HERSHA HOSPITALITY TR

CUSIP: 427825104 Class: CMN

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

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

Q1 2015
Shares 386,553 Value ($000) $2,501 Avg Close — Range —
Q4 2014
Shares 386,553 Value ($000) $2,717 Avg Close — Range —
Q3 2014
Shares 386,553 Value ($000) $2,462 Avg Close — Range —
Q2 2014
Shares 386,553 Value ($000) $2,594 Avg Close — Range —
Q1 2014
Shares 417,633 Value ($000) $2,435 Avg Close — Range —
Q4 2013
Shares 426,743 Value ($000) $2,377 Avg Close — Range —
Q3 2013
Shares 441,823 Value ($000) $2,470 Avg Close — Range —
Q2 2013
Shares 417,113 Value ($000) $2,353 Avg Close — Range —
Q1 2008
Shares 70,900 Value ($000) $640 Avg Close — Range —
Q4 2007
Shares 70,900 Value ($000) $674 Avg Close — Range —
Q3 2007
Shares 70,900 Value ($000) $702 Avg Close — Range —
Q2 2007
Shares 70,900 Value ($000) $838 Avg Close — Range —
Q1 2007
Shares 59,500 Value ($000) $701 Avg Close — Range —
Q4 2006
Shares 59,500 Value ($000) $675 Avg Close — Range —
Q1 2006
Shares 562,000 Value ($000) $5,502 Avg Close — Range —
Q4 2005
Shares 562,000 Value ($000) $5,064 Avg Close — Range —
Q3 2005
Shares 562,000 Value ($000) $5,581 Avg Close — Range —
Q2 2005
Shares 562,000 Value ($000) $5,361 Avg Close — Range —
Q1 2005
Shares 400,000 Value ($000) $3,988 Avg Close — Range —
Q4 2004
Shares 350,000 Value ($000) $4,008 Avg Close — Range —
Q3 2004
Shares 374,800 Value ($000) $3,523 Avg Close — Range —
Q2 2004
Shares 195,800 Value ($000) $1,935 Avg Close — Range —