SH DEFINED 135000
WENDYS FINANCING PRF 950588202 1060 20000
SH DEFINED 20000
WHX CORP COM 929248102 5 782
SH DEFINED 782
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