The Prudential Series Fund

THE PRUDENTIAL VARIABLE CONTRACT REAL PROPERTY PARTNERS HIP
CONSOLIDATED SCHEDULE OF INVESTMENTS
Property Name
December 31, 2008
Ownership City, State
2008 Total Rentable
Square Feet
Unless Otherwise
Indicated
(Unaudited)
Cost
December 31,
2008 2007
Estimated Fair
Value
Cost
Estimated Fair
Value
OFFICES
750 Warrenville WO P Lisle, IL 103,193 $25,218,777 $9,542,046 $24,512,521 $11,500,000
Summit @ Cornell Oaks WO P Beaverton , OR 72,109 12,512,985 11,000,000 12,401,252 13,800,000
Westpark WO Nashville, TN 97,199 12,060,981 13,753,954 11,323,885 13,100,000
Financial Plaza WO Brentwood, TN 98,049 12,389,207 12,700,000 12,371,092 13,700,000
Offices % as of 12/31/08 22% 62,181,950 46,996,000 60,608,750 52,100,000
APARTMENTS
Brookwood Apartments WO P Atlanta, GA 240 Units 19,810,918 16,100,000 19,548,293 20,200,000
Dunhill Trace Apartments WO P Raleigh, NC 250 Units 16,433,544 16,600,000 16,375,037 19,800,000
Broadstone Crossing WO Austin, TX 225 Units 22,732,363 25,000,000 22,723,849 27,100,000
The Reserve At Waterford Lakes WO P Charlotte, NC 140 Units 13,649,938 11,000,000 13,535,450 13,500,000
Apartments % as of 12/31/08 32% 72,626,763 68,700,000 72,182,629 80,600,000
RETAIL
King's Market WO P Rosewell, GA 314,358 37,893,595 14,100,000 37,883,222 24,700,000
Hampton Towne Center WO Hampton, VA 174,540 18,110,816 23,400,000 18,050,090 26,500,000
White Marlin Mall CJV Ocean City, MD 186,016 23,271,014 28,600,000 17,016,325 23,900,000
Westminster Crossing East, LLC CJV Westminster, MD 89,890 15,044,721 17,700,000 15,637,841 21,094,053
Kansas City Portfolio EJV Kansas City, KS;MO 487,660 13,595 13,595 140,911 140,911
CARS Preferred Equity PE Various N/A 14,310,609 11,783,121 14,383,023 14,383,023
Harnett Crossing CJV Dunn, NC 193,235 6,366,767 3,900,000 5,958,844 7,200,000
Retail % as of 12/31/08 47% 115,011,117 99,496,716 109,070,256 117,917,987
HOTEL
Portland Crown Plaza CJV Portland, OR 161 Rooms 10,312,588 17,800,000 9,128,415 18,300,000
Hotel % as of 12/31/08 8% 10,312,588 17,800,000 9,128,415 18,300,000
Total Real Estate Investments as a Percentage of Net Assets as of 12/31/08 109% $ 260,132,418 $ 232,992,716 $ 250,990,050 $ 268,917,987
WO - Wholly Owned Investment
CJV - Consolidated Joint Venture
EJV - Joint Venture Investment accounted for under the equity method
PE - Preferred equity investments accounted for under the equity method
The accompanying notes are an integral part of these consolidated financial statements.
B-5 Real Property