DEVELOPERS DIVERS REALTY CRP

CUSIP: 251591103 Class: COMMON STOCK

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

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

Q1 2008
Shares 199,400 Value ($000) $8,351 Avg Close — Range —
Q4 2007
Shares 205,000 Value ($000) $7,849 Avg Close — Range —
Q3 2007
Shares 208,100 Value ($000) $11,627 Avg Close — Range —
Q2 2007
Shares 222,500 Value ($000) $11,728 Avg Close — Range —
Q1 2007
Shares 200,400 Value ($000) $12,605 Avg Close — Range —
Q4 2006
Shares 204,000 Value ($000) $12,842 Avg Close — Range —
Q3 2006
Shares 204,000 Value ($000) $11,375 Avg Close — Range —
Q2 2006
Shares 204,000 Value ($000) $10,645 Avg Close — Range —
Q1 2006
Shares 380,000 Value ($000) $20,805 Avg Close — Range —
Q4 2005
Shares 380,000 Value ($000) $17,868 Avg Close — Range —
Q3 2005
Shares 434,000 Value ($000) $20,268 Avg Close — Range —
Q2 2005
Shares 434,000 Value ($000) $19,947 Avg Close — Range —
Q1 2005
Shares 434,000 Value ($000) $17,252 Avg Close — Range —
Q4 2004
Shares 434,000 Value ($000) $19,257 Avg Close — Range —
Q3 2004
Shares 150,000 Value ($000) $5,873 Avg Close — Range —
Q2 2004
Shares 200,000 Value ($000) $7,074 Avg Close — Range —