| Real Estate Fund | 07/01/2014 to 06/30/2015 |
| ICA File Number: 811-08371 |
| Registrant Name: T. Rowe Price Real Estate Fund, Inc. |
| Reporting Period: 07/01/2014 - 06/30/2015 |
|
| |
| FORM N-PX |
| |
| ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT |
| INVESTMENT COMPANY |
| |
| Investment Company Act file number 811-08371 |
| |
| T. Rowe Price Real Estate Fund, Inc. |
|
| (Exact name of registrant as specified in charter) |
| |
| 100 East Pratt Street Baltimore, Maryland 21202 |
|
| (Address of principal executive offices) |
| |
| Darrell N. Braman |
| 100 East Pratt Street |
| Baltimore, Maryland 21202 |
|
| (Name and address of agent for service) |
| |
| Registrant’s telephone number, including area code: (410) 345-2000 |
| |
| Date of fiscal year end: 12/31 |
| |
| Date of reporting period: 07/01/2014 to 06/30/2015 |
| |
| SIGNATURES |
| |
| Pursuant to the requirements of the Investment Company Act of 1940, the |
| registrant has duly caused this report to be signed on its behalf by the |
| undersigned, thereunto duly authorized. |
| |
| (Registrant) T. Rowe Price Real Estate Fund, Inc. |
| |
| By (Signature and Title) /s/ Edward C. Bernard |
| Edward C. Bernard, Chairman of the Board - T. Rowe Price Funds |
| |
| Date August 31, 2015 |
Real Estate Fund
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|---|
ACADIA REALTY TRUST
Meeting Date: MAY 27, 2015
Record Date: APR 01, 2015
Meeting Type: ANNUAL | Ticker: AKR
Security ID: 004239109
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1a | Elect Director Kenneth F. Bernstein | Management | For | For |
| 1b | Elect Director Douglas Crocker, II | Management | For | For |
| 1c | Elect Director Lorrence T. Kellar | Management | For | For |
| 1d | Elect Director Wendy Luscombe | Management | For | For |
| 1e | Elect Director William T. Spitz | Management | For | For |
| 1f | Elect Director Lee S. Wielansky | Management | For | For |
| 2 | Ratify BDO USA, LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
ALEXANDER & BALDWIN, INC.
Meeting Date: APR 28, 2015
Record Date: FEB 19, 2015
Meeting Type: ANNUAL | Ticker: ALEX
Security ID: 014491104
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Charles G. King | Management | For | For |
| 1.2 | Elect Director Douglas M. Pasquale | Management | For | For |
| 1.3 | Elect Director Jenai S. Wall | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| |
|---|
ALEXANDRIA REAL ESTATE EQUITIES, INC.
Meeting Date: MAY 07, 2015
Record Date: MAR 31, 2015
Meeting Type: ANNUAL | Ticker: ARE
Security ID: 015271109
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Joel S. Marcus | Management | For | For |
| 1.2 | Elect Director Richard B. Jennings | Management | For | For |
| 1.3 | Elect Director John L. Atkins, III | Management | For | For |
| 1.4 | Elect Director Maria C. Freire | Management | For | For |
| 1.5 | Elect Director Steven R. Hash | Management | For | For |
| 1.6 | Elect Director Richard H. Klein | Management | For | For |
| 1.7 | Elect Director James H. Richardson | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| |
|---|
AMERICAN CAMPUS COMMUNITIES, INC.
Meeting Date: MAY 07, 2015
Record Date: MAR 16, 2015
Meeting Type: ANNUAL | Ticker: ACC
Security ID: 024835100
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1a | Elect Director William C. Bayless, Jr. | Management | For | For |
| 1b | Elect Director R.D. Burck | Management | For | For |
| 1c | Elect Director G. Steven Dawson | Management | For | For |
| 1d | Elect Director Cydney C. Donnell | Management | For | For |
| 1e | Elect Director Dennis G. Lopez | Management | For | For |
| 1f | Elect Director Edward Lowenthal | Management | For | For |
| 1g | Elect Director Oliver Luck | Management | For | For |
| 1h | Elect Director C. Patrick Oles, Jr. | Management | For | For |
| 1i | Elect Director Winston W. Walker | Management | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
AVALONBAY COMMUNITIES, INC.
Meeting Date: MAY 21, 2015
Record Date: MAR 06, 2015
Meeting Type: ANNUAL | Ticker: AVB
Security ID: 053484101
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Glyn F. Aeppel | Management | For | For |
| 1.2 | Elect Director Terry S. Brown | Management | For | For |
| 1.3 | Elect Director Alan B. Buckelew | Management | For | For |
| 1.4 | Elect Director Ronald L. Havner, Jr. | Management | For | For |
| 1.5 | Elect Director John J. Healy, Jr. | Management | For | For |
| 1.6 | Elect Director Timothy J. Naughton | Management | For | For |
| 1.7 | Elect Director Lance R. Primis | Management | For | For |
| 1.8 | Elect Director Peter S. Rummell | Management | For | For |
| 1.9 | Elect Director H. Jay Sarles | Management | For | For |
| 1.10 | Elect Director W. Edward Walter | Management | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Proxy Access | Shareholder | Against | For |
| 5 | Require Independent Board Chairman | Shareholder | Against | Against |
| |
|---|
BOSTON PROPERTIES, INC.
Meeting Date: MAY 19, 2015
Record Date: MAR 25, 2015
Meeting Type: ANNUAL | Ticker: BXP
Security ID: 101121101
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Carol B. Einiger | Management | For | For |
| 1.2 | Elect Director Jacob A. Frenkel | Management | For | For |
| 1.3 | Elect Director Joel I. Klein | Management | For | For |
| 1.4 | Elect Director Douglas T. Linde | Management | For | For |
| 1.5 | Elect Director Matthew J. Lustig | Management | For | For |
| 1.6 | Elect Director Alan J. Patricof | Management | For | For |
| 1.7 | Elect Director Ivan G. Seidenberg | Management | For | For |
| 1.8 | Elect Director Owen D. Thomas | Management | For | For |
| 1.9 | Elect Director Martin Turchin | Management | For | For |
| 1.10 | Elect Director David A. Twardock | Management | For | For |
| 1.11 | Elect Director Mortimer B. Zuckerman | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
| 4 | Require Independent Board Chairman | Shareholder | Against | Against |
| 5 | Adopt Proxy Access Right | Shareholder | Against | For |
| 6 | Limit Accelerated Vesting | Shareholder | Against | For |
| |
|---|
CAMDEN PROPERTY TRUST
Meeting Date: MAY 08, 2015
Record Date: MAR 16, 2015
Meeting Type: ANNUAL | Ticker: CPT
Security ID: 133131102
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Richard J. Campo | Management | For | For |
| 1.2 | Elect Director Scott S. Ingraham | Management | For | For |
| 1.3 | Elect Director Lewis A. Levey | Management | For | For |
| 1.4 | Elect Director William B. McGuire, Jr. | Management | For | For |
| 1.5 | Elect Director William F. Paulsen | Management | For | For |
| 1.6 | Elect Director D. Keith Oden | Management | For | For |
| 1.7 | Elect Director F. Gardner Parker | Management | For | For |
| 1.8 | Elect Director Frances Aldrich Sevilla-Sacasa | Management | For | For |
| 1.9 | Elect Director Steven A. Webster | Management | For | For |
| 1.10 | Elect Director Kelvin R. Westbrook | Management | For | For |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
CBL & ASSOCIATES PROPERTIES, INC.
Meeting Date: MAY 04, 2015
Record Date: MAR 09, 2015
Meeting Type: ANNUAL | Ticker: CBL
Security ID: 124830100
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Charles B. Lebovitz | Management | For | For |
| 1.2 | Elect Director Stephen D. Lebovitz | Management | For | For |
| 1.3 | Elect Director Gary L. Bryenton | Management | For | For |
| 1.4 | Elect Director A. Larry Chapman | Management | For | For |
| 1.5 | Elect Director Matthew S. Dominski | Management | For | For |
| 1.6 | Elect Director John D. Griffith | Management | For | For |
| 1.7 | Elect Director Gary J. Nay | Management | For | For |
| 1.8 | Elect Director Kathleen M. Nelson | Management | For | For |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Proxy Access | Shareholder | Against | For |
| |
|---|
DCT INDUSTRIAL TRUST INC.
Meeting Date: APR 29, 2015
Record Date: MAR 03, 2015
Meeting Type: ANNUAL | Ticker: DCT
Security ID: 233153204
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1a | Elect Director Thomas G. Wattles | Management | For | For |
| 1b | Elect Director Philip L. Hawkins | Management | For | For |
| 1c | Elect Director Marilyn A. Alexander | Management | For | For |
| 1d | Elect Director Thomas F. August | Management | For | For |
| 1e | Elect Director John S. Gates, Jr. | Management | For | For |
| 1f | Elect Director Raymond B. Greer | Management | For | For |
| 1g | Elect Director Tripp H. Hardin | Management | For | For |
| 1h | Elect Director John C. O'Keeffe | Management | For | For |
| 1i | Elect Director Bruce L. Warwick | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify Auditors | Management | For | For |
| |
|---|
DOUGLAS EMMETT, INC.
Meeting Date: MAY 28, 2015
Record Date: MAR 31, 2015
Meeting Type: ANNUAL | Ticker: DEI
Security ID: 25960P109
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Dan A. Emmett | Management | For | For |
| 1.2 | Elect Director Jordan L. Kaplan | Management | For | For |
| 1.3 | Elect Director Kenneth M. Panzer | Management | For | For |
| 1.4 | Elect Director Christopher H. Anderson | Management | For | For |
| 1.5 | Elect Director Leslie E. Bider | Management | For | For |
| 1.6 | Elect Director David T. Feinberg | Management | For | For |
| 1.7 | Elect Director Thomas E. O'Hern | Management | For | For |
| 1.8 | Elect Director William E. Simon, Jr. | Management | For | For |
| 1.9 | Elect Director Virginia McFerran | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| |
|---|
EASTGROUP PROPERTIES, INC.
Meeting Date: MAY 28, 2015
Record Date: APR 06, 2015
Meeting Type: ANNUAL | Ticker: EGP
Security ID: 277276101
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1a | Elect Director D. Pike Aloian | Management | For | For |
| 1b | Elect Director H.C. Bailey, Jr. | Management | For | For |
| 1c | Elect Director H. Eric Bolton, Jr. | Management | For | For |
| 1d | Elect Director Hayden C. Eaves, III | Management | For | For |
| 1e | Elect Director Fredric H. Gould | Management | For | For |
| 1f | Elect Director David H. Hoster, II | Management | For | For |
| 1g | Elect Director Mary E. McCormick | Management | For | For |
| 1h | Elect Director David M. Osnos | Management | For | For |
| 1i | Elect Director Leland R. Speed | Management | For | For |
| 2 | Ratify KPMG LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
EQUITY RESIDENTIAL
Meeting Date: JUN 24, 2015
Record Date: MAR 31, 2015
Meeting Type: ANNUAL | Ticker: EQR
Security ID: 29476L107
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director John W. Alexander | Management | For | For |
| 1.2 | Elect Director Charles L. Atwood | Management | For | For |
| 1.3 | Elect Director Linda Walker Bynoe | Management | For | For |
| 1.4 | Elect Director Mary Kay Haben | Management | For | For |
| 1.5 | Elect Director Bradley A. Keywell | Management | For | For |
| 1.6 | Elect Director John E. Neal | Management | For | For |
| 1.7 | Elect Director David J. Neithercut | Management | For | For |
| 1.8 | Elect Director Mark S. Shapiro | Management | For | For |
| 1.9 | Elect Director Gerald A. Spector | Management | For | For |
| 1.10 | Elect Director Stephen E. Sterrett | Management | For | For |
| 1.11 | Elect Director B. Joseph White | Management | For | For |
| 1.12 | Elect Director Samuel Zell | Management | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Proxy Access | Shareholder | Against | For |
| |
|---|
ESSEX PROPERTY TRUST, INC.
Meeting Date: MAY 19, 2015
Record Date: FEB 27, 2015
Meeting Type: ANNUAL | Ticker: ESS
Security ID: 297178105
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director David W. Brady | Management | For | For |
| 1.2 | Elect Director Keith R. Guericke | Management | For | For |
| 1.3 | Elect Director Irving F. Lyons, III | Management | For | For |
| 1.4 | Elect Director George M. Marcus | Management | For | For |
| 1.5 | Elect Director Gary P. Martin | Management | For | For |
| 1.6 | Elect Director Issie N. Rabinovitch | Management | For | For |
| 1.7 | Elect Director Thomas E. Randlett | Management | For | For |
| 1.8 | Elect Director Thomas E. Robinson | Management | For | For |
| 1.9 | Elect Director Michael J. Schall | Management | For | For |
| 1.10 | Elect Director Byron A. Scordelis | Management | For | For |
| 1.11 | Elect Director Janice L. Sears | Management | For | For |
| 1.12 | Elect Director Thomas P. Sullivan | Management | For | For |
| 1.13 | Elect Director Claude J. Zinngrabe, Jr. | Management | For | For |
| 2 | Ratify KPMG LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
FEDERAL REALTY INVESTMENT TRUST
Meeting Date: MAY 06, 2015
Record Date: MAR 20, 2015
Meeting Type: ANNUAL | Ticker: FRT
Security ID: 313747206
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Jon E. Bortz | Management | For | For |
| 1.2 | Elect Director David W. Faeder | Management | For | For |
| 1.3 | Elect Director Kristin Gamble | Management | For | For |
| 1.4 | Elect Director Gail P. Steinel | Management | For | For |
| 1.5 | Elect Director Warren M. Thompson | Management | For | For |
| 1.6 | Elect Director Joseph S. Vassalluzzo | Management | For | For |
| 1.7 | Elect Director Donald C. Wood | Management | For | For |
| 2 | Ratify Grant Thornton LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Amend Omnibus Stock Plan | Management | For | For |
| |
|---|
GENERAL GROWTH PROPERTIES, INC.
Meeting Date: APR 16, 2015
Record Date: FEB 17, 2015
Meeting Type: ANNUAL | Ticker: GGP
Security ID: 370023103
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1a | Elect Director Richard B. Clark | Management | For | For |
| 1b | Elect Director Mary Lou Fiala | Management | For | For |
| 1c | Elect Director J. Bruce Flatt | Management | For | For |
| 1d | Elect Director John K. Haley | Management | For | For |
| 1e | Elect Director Daniel B. Hurwitz | Management | For | For |
| 1f | Elect Director Brian W. Kingston | Management | For | For |
| 1g | Elect Director Sandeep Mathrani | Management | For | For |
| 1h | Elect Director David J. Neithercut | Management | For | For |
| 1i | Elect Director Mark R. Patterson | Management | For | For |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Performance Based Equity Awards | Shareholder | Against | Against |
| |
|---|
HEALTHCARE REALTY TRUST INCORPORATED
Meeting Date: MAY 12, 2015
Record Date: MAR 12, 2015
Meeting Type: ANNUAL | Ticker: HR
Security ID: 421946104
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1 | Declassify the Board of Directors | Management | For | For |
| 2.1 | Elect Director David R. Emery | Management | For | For |
| 2.2 | Elect Director Errol L. Biggs | Management | For | For |
| 2.3 | Elect Director Charles Raymond Fernandez | Management | For | For |
| 2.4 | Elect Director Edwin B. Morris, III | Management | For | For |
| 2.5 | Elect Director John Knox Singleton | Management | For | For |
| 2.6 | Elect Director Bruce D. Sullivan | Management | For | For |
| 2.7 | Elect Director Roger O. West | Management | For | For |
| 2.8 | Elect Director Dan S. Wilford | Management | For | For |
| 3.1 | Elect Director Errol L. Biggs | Management | For | For |
| 3.2 | Elect Director Charles Raymond Fernandez | Management | For | For |
| 3.3 | Elect Director Bruce D. Sullivan | Management | For | For |
| 4 | Ratify BDO USA, LLP as Auditors | Management | For | For |
| 5 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 6 | Approve Restricted Stock Plan | Management | For | For |
| |
|---|
HIGHWOODS PROPERTIES, INC.
Meeting Date: MAY 13, 2015
Record Date: MAR 02, 2015
Meeting Type: ANNUAL | Ticker: HIW
Security ID: 431284108
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Charles A. Anderson | Management | For | For |
| 1.2 | Elect Director Gene H. Anderson | Management | For | For |
| 1.3 | Elect Director Carlos E. Evans | Management | For | For |
| 1.4 | Elect Director Edward J. Fritsch | Management | For | For |
| 1.5 | Elect Director David J. Hartzell | Management | For | For |
| 1.6 | Elect Director Sherry A. Kellett | Management | For | For |
| 1.7 | Elect Director O. Temple Sloan, Jr. | Management | For | For |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Approve Omnibus Stock Plan | Management | For | For |
| |
|---|
HILTON WORLDWIDE HOLDINGS INC.
Meeting Date: MAY 06, 2015
Record Date: MAR 12, 2015
Meeting Type: ANNUAL | Ticker: HLT
Security ID: 43300A104
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Christopher J. Nassetta | Management | For | For |
| 1.2 | Elect Director Jonathan D. Gray | Management | For | For |
| 1.3 | Elect Director Michael S. Chae | Management | For | For |
| 1.4 | Elect Director Tyler S. Henritze | Management | For | For |
| 1.5 | Elect Director Judith A. McHale | Management | For | For |
| 1.6 | Elect Director John G. Schreiber | Management | For | Withhold |
| 1.7 | Elect Director Elizabeth A. Smith | Management | For | For |
| 1.8 | Elect Director Douglas M. Steenland | Management | For | For |
| 1.9 | Elect Director William J. Stein | Management | For | Withhold |
| 2 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
HOME PROPERTIES, INC.
Meeting Date: APR 28, 2015
Record Date: MAR 05, 2015
Meeting Type: ANNUAL | Ticker: HME
Security ID: 437306103
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Michael D. Barnello | Management | For | For |
| 1.2 | Elect Director Bonnie S. Biumi | Management | For | For |
| 1.3 | Elect Director Stephen R. Blank | Management | For | For |
| 1.4 | Elect Director Alan L. Gosule | Management | For | For |
| 1.5 | Elect Director Leonard F. Helbig, III | Management | For | For |
| 1.6 | Elect Director Thomas P. Lydon, Jr. | Management | For | For |
| 1.7 | Elect Director Edward J. Pettinella | Management | For | For |
| 1.8 | Elect Director Clifford W. Smith, Jr. | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
| |
|---|
HOST HOTELS & RESORTS, INC.
Meeting Date: MAY 14, 2015
Record Date: MAR 19, 2015
Meeting Type: ANNUAL | Ticker: HST
Security ID: 44107P104
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Mary L. Baglivo | Management | For | For |
| 1.2 | Elect Director Sheila C. Bair | Management | For | For |
| 1.3 | Elect Director Terence C. Golden | Management | For | For |
| 1.4 | Elect Director Ann McLaughlin Korologos | Management | For | For |
| 1.5 | Elect Director Richard E. Marriott | Management | For | For |
| 1.6 | Elect Director John B. Morse, Jr. | Management | For | For |
| 1.7 | Elect Director Walter C. Rakowich | Management | For | For |
| 1.8 | Elect Director Gordon H. Smith | Management | For | For |
| 1.9 | Elect Director W. Edward Walter | Management | For | For |
| 2 | Ratify KPMG LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Amend Vote Requirements to Amend Bylaws | Shareholder | Against | For |
| |
|---|
KILROY REALTY CORPORATION
Meeting Date: MAY 21, 2015
Record Date: MAR 13, 2015
Meeting Type: ANNUAL | Ticker: KRC
Security ID: 49427F108
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1a | Elect Director John Kilroy | Management | For | For |
| 1b | Elect Director Edward Brennan | Management | For | For |
| 1c | Elect Director Jolie Hunt | Management | For | For |
| 1d | Elect Director Scott Ingraham | Management | For | For |
| 1e | Elect Director Gary Stevenson | Management | For | For |
| 1f | Elect Director Peter Stoneberg | Management | For | For |
| 2 | Amend Omnibus Stock Plan | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| |
|---|
KIMCO REALTY CORPORATION
Meeting Date: MAY 05, 2015
Record Date: MAR 16, 2015
Meeting Type: ANNUAL | Ticker: KIM
Security ID: 49446R109
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Milton Cooper | Management | For | For |
| 1.2 | Elect Director Philip E. Coviello | Management | For | For |
| 1.3 | Elect Director Richard G. Dooley | Management | For | For |
| 1.4 | Elect Director Joe Grills | Management | For | For |
| 1.5 | Elect Director David B. Henry | Management | For | For |
| 1.6 | Elect Director Frank Lourenso | Management | For | For |
| 1.7 | Elect Director Colombe M. Nicholas | Management | For | For |
| 1.8 | Elect Director Richard B. Saltzman | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
| |
|---|
PEBBLEBROOK HOTEL TRUST
Meeting Date: JUN 17, 2015
Record Date: MAR 23, 2015
Meeting Type: ANNUAL | Ticker: PEB
Security ID: 70509V100
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Jon E. Bortz | Management | For | For |
| 1.2 | Elect Director Cydney C. Donnell | Management | For | For |
| 1.3 | Elect Director Ron E. Jackson | Management | For | For |
| 1.4 | Elect Director Phillip M. Miller | Management | For | For |
| 1.5 | Elect Director Michael J. Schall | Management | For | For |
| 1.6 | Elect Director Earl E. Webb | Management | For | For |
| 1.7 | Elect Director Laura H. Wright | Management | For | For |
| 2 | Ratify KPMG LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Amend Articles to Opt Out of Maryland's Unsolicited Takeover Act and Require Majority Vote to Opt Back into Act | Shareholder | Against | For |
| |
|---|
PLUM CREEK TIMBER COMPANY, INC.
Meeting Date: MAY 05, 2015
Record Date: MAR 13, 2015
Meeting Type: ANNUAL | Ticker: PCL
Security ID: 729251108
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1a | Elect Director Rick R. Holley | Management | For | For |
| 1b | Elect Director Robin Josephs | Management | For | For |
| 1c | Elect Director Sara Grootwassink Lewis | Management | For | For |
| 1d | Elect Director John G. McDonald | Management | For | For |
| 1e | Elect Director Robert B. McLeod | Management | For | For |
| 1f | Elect Director John F. Morgan, Sr. | Management | For | For |
| 1g | Elect Director Marc F. Racicot | Management | For | For |
| 1h | Elect Director Lawrence A. Selzer | Management | For | For |
| 1i | Elect Director Stephen C. Tobias | Management | For | For |
| 1j | Elect Director Martin A. White | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| |
|---|
POST PROPERTIES, INC.
Meeting Date: JUN 03, 2015
Record Date: APR 06, 2015
Meeting Type: ANNUAL | Ticker: PPS
Security ID:�� 737464107
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Robert C. Goddard, III | Management | For | For |
| 1.2 | Elect Director David P. Stockert | Management | For | For |
| 1.3 | Elect Director Herschel M. Bloom | Management | For | For |
| 1.4 | Elect Director Walter M. Deriso, Jr. | Management | For | For |
| 1.5 | Elect Director Russell R. French | Management | For | For |
| 1.6 | Elect Director Toni Jennings | Management | For | For |
| 1.7 | Elect Director Ronald De Waal | Management | For | For |
| 1.8 | Elect Director Donald C. Wood | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| |
|---|
PROLOGIS, INC.
Meeting Date: APR 29, 2015
Record Date: MAR 09, 2015
Meeting Type: ANNUAL | Ticker: PLD
Security ID: 74340W103
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1a | Elect Director Hamid R. Moghadam | Management | For | For |
| 1b | Elect Director George L. Fotiades | Management | For | For |
| 1c | Elect Director Christine N. Garvey | Management | For | For |
| 1d | Elect Director Lydia H. Kennard | Management | For | For |
| 1e | Elect Director J. Michael Losh | Management | For | For |
| 1f | Elect Director Irving F. Lyons, III | Management | For | For |
| 1g | Elect Director David P. O'Connor | Management | For | For |
| 1h | Elect Director Jeffrey L. Skelton | Management | For | For |
| 1i | Elect Director Carl B. Webb | Management | For | For |
| 1j | Elect Director William D. Zollars | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify KPMG LLP as Auditors | Management | For | For |
| |
|---|
PS BUSINESS PARKS, INC.
Meeting Date: APR 28, 2015
Record Date: MAR 06, 2015
Meeting Type: ANNUAL | Ticker: PSB
Security ID: 69360J107
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Ronald L. Havner, Jr. | Management | For | For |
| 1.2 | Elect Director Joseph D. Russell, Jr. | Management | For | For |
| 1.3 | Elect Director Jennifer Holden Dunbar | Management | For | For |
| 1.4 | Elect Director James H. Kropp | Management | For | For |
| 1.5 | Elect Director Sara Grootwassink Lewis | Management | For | For |
| 1.6 | Elect Director Michael V. McGee | Management | For | For |
| 1.7 | Elect Director Gary E. Pruitt | Management | For | For |
| 1.8 | Elect Director Robert S. Rollo | Management | For | For |
| 1.9 | Elect Director Peter Schultz | Management | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| 3 | Amend Non-Employee Director Restricted Stock Plan | Management | For | For |
| 4 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
PUBLIC STORAGE
Meeting Date: APR 30, 2015
Record Date: MAR 06, 2015
Meeting Type: ANNUAL | Ticker: PSA
Security ID: 74460D109
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Ronald L. Havner, Jr. | Management | For | For |
| 1.2 | Elect Director Tamara Hughes Gustavson | Management | For | For |
| 1.3 | Elect Director Uri P. Harkham | Management | For | For |
| 1.4 | Elect Director B. Wayne Hughes, Jr | Management | For | For |
| 1.5 | Elect Director Avedick B. Poladian | Management | For | For |
| 1.6 | Elect Director Gary E. Pruitt | Management | For | For |
| 1.7 | Elect Director Ronald P. Spogli | Management | For | For |
| 1.8 | Elect Director Daniel C. Staton | Management | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
REGENCY CENTERS CORPORATION
Meeting Date: MAY 12, 2015
Record Date: MAR 18, 2015
Meeting Type: ANNUAL | Ticker: REG
Security ID: 758849103
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Martin E. Stein, Jr. | Management | For | For |
| 1.2 | Elect Director Raymond L. Bank | Management | For | For |
| 1.3 | Elect Director Bryce Blair | Management | For | For |
| 1.4 | Elect Director C. Ronald Blankenship | Management | For | For |
| 1.5 | Elect Director A.r. Carpenter | Management | For | For |
| 1.6 | Elect Director J. Dix Druce, Jr. | Management | For | For |
| 1.7 | Elect Director Mary Lou Fiala | Management | For | For |
| 1.8 | Elect Director David P. O'Connor | Management | For | For |
| 1.9 | Elect Director John C. Schweitzer | Management | For | For |
| 1.10 | Elect Director Brian M. Smith | Management | For | For |
| 1.11 | Elect Director Thomas G. Wattles | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify KPMG LLP as Auditors | Management | For | For |
| |
|---|
RLJ LODGING TRUST
Meeting Date: MAY 01, 2015
Record Date: MAR 13, 2015
Meeting Type: ANNUAL | Ticker: RLJ
Security ID: 74965L101
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Robert L. Johnson | Management | For | For |
| 1.2 | Elect Director Thomas J. Baltimore, Jr. | Management | For | For |
| 1.3 | Elect Director Evan Bayh | Management | For | For |
| 1.4 | Elect Director Nathaniel A. Davis | Management | For | For |
| 1.5 | Elect Director Robert M. La Forgia | Management | For | For |
| 1.6 | Elect Director Glenda G. McNeal | Management | For | For |
| 1.7 | Elect Director Joseph Ryan | Management | For | For |
| 2 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Amend Omnibus Stock Plan | Management | For | For |
| 5 | Amend Declaration of Trust | Management | For | For |
| 6 | Amend Vote Requirements to Amend Bylaws | Shareholder | Against | For |
| |
|---|
SIMON PROPERTY GROUP, INC.
Meeting Date: MAY 14, 2015
Record Date: MAR 16, 2015
Meeting Type: ANNUAL | Ticker: SPG
Security ID: 828806109
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1a | Elect Director Melvyn E. Bergstein | Management | For | For |
| 1b | Elect Director Larry C. Glasscock | Management | For | For |
| 1c | Elect Director Karen N. Horn | Management | For | For |
| 1d | Elect Director Allan Hubbard | Management | For | For |
| 1e | Elect Director Reuben S. Leibowitz | Management | For | For |
| 1f | Elect Director Daniel C. Smith | Management | For | For |
| 1g | Elect Director J. Albert Smith, Jr. | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| 4 | Provide Vote Counting to Exclude Abstentions | Shareholder | Against | Against |
| |
|---|
SL GREEN REALTY CORP.
Meeting Date: JUN 04, 2015
Record Date: MAR 31, 2015
Meeting Type: ANNUAL | Ticker: SLG
Security ID: 78440X101
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director John H. Alschuler | Management | For | For |
| 1.2 | Elect Director Stephen L. Green | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| |
|---|
SUNSTONE HOTEL INVESTORS, INC.
Meeting Date: APR 30, 2015
Record Date: MAR 10, 2015
Meeting Type: ANNUAL | Ticker: SHO
Security ID: 867892101
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director John V. Arabia | Management | For | For |
| 1.2 | Elect Director Andrew Batinovich | Management | For | For |
| 1.3 | Elect Director Z. Jamie Behar | Management | For | For |
| 1.4 | Elect Director Thomas A. Lewis, Jr. | Management | For | For |
| 1.5 | Elect Director Keith M. Locker | Management | For | For |
| 1.6 | Elect Director Douglas M. Pasquale | Management | For | For |
| 1.7 | Elect Director Keith P. Russell | Management | For | For |
| 1.8 | Elect Director Lewis N. Wolff | Management | For | Withhold |
| 2 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
TAUBMAN CENTERS, INC.
Meeting Date: MAY 29, 2015
Record Date: MAR 30, 2015
Meeting Type: ANNUAL | Ticker: TCO
Security ID: 876664103
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Graham T. Allison | Management | For | For |
| 1.2 | Elect Director Peter Karmanos, Jr. | Management | For | For |
| 1.3 | Elect Director William S. Taubman | Management | For | For |
| 2 | Ratify KPMG LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
TERRENO REALTY CORPORATION
Meeting Date: MAY 05, 2015
Record Date: MAR 02, 2015
Meeting Type: ANNUAL | Ticker: TRNO
Security ID: 88146M101
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director W. Blake Baird | Management | For | For |
| 1.2 | Elect Director Michael A. Coke | Management | For | For |
| 1.3 | Elect Director LeRoy E. Carlson | Management | For | For |
| 1.4 | Elect Director Peter J. Merlone | Management | For | For |
| 1.5 | Elect Director Douglas M. Pasquale | Management | For | For |
| 1.6 | Elect Director Dennis Polk | Management | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | Management | For | For |
| |
|---|
THE MACERICH COMPANY
Meeting Date: MAY 28, 2015
Record Date: MAR 20, 2015
Meeting Type: ANNUAL | Ticker: MAC
Security ID: 554382101
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1a | Elect Director Douglas D. Abbey | Management | For | Against |
| 1b | Elect Director John H. Alschuler | Management | For | For |
| 1c | Elect Director Steven R. Hash | Management | For | For |
| 1d | Elect Director Stanley A. Moore | Management | For | Against |
| 2 | Ratify KPMG LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| |
|---|
VORNADO REALTY TRUST
Meeting Date: MAY 21, 2015
Record Date: MAR 23, 2015
Meeting Type: ANNUAL | Ticker: VNO
Security ID: 929042109
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Steven Roth | Management | For | Withhold |
| 1.2 | Elect Director Michael D. Fascitelli | Management | For | Withhold |
| 1.3 | Elect Director Russell B. Wight, Jr. | Management | For | Withhold |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| 4 | Require Independent Board Chairman | Shareholder | Against | For |
| |
|---|
WEINGARTEN REALTY INVESTORS
Meeting Date: APR 28, 2015
Record Date: MAR 05, 2015
Meeting Type: ANNUAL | Ticker: WRI
Security ID: 948741103
|
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
|---|
| 1.1 | Elect Director Andrew M. Alexander | Management | For | For |
| 1.2 | Elect Director Stanford Alexander | Management | For | For |
| 1.3 | Elect Director Shelaghmichael Brown | Management | For | For |
| 1.4 | Elect Director James W. Crownover | Management | For | For |
| 1.5 | Elect Director Robert J. Cruikshank | Management | For | For |
| 1.6 | Elect Director Melvin A. Dow | Management | For | For |
| 1.7 | Elect Director Stephen A. Lasher | Management | For | For |
| 1.8 | Elect Director Thomas L. Ryan | Management | For | For |
| 1.9 | Elect Director Douglas W. Schnitzer | Management | For | For |
| 1.10 | Elect Director C. Park Shaper | Management | For | For |
| 1.11 | Elect Director Marc J. Shapiro | Management | For | For |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
END NPX REPORT
