CEDAR REALTY TRUST, INC. — Director's Dealing 2008

Mar 5, 2008

SEC Form 3/A — Form 3/A

Issuer: CEDAR SHOPPING CENTERS INC (CDR)
CIK: 0000761648
Period of Report: 2008-02-14

Reporting Person: Inland American Real Estate Trust, Inc. (10% Owner)
Reporting Person: GOODWIN DANIEL L (10% Owner)
Reporting Person: INLAND REAL ESTATE INVESTMENT CORP (10% Owner)
Reporting Person: PARKS ROBERT D (10% Owner)
Reporting Person: INLAND REAL ESTATE CORP (10% Owner)
Reporting Person: INLAND WESTERN RETAIL REAL ESTATE TRUST INC (10% Owner)
Reporting Person: Inland Investment Advisors, Inc. (10% Owner)
Reporting Person: INLAND GROUP INC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4774138	Direct
Common Stock	2000	Indirect
Common Stock	2000	Direct
8-7/8% Series A Cumulative Redeemable Preferred Stock	376600	Indirect
8-7/8% Series A Cumulative Redeemable Preferred Stock	360300	Direct
8-7/8% Series A Cumulative Redeemable Preferred Stock	15900	Direct
8-7/8% Series A Cumulative Redeemable Preferred Stock	400	Direct

Footnotes

F1: This number of shares is owned directly by Inland American Real Estate Trust, Inc. ("Inland American") and is "beneficially owned" for Section 13(d) purposes by Inland Investment Advisors, Inc. ("Adviser") through Adviser's discretionary management (voting and dispositive) of the account of Inland American pursuant to an Investment Advisory Agreement. The only fees payable to Adviser pursuant to this agreement are based on the amount of marketable securities under management.

F2: This number of shares is "beneficially owned" for Section 13(d) purposes by Adviser through Adviser's discretionary management (voting and dispositive) of the account of Mr. Parks, pursuant to an Investment Advisory Agreement. Adviser may receive performance-based fees under the aforementioned agreement with Mr. Parks. Adviser disclaims beneficial ownership of the shares except to the extent it receives performance-based fees with respect to its management of the shares. Adviser is a wholly owned subsidiary of Inland Real Estate Investment Corporation ("IREIC"), which is a wholly owned subsidiary of The Inland Group, Inc. ("TIGI"), of which Mr. Goodwin is a controlling shareholder. Mr. Goodwin disclaims beneficial ownership of shares beneficially owned by Adviser except to the extent of his ownership of TIGI.

F3: This number of shares is owned directly by Mr. Parks.

F4: This number of shares is "beneficially owned" for Section 13(d) purposes by Adviser through Adviser's discretionary management (voting and dispositive) of the separate accounts of Inland Western Retail Real Estate Trust, Inc. ("Inland Western"), Inland Real Estate Corporation ("IREC") and Mr. Parks, pursuant to its separate Investment Advisory Agreements with each of them. Adviser may receive performance-based fees under the aforementioned agreements with each of Inland Western, IREC and Mr. Parks.

F5: Adviser disclaims beneficial ownership of the shares except to the extent it receives performance-based fees with respect to its management of the shares. Adviser is a wholly owned subsidiary of IREIC, which is a wholly owned subsidiary of TIGI, of which Mr. Goodwin is a controlling shareholder. Mr. Parks owns shares of TIGI. Mr. Goodwin and Mr. Parks disclaim beneficial ownership of shares beneficially owned by Adviser except to the extent of their respective ownership of TIGI shares.

F6: This number of shares is owned directly by Inland Western. Mr. Goodwin and Mr. Parks own shares of Inland Western. Mr. Goodwin and Mr. Parks disclaim beneficial ownership of shares beneficially owned by Inland Western except to the extent of their respective ownership of Inland Western shares.

F7: This number of shares is owned directly by IREC. Mr. Goodwin and Mr. Parks own shares of IREC. Mr. Goodwin and Mr. Parks disclaim beneficial ownership of shares beneficially owned by IREC except to the extent of their respective ownership of IREC shares.

F8: This number of shares is owned directly by Mr. Parks.