CRESCENT REAL ESTATE EQUITIE

CUSIP: 225756105 Class: COM

TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA's Holding History (CIK: 0000315038)

Note: Option positions (PUT/CALL) are excluded.

Q2 2007

Shares 175,000 Value ($000) $3,927 Avg Close — Range —

Q1 2007

Shares 179,000 Value ($000) $3,591 Avg Close — Range —

Q4 2006

Shares 179,000 Value ($000) $3,535 Avg Close — Range —

Q3 2006

Shares 179,000 Value ($000) $3,904 Avg Close — Range —

Q2 2006

Shares 179,000 Value ($000) $3,322 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2007	175,000	$3,927	—	—
Q1 2007	179,000	$3,591	—	—
Q4 2006	179,000	$3,535	—	—
Q3 2006	179,000	$3,904	—	—
Q2 2006	179,000	$3,322	—	—