NEW PLAN EXCEL REALTY TRUST

CUSIP: 648053106 Class: COM

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

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

Q1 2007

Shares 192,900 Value ($000) $6,371 Avg Close — Range —

Q4 2006

Shares 198,000 Value ($000) $5,441 Avg Close — Range —

Q3 2006

Shares 185,000 Value ($000) $5,004 Avg Close — Range —

Q2 2006

Shares 185,000 Value ($000) $4,568 Avg Close — Range —

Q1 2004

Shares 110,000 Value ($000) $3,009 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2007	192,900	$6,371	—	—
Q4 2006	198,000	$5,441	—	—
Q3 2006	185,000	$5,004	—	—
Q2 2006	185,000	$4,568	—	—
Q1 2004	110,000	$3,009	—	—