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

Mar 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEDAR SHOPPING CENTERS INC (CDR)
CIK: 0000761648
Period of Report: 2008-02-15

Reporting Person: Inland American Real Estate Trust, Inc. (10% Owner)
Reporting Person: GOODWIN DANIEL L (10% Owner)
Reporting Person: PARKS ROBERT D (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-15	Common Stock	P	165700	$11.21	Acquired	4939838	Direct
2008-02-19	Common Stock	P	44500	$11.38	Acquired	4984338	Direct
2008-02-19	Common Stock	P	55500	$11.41	Acquired	5039838	Direct
2008-02-20	Common Stock	P	56600	$11.48	Acquired	5096438	Direct
2008-02-21	Common Stock	P	93900	$11.45	Acquired	5190338	Direct
2008-02-22	Common Stock	P	198900	$11.48	Acquired	5389238	Direct
2008-02-25	Common Stock	P	43500	$11.45	Acquired	5432738	Direct
2008-02-26	Common Stock	P	41000	$11.58	Acquired	5473738	Direct
2008-02-27	Common Stock	P	6500	$11.55	Acquired	5480238	Direct
2008-02-28	Common Stock	P	182400	$11.57	Acquired	5662638	Direct
2008-02-29	Common Stock	P	139100	$11.54	Acquired	5801738	Direct
2008-03-03	Common Stock	P	64500	$11.57	Acquired	5866238	Direct
2008-03-04	Common Stock	P	177500	$11.58	Acquired	6043738	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Direct

Footnotes

F1: The reported shares are owned directly by Inland American. Mr. Goodwin and Mr. Parks disclaim beneficial ownership of the shares beneficially owned by Inland American except to the extent of their respective ownership of shares of Inland American stock.

F2: The reported shares are owned directly by Mr. Parks.