UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-9117 -------------------------------------------- Morgan Stanley Real Estate Fund - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 1221 Avenue of the Americas, New York, New York 10020 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Amy Doberman Esq Managing Director Morgan Stanley Investment Advisors Inc. 1221 Avenue of the Americas New York, New York 10020 - -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 800-869-6397 ------------ Date of fiscal year end: 11/30 ----- Date of reporting period: 7/1/04 - 6/30/05 ---------------- ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-09117 Reporting Period: 07/01/2004 - 06/30/2005 Morgan Stanley Real Estate Fund =============================== REAL ESTATE FUND =============================== ACADIA REALTY TRUST Ticker: AKR Security ID: 004239109 Meeting Date: MAY 18, 2005 Meeting Type: Annual Record Date: MAR 31, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Kenneth F. Bernstein For For Management 1.2 Elect Director Douglas Crocker Ii For For Management 1.3 Elect Director Alan S. Forman For For Management 1.4 Elect Director Suzanne M. Hopgood For For Management 1.5 Elect Director Lorrence T. Kellar For For Management 1.6 Elect Director Wendy Luscombe For For Management 1.7 Elect Director Lee S. Wielansky For Withhold Management 2 Ratify Auditors For For Management 3 Other Business For Against Management - -------------------------------------------------------------------------------- AMB PROPERTY CORP. Ticker: AMB Security ID: 00163T109 Meeting Date: MAY 12, 2005 Meeting Type: Annual Record Date: MAR 7, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Hamid R. Moghadam For For Management 1.2 Elect Director W. Blake Baird For For Management 1.3 Elect Director T. Robert Burke For For Management 1.4 Elect Director David A. Cole For For Management 1.5 Elect Director Lydia H. Kennard For For Management 1.6 Elect Director J. Michael Losh For For Management 1.7 Elect Director Frederick W. Reid For For Management 1.8 Elect Director Jeffrey L. Skelton For For Management 1.9 Elect Director Thomas W. Tusher For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- AMERICAN CAMPUS COMMUNITIES, INC. Ticker: ACC Security ID: 024835100 Meeting Date: MAY 12, 2005 Meeting Type: Annual Record Date: MAR 18, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director William C. Bayless Jr. For For Management 1.2 Elect Director R.D. Burck For For Management 1.3 Elect Director G. Steven Dawson For For Management 1.4 Elect Director Cydney Donnell For For Management 1.5 Elect Director Edward Lowenthal For For Management 1.6 Elect Director Brian B. Nickel For For Management 1.7 Elect Director Scott H. Rechler For For Management 1.8 Elect Director Winston W. Walker For For Management - -------------------------------------------------------------------------------- APARTMENT INVESTMENT & MANAGEMENT CO. Ticker: AIV Security ID: 03748R101 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: MAR 4, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Terry Considine For For Management 1.2 Elect Director James N. Bailey For For Management 1.3 Elect Director Richard S. Ellwood For For Management 1.4 Elect Director J. Landis Martin For For Management 1.5 Elect Director Thomas L. Rhodes For For Management 1.6 Elect Director Michael A. Stein For For Management 2 Ratify Auditors For For Management 3 Approval of the Sale of High Performance For For Management Units - -------------------------------------------------------------------------------- ARCHSTONE SMITH TRUST Ticker: ASN Security ID: 039583109 Meeting Date: MAY 4, 2005 Meeting Type: Annual Record Date: MAR 8, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee James A. Cardwell For For Management 1.2 Elect Trustee Robert P. Kogod For For Management 1.3 Elect Trustee Director James H. Polk, For For Management III 2 Declassify the Board of Trustees For For Management 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- ARDEN REALTY, INC. Ticker: ARI Security ID: 039793104 Meeting Date: MAY 25, 2005 Meeting Type: Annual Record Date: MAR 31, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Richard S. Ziman For For Management 1.2 Elect Director Victor J. Coleman For For Management 2 Ratify Auditors For For Management 3 Amend Omnibus Stock Plan For For Management 4 Submit Severance Agreement Against Against Shareholder (Change-in-Control) to Shareholder Vote - -------------------------------------------------------------------------------- AVALONBAY COMMUNITIES, INC. Ticker: AVB Security ID: 053484101 Meeting Date: MAY 11, 2005 Meeting Type: Annual Record Date: MAR 9, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Bryce Blair For For Management 1.2 Elect Director Bruce A. Choate For For Management 1.3 Elect Director John J. Healy, Jr. For For Management 1.4 Elect Director Gilbert M. Meyer For For Management 1.5 Elect Director Charles D. Peebler, Jr. For For Management 1.6 Elect Director Lance R. Primis For For Management 1.7 Elect Director Allan D. Schuster For For Management 1.8 Elect Director Amy P. Williams For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- BOSTON PROPERTIES INC. Ticker: BXP Security ID: 101121101 Meeting Date: MAY 11, 2005 Meeting Type: Annual Record Date: MAR 16, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Lawrence S. Bacow For For Management 1.2 Elect Director Zoe Baird For For Management 1.3 Elect Director Alan J. Patricof For For Management 1.4 Elect Director Martin Turchin For For Management 2 Declassify the Board of Directors Against Against Shareholder - -------------------------------------------------------------------------------- BRANDYWINE REALTY TRUST Ticker: BDN Security ID: 105368203 Meeting Date: MAY 2, 2005 Meeting Type: Annual Record Date: MAR 23, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee Walter D'Alessio For For Management 1.2 Elect Trustee D. Pike Aloian For For Management 1.3 Elect Trustee Donald E. Axinn For For Management 1.4 Elect Trustee Wyche Fowler For For Management 1.5 Elect Trustee Michael J. Joyce For For Management 1.6 Elect Trustee Anthony A. Nichols Sr. For For Management 1.7 Elect Trustee Charles P. Pizzi For For Management 1.8 Elect Trustee Gerard H. Sweeney For For Management 2 Ratify Auditors For For Management 3 Amend Omnibus Stock Plan For For Management - -------------------------------------------------------------------------------- BRE PROPERTIES, INC. Ticker: BRE Security ID: 05564E106 Meeting Date: MAY 19, 2005 Meeting Type: Annual Record Date: MAR 15, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert A. Fiddaman For For Management 1.2 Elect Director L. Michael Foley For For Management 1.3 Elect Director Roger P. Kuppinger For For Management 1.4 Elect Director Matthew T. Medeiros For For Management 1.5 Elect Director Constance B. Moore For For Management 1.6 Elect Director Jeanne R. Myerson For For Management 1.7 Elect Director Gregory M. Simon For For Management 2 Increase Authorized Preferred Stock For For Management 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- BROOKFIELD PROPERTIES CORP. Ticker: BPO. Security ID: 112900105 Meeting Date: APR 27, 2005 Meeting Type: Annual/Special Record Date: MAR 15, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Fix Number of Directors at Thirteen (13) For For Management 2.1 Elect Director Gordon E. Arnell For For Management 2.2 Elect Director William T. Cahill For For Management 2.3 Elect Director Richard B. Clark For For Management 2.4 Elect Director Jack L. Cockwell For Withhold Management 2.5 Elect Director J. Bruce Flatt For For Management 2.6 Elect Director Roderick D. Fraser For For Management 2.7 Elect Director Lance Liebman For For Management 2.8 Elect Director Paul D. Mcfarlane For For Management 2.9 Elect Director Allan S. Olson For For Management 2.10 Elect Director Sam Pollock For For Management 2.11 Elect Director Robert L. Stelzl For For Management 2.12 Elect Director William C. Wheaton For For Management 2.13 Elect Director John E. Zuccotti For For Management 3 Adopt New By-Laws For For Management 4 Approve Deloitte & Touche LLP as Auditors For For Management and Authorize Board to Fix Remuneration of Auditors - -------------------------------------------------------------------------------- CAPITAL AUTOMOTIVE REIT Ticker: CARS Security ID: 139733109 Meeting Date: MAY 10, 2005 Meeting Type: Annual Record Date: MAR 1, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Turstee Thomas D. Eckert For For Management 1.2 Elect Turstee Craig L. Fuller For For Management 1.3 Elect Turstee Paul M. Higbee For For Management 1.4 Elect Turstee William E. Hoglund For For Management 1.5 Elect Turstee David B. Kay For For Management 1.6 Elect Turstee R. Michael McCullough For For Management 1.7 Elect Turstee John J. Pohanka For For Management 1.8 Elect Turstee Robert M. Rosenthal For For Management 1.9 Elect Turstee Vincent A. Sheehy For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- CATELLUS DEVELOPMENT CORP. Ticker: CDX Security ID: 149113102 Meeting Date: MAY 3, 2005 Meeting Type: Annual Record Date: MAR 15, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Peter Barker For For Management 1.2 Elect Director Stephen F. Bollenbach For For Management 1.3 Elect Director Daryl J. Carter For For Management 1.4 Elect Director Richard D. Farman For For Management 1.5 Elect Director Christine Garvey For For Management 1.6 Elect Director William M. Kahane For For Management 1.7 Elect Director Leslie D. Michelson For For Management 1.8 Elect Director Deanna W. Oppenheimer For For Management 1.9 Elect Director Nelson C. Rising For For Management 2 Ratify Auditors For For Management 3 Amend Shareholder Rights Plan (Poison For For Management Pill) - -------------------------------------------------------------------------------- CHELSEA PROPERTY GROUP, INC. Ticker: CPG Security ID: 163421100 Meeting Date: OCT 13, 2004 Meeting Type: Special Record Date: AUG 23, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For For Management - -------------------------------------------------------------------------------- CORRECTIONAL PROPERTIES TRUST Ticker: CPV Security ID: 22025E104 Meeting Date: APR 28, 2005 Meeting Type: Annual Record Date: MAR 24, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert R. Veach, Jr. For For Management 1.2 Elect Director Richard R. Wackenhut For For Management 1.3 Elect Director Kevin J. Foley For For Management 2 Amend Omnibus Stock Plan For For Management 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- DEVELOPERS DIVERSIFIED REALTY CORP. Ticker: DDR Security ID: 251591103 Meeting Date: MAY 10, 2005 Meeting Type: Annual Record Date: MAR 22, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Fix Number of Directors For For Management 2.1 Elect Directors Dean S. Adler For For Management 2.2 Elect Directors Craig Macnab For For Management 2.3 Elect Directors Terrance R. Ahern For For Management 2.4 Elect Directors Scott D. Roulston For For Management 2.5 Elect Directors Mohsen Anvari For For Management 2.6 Elect Directors Barry A. Sholem For For Management 2.7 Elect Directors Robert H. Gidel For For Management 2.8 Elect Directors William B. Summers, Jr. For For Management 2.9 Elect Directors Victor B. MacFarlane For For Management 2.10 Elect Directors Scott A. Wolstein For For Management 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- EQUITY LIFESTYLE PROPERTIES INC Ticker: ELS Security ID: 29472R108 Meeting Date: MAY 10, 2005 Meeting Type: Annual Record Date: MAR 11, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Donald S. Chisholm For For Management 1.2 Elect Director Thomas E. Dobrowski For For Management 1.3 Elect Director Thomas P. Heneghan For For Management 1.4 Elect Director Joe B. McAdams For For Management 1.5 Elect Director Sheli Z. Rosenberg For For Management 1.6 Elect Director Howard Walker For For Management 1.7 Elect Director Gary L. Waterman For For Management 1.8 Elect Director Samuel Zell For For Management - -------------------------------------------------------------------------------- EQUITY OFFICE PROPERTIES TRUST Ticker: EOP Security ID: 294741103 Meeting Date: MAY 24, 2005 Meeting Type: Annual Record Date: MAR 17, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Marilyn A. Alexander For For Management 1.2 Elect Director Thomas E. Dobrowski For For Management 1.3 Elect Director William M. Goodyear For For Management 1.4 Elect Director James D. Harper, Jr. For For Management 1.5 Elect Director Richard D. Kincaid For For Management 1.6 Elect Director David K. McKown For For Management 1.7 Elect Director Sheli Z. Rosenberg For For Management 1.8 Elect Director Stephen I. Sadove For For Management 1.9 Elect Director Sally Susman For For Management 1.10 Elect Director Jan H.W.R. van der Vlist For For Management 1.11 Elect Director Samuel Zell For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- EQUITY RESIDENTIAL Ticker: EQR Security ID: 29476L107 Meeting Date: MAY 26, 2005 Meeting Type: Annual Record Date: MAR 31, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director John W. Alexander For For Management 1.2 Elect Director Charles L. Atwood For For Management 1.3 Elect Director Bruce W. Duncan For For Management 1.4 Elect Director Stephen O. Evans For For Management 1.5 Elect Director James D. Harper, Jr. For For Management 1.6 Elect Director Boone A. Knox For For Management 1.7 Elect Director Desiree G. Rogers For For Management 1.8 Elect Director Sheli Z. Rosenberg For For Management 1.9 Elect Director Gerald A. Spector For For Management 1.10 Elect Director Joseph White For For Management 1.11 Elect Director Samuel Zell For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- ESSEX PROPERTY TRUST, INC. Ticker: ESS Security ID: 297178105 Meeting Date: MAY 10, 2005 Meeting Type: Annual Record Date: FEB 28, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director David W. Brady For For Management 1.2 Elect Director Robert E. Larson For For Management 1.3 Elect Director Michael J. Schall For For Management 1.4 Elect Director Willard M. Smith, Jr. For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- FEDERAL REALTY INVESTMENT TRUST Ticker: FRT Security ID: 313747206 Meeting Date: MAY 4, 2005 Meeting Type: Annual Record Date: MAR 16, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Mark S. Ordan For For Management 1.2 Elect Director Donald C. Wood For For Management 2 Ratify Auditors For For Management 3 Require a Majority Vote for the Election Against Against Shareholder of Directors - -------------------------------------------------------------------------------- FOREST CITY ENTERPRISES, INC. Ticker: FCE.A Security ID: 345550107 Meeting Date: JUN 21, 2005 Meeting Type: Annual Record Date: APR 25, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Michael P. Esposito, Jr. For For Management 1.2 Elect Director Joan K. Shafran For Withhold Management 1.3 Elect Director Louis Stokes For For Management 1.4 Elect Director Stan Ross For For Management 2 Amend Omnibus Stock Plan For For Management 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- GABLES RESIDENTIAL TRUST Ticker: GBP Security ID: 362418105 Meeting Date: MAY 17, 2005 Meeting Type: Annual Record Date: MAR 18, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee David D. Fitch For For Management 1.2 Elect Trustee John W. McIntyre For For Management 1.3 Elect Trustee Chris D. Wheeler For For Management - -------------------------------------------------------------------------------- GENERAL GROWTH PROPERTIES, INC. Ticker: GGP Security ID: 370021107 Meeting Date: MAY 4, 2005 Meeting Type: Annual Record Date: MAR 15, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Matthew Bucksbaum For For Management 1.2 Elect Director Bernard Freibaum For For Management 1.3 Elect Director Beth Stewart For For Management 2 Ratify Auditors For For Management 3 Amend Stock Option Plan For For Management 4 Require a Majority Vote for the Election Against Against Shareholder of Directors - -------------------------------------------------------------------------------- HEALTH CARE PROPERTY INVESTORS, INC. Ticker: HCP Security ID: 421915109 Meeting Date: MAY 12, 2005 Meeting Type: Annual Record Date: MAR 24, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Mary A. Cirillo For For Management 1.2 Elect Director Robert R. Fanning, Jr. For For Management 1.3 Elect Director James F. Flaherty III For For Management 1.4 Elect Director David B. Henry For For Management 1.5 Elect Director Michael D. McKee For Withhold Management 1.6 Elect Director Harold M. Messmer, Jr. For Withhold Management 1.7 Elect Director Peter L. Rhein For For Management 1.8 Elect Director Kenneth B. Roath For For Management 1.9 Elect Director Richard M. Rosenberg For For Management 1.10 Elect Director Joseph P. Sullivan For For Management 2 Ratify Auditors For For Management 3 Report on Greenhouse Gas Emissions Against Against Shareholder - -------------------------------------------------------------------------------- HERITAGE PROPERTY INVESTMENT TRUST INC Ticker: HTG Security ID: 42725M107 Meeting Date: MAY 6, 2005 Meeting Type: Annual Record Date: MAR 4, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Bernard Cammarata For For Management 1.2 Elect Director Michael J. Joyce For For Management 1.3 Elect Director Thomas C. Prendergast For For Management - -------------------------------------------------------------------------------- HILTON HOTELS CORP. Ticker: HLT Security ID: 432848109 Meeting Date: MAY 26, 2005 Meeting Type: Annual Record Date: MAR 28, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Stephen F. Bollenbach For For Management 1.2 Elect Director Barbara Bell Coleman For For Management 1.3 Elect Director Benjamin V. Lambert For For Management 1.4 Elect Director John L. Notter For For Management 1.5 Elect Director Peter V. Ueberroth For For Management 2 Ratify Auditors For For Management 3 Submit Severance Agreement Against Against Shareholder (Change-in-Control) to Shareholder Vote 4 Require a Majority Vote for the Election Against Against Shareholder of Directors - -------------------------------------------------------------------------------- HOST MARRIOTT CORP. Ticker: HMT Security ID: 44107P104 Meeting Date: MAY 19, 2005 Meeting Type: Annual Record Date: MAR 30, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert M. Baylis For For Management 1.2 Elect Director Terence C. Golden For Withhold Management 1.3 Elect Director Ann McLaughlin Korologos For For Management 1.4 Elect Director Richard E. Marriott For For Management 1.5 Elect Director Judith A. McHale For For Management 1.6 Elect Director John B. Morse, Jr. For For Management 1.7 Elect Director Christopher J. Nassetta For For Management 2 Ratify Auditors For For Management 3 Require a Majority Vote for the Election Against Against Shareholder of Directors - -------------------------------------------------------------------------------- INNKEEPERS USA TRUST Ticker: KPA Security ID: 4576J0104 Meeting Date: MAY 4, 2005 Meeting Type: Annual Record Date: MAR 1, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director C. Gerald Goldsmith For For Management 1.2 Elect Director Miles Berger For For Management 2 Amend Omnibus Stock Plan For For Management 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- INTERSATE HOTELS & RESORTS, INC. Ticker: IHR Security ID: 46088S106 Meeting Date: JUN 1, 2005 Meeting Type: Annual Record Date: APR 8, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Paul W. Whetsell For For Management 1.2 Elect Director Thomas F. Hewitt For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- KIMCO REALTY CORP. Ticker: KIM Security ID: 49446R109 Meeting Date: MAY 17, 2005 Meeting Type: Annual Record Date: MAR 22, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Martin S. Kimmel For Withhold Management 1.2 Elect Director Milton Cooper For Withhold Management 1.3 Elect Director Richard G. Dooley For Withhold Management 1.4 Elect Director Michael J. Flynn For Withhold Management 1.5 Elect Director Joe Grills For For Management 1.6 Elect Director David B. Henry For Withhold Management 1.7 Elect Director F. Patrick Hughes For For Management 1.8 Elect Director Frank Lourenso For Withhold Management 1.9 Elect Director Richard Saltzman For For Management 2 Increase Authorized Common Stock For For Management - -------------------------------------------------------------------------------- LODGIAN, INC. Ticker: LGN Security ID: 54021P403 Meeting Date: APR 28, 2005 Meeting Type: Annual Record Date: MAR 11, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Sean F. Armstrong For For Management 1.2 Elect Director Russel S. Bernard For For Management 1.3 Elect Director Stewart J. Brown For For Management 1.4 Elect Director Kenneth A. Caplan For For Management 1.5 Elect Director Stephen P. Grathwohl For For Management 1.6 Elect Director Dr. Sheryl E. Kimes For For Management 1.7 Elect Director Kevin C. Mctavish For For Management 1.8 Elect Director W. Thomas Parrington For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- LTC PROPERTIES, INC. Ticker: LTC Security ID: 502175102 Meeting Date: MAY 17, 2005 Meeting Type: Annual Record Date: APR 14, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Andre C. Dimitriadis For For Management 1.2 Elect Director Boyd W. Hendrickson For For Management 1.3 Elect Director Edmund C. King For For Management 1.4 Elect Director Wendy L. Simpson For For Management 1.5 Elect Director Timothy J. Triche, M.D. For For Management 1.6 Elect Director Sam Yellen For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- MACERICH CO., THE Ticker: MAC Security ID: 554382101 Meeting Date: MAY 19, 2005 Meeting Type: Annual Record Date: MAR 7, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Dana K. Anderson For For Management 1.2 Elect Director Diana M. Laing For For Management 1.3 Elect Director Stanley A. Moore For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- MACK-CALI REALTY CORP. Ticker: CLI Security ID: 554489104 Meeting Date: JUN 23, 2005 Meeting Type: Annual Record Date: APR 22, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Nathan Gantcher For For Management 1.2 Elect Director David S. Mack For For Management 1.3 Elect Director William L. Mack For For Management 1.4 Elect Director Alan G. Philibosian For For Management 2 Ratify Auditors For For Management 3 Require a Majority Vote for the Election Against Against Shareholder of Directors - -------------------------------------------------------------------------------- MERISTAR HOSPITALITY CORPORATION Ticker: MHX Security ID: 58984Y103 Meeting Date: DEC 8, 2004 Meeting Type: Special Record Date: AUG 11, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1 Increase Authorized Common Stock For For Management - -------------------------------------------------------------------------------- MERISTAR HOSPITALITY CORPORATION Ticker: MHX Security ID: 58984Y103 Meeting Date: MAY 26, 2005 Meeting Type: Annual Record Date: APR 20, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Bruce G. Wiles For For Management 1.2 Elect Director James F. Dannhauser For For Management 1.3 Elect Director Paul J. Klaassen For For Management 2 Amend Non-Employee Director Stock Option For For Management Plan 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- OMEGA HEALTHCARE INVESTORS, INC. Ticker: OHI Security ID: 681936100 Meeting Date: MAY 26, 2005 Meeting Type: Annual Record Date: APR 22, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Harold J. Kloosterman For For Management 1.2 Elect Director C. Taylor Pickett For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- PAN PACIFIC RETAIL PROPERTIES, INC. Ticker: PNP Security ID: 69806L104 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: FEB 24, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Bernard M. Feldman For For Management 1.2 Elect Director Mark J. Riedy For For Management 2 Amend Articles of Incorporation Against Against Shareholder - -------------------------------------------------------------------------------- POST PROPERTIES, INC. Ticker: PPS Security ID: 737464107 Meeting Date: MAY 19, 2005 Meeting Type: Annual Record Date: MAR 28, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert C. Goddard, III For For Management 1.2 Elect Director David P. Stockert For For Management 1.3 Elect Director Herschel M. Bloom For For Management 1.4 Elect Director Douglas Crocker II For For Management 1.5 Elect Director Walter M. Deriso, Jr. For For Management 1.6 Elect Director Russell R. French For For Management 1.7 Elect Director Nicholas B. Paumgarten For For Management 1.8 Elect Director Charles E. Rice For For Management 1.9 Elect Director Ronald de Waal For For Management 2 Approve Nonqualified Employee Stock For For Management Purchase Plan - -------------------------------------------------------------------------------- PRENTISS PROPERTIES TRUST Ticker: PP Security ID: 740706106 Meeting Date: MAY 11, 2005 Meeting Type: Annual Record Date: MAR 18, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Michael V. Prentiss For For Management 1.2 Elect Director Thomas J. Hynes, Jr. For For Management 1.3 Elect Director Barry J.C. Parker For For Management 2 Ratify Auditors For For Management 3 Approve Omnibus Stock Plan For For Management - -------------------------------------------------------------------------------- PRICE LEGACY CORP. Ticker: XLG Security ID: 74144P502 Meeting Date: DEC 20, 2004 Meeting Type: Annual Record Date: NOV 4, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Jack McGrory For For Management 1.2 Elect Director Giles H. Bateman For For Management 1.3 Elect Director Murray Galinson For For Management 1.4 Elect Director Charles L. Goldberg For For Management 1.5 Elect Director Robert N. Goodman For For Management 1.6 Elect Director Jacklyn Horton For For Management 1.7 Elect Director Keene Wolcott For For Management 2 Approve Merger Agreement For For Management - -------------------------------------------------------------------------------- PROLOGIS Ticker: PLD Security ID: 743410102 Meeting Date: MAY 18, 2005 Meeting Type: Annual Record Date: MAR 21, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Trustee K. Dane Brooksher For For Management 1.2 Elect Trustee Walter C. Rakowich For For Management 1.3 Elect Trustee Jeffrey H. Schwartz For For Management 1.4 Elect Trustee Kenneth N. Stensby For For Management 2 Declassify the Board of Trustees For For Management 3 Ratify Auditors For For Management 4 Other Business For Against Management - -------------------------------------------------------------------------------- PS BUSINESS PARKS, INC. Ticker: PSB Security ID: 69360J107 Meeting Date: MAY 3, 2005 Meeting Type: Annual Record Date: MAR 23, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Ronald L. Havner, Jr. For For Management 1.2 Elect Director Joseph D. Russell, Jr. For For Management 1.3 Elect Director Harvey Lenkin For For Management 1.4 Elect Director Vern O. Curtis For For Management 1.5 Elect Director Arthur M. Friedman For For Management 1.6 Elect Director James H. Kropp For For Management 1.7 Elect Director Alan K. Pribble For For Management 1.8 Elect Director Jack D. Steele For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- PUBLIC STORAGE, INC. Ticker: PSA Security ID: 74460D109 Meeting Date: MAY 5, 2005 Meeting Type: Annual Record Date: MAR 23, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director B. Wayne Hughes For For Management 1.2 Elect Director Ronald L. Havner, Jr. For For Management 1.3 Elect Director Harvey Lenkin For For Management 1.4 Elect Director Robert J. Abernethy For For Management 1.5 Elect Director Dann V. Angeloff For For Management 1.6 Elect Director William C. Baker For For Management 1.7 Elect Director John T. Evans For For Management 1.8 Elect Director Uri P. Harkham For For Management 1.9 Elect Director B. Wayne Hughes, Jr. For For Management 1.10 Elect Director Daniel C. Staton For For Management 2 Approve Executive Incentive Bonus Plan For For Management 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- RECKSON ASSOCIATES REALTY CORP. Ticker: RA Security ID: 75621K106 Meeting Date: MAY 19, 2005 Meeting Type: Annual Record Date: MAR 21, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Scott H. Rechler For For Management 1.2 Elect Director Douglas Crocker Ii For For Management 1.3 Elect Director Elizabeth Mccaul For For Management 1.4 Elect Director Ronald H. Menaker For For Management 1.5 Elect Director Peter Quick For For Management 1.6 Elect Director Lewis S. Ranieri For For Management 1.7 Elect Director John F. Ruffle For For Management 1.8 Elect Director Stanley Steinberg For For Management 2 Increase Authorized Common Stock For For Management 3 Approve Omnibus Stock Plan For For Management 4 Ratify Auditors For For Management - -------------------------------------------------------------------------------- REGENCY CENTERS CORP. Ticker: REG Security ID: 758849103 Meeting Date: MAY 3, 2005 Meeting Type: Annual Record Date: MAR 18, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Martin E. Stein, Jr. For For Management 1.2 Elect Director Raymond L. Bank For For Management 1.3 Elect Director C. Ronald Blankenship For For Management 1.4 Elect Director A. R. Carpenter For For Management 1.5 Elect Director J. Dix Druce, Jr. For For Management 1.6 Elect Director Mary Lou Fiala For For Management 1.7 Elect Director Bruce M. Johnson For For Management 1.8 Elect Director Douglas S. Luke For For Management 1.9 Elect Director John C. Schweitzer For For Management 1.10 Elect Director Thomas G. Wattles For For Management 1.11 Elect Director Terry N. Worrell For For Management - -------------------------------------------------------------------------------- ROUSE CO., THE Ticker: RSE Security ID: 779273101 Meeting Date: NOV 9, 2004 Meeting Type: Special Record Date: OCT 8, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For For Management 2 Adjourn Meeting For For Management - -------------------------------------------------------------------------------- SENIOR HOUSING PROPERTIES TRUST Ticker: SNH Security ID: 81721M109 Meeting Date: MAY 10, 2005 Meeting Type: Annual Record Date: MAR 14, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director F.N. Zeytoonjian For For Management - -------------------------------------------------------------------------------- SHURGARD STORAGE CENTERS, INC. Ticker: SHU Security ID: 82567D104 Meeting Date: MAY 6, 2005 Meeting Type: Annual Record Date: MAR 11, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Anna Karin Andrews For For Management 1.2 Elect Director David K. Grant For For Management 1.3 Elect Director Raymond A. Johnson For For Management 1.4 Elect Director W. Thomas Porter For For Management 1.5 Elect Director Gary E. Pruitt For For Management 2 Declassify the Board of Directors For For Management 3 Ratify Auditors For For Management 4 Require a Majority Vote for the Election Against Against Shareholder of Directors - -------------------------------------------------------------------------------- SIMON PROPERTY GROUP, INC. Ticker: SPG Security ID: 828806109 Meeting Date: MAY 11, 2005 Meeting Type: Annual Record Date: MAR 14, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Birch Bayh For For Management 1.2 Elect Director Melvyn E. Bergstein For For Management 1.3 Elect Director Linda Walker Bynoe For For Management 1.4 Elect Director Karen N. Horn, Ph.D. For For Management 1.5 Elect Director Reuben S. Leibowitz For For Management 1.6 Elect Director J. Albert Smith, Jr. For For Management 1.7 Elect Director Pieter S. Van Den Berg For For Management 2 Ratify Auditors For For Management 3 Report on Greenhouse Gas Emissions and Against Against Shareholder Energy Efficiency - -------------------------------------------------------------------------------- SL GREEN REALTY CORP. Ticker: SLG Security ID: 78440X101 Meeting Date: MAY 19, 2005 Meeting Type: Annual Record Date: MAR 30, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Marc Holliday For For Management 1.2 Elect Director John S. Levy For For Management 2 Ratify Auditors For For Management 3 Approve Omnibus Stock Plan For For Management - -------------------------------------------------------------------------------- SPIRIT FINANCE CORPORATON Ticker: SFC Security ID: 848568309 Meeting Date: MAY 20, 2005 Meeting Type: Annual Record Date: MAR 14, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Morton H. Fleischer For For Management 1.2 Elect Director Christopher H. Volk For For Management 1.3 Elect Director Linda J. Blessing, Ph.D. For For Management 1.4 Elect Director Willie R. Barnes For For Management 1.5 Elect Director Dennis E. Mitchem For For Management 1.6 Elect Director Paul F. Oreffice For For Management 1.7 Elect Director Jim R. Parish For For Management 1.8 Elect Director Kenneth B. Roath For For Management 1.9 Elect Director Casey J. Sylla For For Management 1.10 Elect Director Shelby Yastrow For For Management 2 Amend Articles For For Management 3 Amend Omnibus Stock Plan For For Management 4 Ratify Auditors For For Management - -------------------------------------------------------------------------------- STARWOOD HOTELS & RESORTS WORLDWIDE, INC. Ticker: HOT Security ID: 85590A203 Meeting Date: MAY 5, 2005 Meeting Type: Annual Record Date: MAR 17, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Charlene Barshefsky For For Management 1.2 Elect Director Jean-Marc Chapus For For Management 1.3 Elect Director Bruce W. Duncan For For Management 1.4 Elect Director Steven J. Heyer For For Management 1.5 Elect Director Eric Hippeau For For Management 1.6 Elect Director Steven Quazzo For For Management 1.7 Elect Director Thomas O. Ryder For For Management 1.8 Elect Director Barry S. Sternlicht For For Management 1.9 Elect Director Daniel W. Yih For For Management 1.10 Elect Director Kneeland C. Youngblood For For Management 2 Ratify Auditors For For Management 3 Amend Executive Incentive Bonus Plan For For Management 4 Provide for Confidential Voting Against Against Shareholder 5 Expense Stock Options Against For Shareholder - -------------------------------------------------------------------------------- SUNSTONE HOTEL INVESTORS, INC. Ticker: SHO Security ID: 867892101 Meeting Date: MAY 10, 2005 Meeting Type: Annual Record Date: APR 1, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert A. Alter For For Management 1.2 Elect Director Lewis N. Wolff For For Management 1.3 Elect Director Z. Jamie Behar For For Management 1.4 Elect Director Barbara S. Brown For For Management 1.5 Elect Director Anthony W. Dona For For Management 1.6 Elect Director Paul D. Kazilionis For For Management 1.7 Elect Director Jonathan H. Paul For For Management 1.8 Elect Director Keith P. Russell For For Management 1.9 Elect Director David M. Siegel For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- TAUBMAN CENTERS, INC. Ticker: TCO Security ID: 876664103 Meeting Date: MAY 18, 2005 Meeting Type: Annual Record Date: MAR 23, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert S. Taubman For For Management 1.2 Elect Director Lisa A. Payne For For Management 2 Approve Restricted Stock Plan For For Management 3 Approve Outside Director Stock For For Management Awards/Options in Lieu of Cash 4 Ratify Auditors For For Management - -------------------------------------------------------------------------------- TRIZEC PROPERTIES, INC. Ticker: TRZ Security ID: 89687P107 Meeting Date: MAY 19, 2005 Meeting Type: Annual Record Date: MAR 24, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Peter Munk For For Management 1.2 Elect Director Timothy H. Callahan For For Management 1.3 Elect Director L. Jay Cross For For Management 1.4 Elect Director Brian Mulroney For For Management 1.5 Elect Director James J. O'Connor For For Management 1.6 Elect Director Glenn J. Rufrano For For Management 1.7 Elect Director Richard M. Thomson For For Management 1.8 Elect Director Polyvios C. Vintiadis For For Management 1.9 Elect Director Stephen R. Volk For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- VENTAS, INC. Ticker: VTR Security ID: 92276F100 Meeting Date: MAY 24, 2005 Meeting Type: Annual Record Date: MAR 28, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Debra A. Cafaro For For Management 1.2 Elect Director Ronald G. Geary For For Management 1.3 Elect Director Douglas Crocker II For For Management 1.4 Elect Director Christopher T. Hannon For For Management 1.5 Elect Director Thomas C. Theobald For For Management 1.6 Elect Director Jay M. Gellert For For Management 1.7 Elect Director Sheli Z. Rosenberg For For Management 2 Ratify Auditors For For Management 3 Approve Qualified Employee Stock Purchase For For Management Plan - -------------------------------------------------------------------------------- VORNADO REALTY TRUST Ticker: VNO Security ID: 929042109 Meeting Date: MAY 18, 2005 Meeting Type: Annual Record Date: APR 15, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Anthony Deering For For Management 1.2 Elect Director Michael Lynne For For Management 1.3 Elect Director Robert H. Smith For For Management 1.4 Elect Director Ronald Targan For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- WYNDHAM INTERNATIONAL, INC. Ticker: WBR Security ID: 983101106 Meeting Date: JUL 1, 2004 Meeting Type: Annual Record Date: MAY 26, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Karim Alibhai For For Management 1.2 Elect Director Leonard Boxer For For Management 1.3 Elect Director Adela Cepeda For For Management 1.4 Elect Director Milton Fine For For Management 1.5 Elect Director Fred J. Kleisner For For Management 1.6 Elect Director Rolf E. Ruhfus For For Management 1.7 Elect Director Lynn C. Swann For Withhold Management 1.8 Elect Director Sherwood M. Weiser For For Management 1.9 Elect Director Marc A. Beilinson For For Management 1.10 Elect Director Paul Fribourg For For Management 1.11 Elect Director Lawrence J. Ruisi For For Management 2 Ratify Auditors For For Management ========== END NPX REPORT 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): Morgan Stanley Real Estate Fund ---------------------------------------------------------------- By (Signature and Title): /s/ Ronald E. Robison Principal Executive Officer - Office of the Funds ----------------------------------------------------- Date August 25, 2005 -------------------------------------------------------------------------- 2
