UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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 May 14,1999
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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:2
Form 13F Information Table Entry Total:44
Form 13F Information Table Value Total:$309732
(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
<PAGE>
<TABLE>
<CAPTION>
FORM 13-F TABLE
(X1000)
NAME OF ISSUER TITLECUSIP VALUESHRS/AMT SH/PT INV
DISCR VOTING AUTHORITY
SOLE
<S> <C> <C> <C> <C> <C> <C>
<C>
AAVID THERMAL TECHNOLOGIE COM 002539104 1891 137500 SH
DEFINED 137500
AMB PROPERTIES COM 00163T109 3113 150000 SH
DEFINED 150000
AVALON PROPERTIES, INC COM 053484101 3897 250000 SH DEFINED
250000
BANCO BILBAO VIZCAYA INTL COM 059456103 20000800000 SH
DEFINED 800000
BANCO BILBAO VIZCAYA INTL PRF 059456202 12625500000 SH DEFINED
500000
BOSTON PROPERTIES COM 101121101 4744 150000 SH DEFINED
150000
BRADLEY REAL ESTATE COM 104580105 3081 170000 SH
DEFINED 170000
BRANDYWINE REALTY TR COM 105368203 2438 150000 SH
DEFINED 150000
CAMDEN PROPERTY TRUST COM 133131102 1980 80000 SH DEFINED
80000
CBS INC COM 12490K107 35763876253 SH DEFINED
876253
CENTERPOINT PPTYS COM 151895109 6879 220000 SH DEFINED
220000
CHARLES E SMITH RESLT COM 832197107 1541 50000 SH DEFINED
50000
COLONIAL PROPERTIES COM 195872106 2423 95000 SH DEFINED
95000
CONCURRRENT COMPUTER CORP COM 206710204 6068 1516938 SH
DEFINED 1516938
CORNERSTONE PROP. COM 21922H103 7029 480600 SH DEFINED
480600
CORPORATE OFFICE PRO COM 22002T108 728 113100 SH
DEFINED 113100
DUKE REALTY INVTS COM 264411505 6656 309600 SH DEFINED
309600
EQUITY OFFICE PPTY COM 294741103 6733 265000 SH
DEFINED 265000
EQUITY RES PROP TR COM 29476L107 11550280000 SH DEFINED
280000
EXCEL LEGACY CORP COM 300665106 268 77966 SH DEFINED
77966
FRIEDMANS INC COM 358438109 3864 429323 SH
DEFINED 429323
HOSPITALITY PROP TR COM 44106M102 2165 80000 SH DEFINED
80000
LASALLE HOTEL PROP COM 517942108 901 68000 SH DEFINED
68000
LONE STAR INC COM 542290408 5066 163408 SH
DEFINED 163408
LONE STAR INC WT 542290119 7052 162111 SH
DEFINED 162111
MACERICH CO(THE) COM 554382101 5225 230300 SH DEFINED
230300
NEW PLAN EXCEL COM 648053106 1335 69559 SH DEFINED
69559
PARAMETRIC TECHNOLOGY COM 699173100 36 1847 SH DEFINED
1847
POST PROPERTIES, INC COM 737464107 3600 100000 SH
DEFINED 100000
PUBLIC STORAGE, INC COM 74460D109 6482 256400 SH
DEFINED 256400
RECKSON ASSOC REALTY COM 75621K106 2468 120000 SH
DEFINED 120000
ROUSE CO, THE COM 779273101 793393575782 SH
DEFINED 3575782
SIMON PROPERTY, GRP COM 828806109 12121460000 SH DEFINED
460000
SPIEKER PROPERTIES COM 848497103 7458 210000 SH
DEFINED 210000
STARWOOD HOTELS COM 85590A203 5695 190000 SH
DEFINED 190000
STORAGE USA, INC COM 861907103 1986 70000 SH DEFINED
70000
TAUBMAN CENTERS, INC COM 876664103 2606 212700 SH
DEFINED 212700
TRINET CORP RLTY COM 896287109 5335 212000 SH DEFINED
212000
URBAN SHOPPING CENTER COM 917060105 5075 180400 SH DEFINED
180400
VICORP RESTAURANTS COM 925817108 231 14407 SH DEFINED
14407
VORNADO REALTY PRF 929042208 2303 47000 SH DEFINED
47000
WEEKS CORP COM 94856P102 3856 135000 SH
DEFINED 135000
WENDYS FINANCING PRF 950588202 2120 40000 SH DEFINED
40000
WHX CORP COM 929248102 6 782 SH
DEFINED 782
</TABLE>
