Virtus Total Return Fund N-PX Annual report of proxy voting record

UNITED STATES

SECURITES 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: 811-21680

DIVIDEND CAPITAL REALTY

INCOME ALLOCATION FUND

(Exact name of registrant as specified in charter)

518 17^th Street, Suite 1200, Denver, Colorado 80202

(Address of principal executive offices) (Zip code)

Derek Mullins

Dividend Capital Realty Income Allocation Fund

518 17^th Street, Suite 1200

Denver, Colorado 80202

(Name of address of agent for service)

Registrant’s telephone number, including area code: (303) 228-2200

Date of fiscal year end: September 30

Date of reporting period: February 24, 2005 to June 30, 2005

NAME:	Inland Real Estate Corporation
Ticker:	IRC
Meeting Date:	June 23, 2005
Record Date:	April 20, 2005
Security ID:	457461200
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Roland W. Burris	For	For	Management
	1.2	Elect Director Thomas P. D’Arcy	For	For	Management
	1.3	Elect Director Daniel L. Goodwin	For	For	Management
	1.4	Elect Director Joel G. Herter	For	For	Management
	1.5	Elect Director Heidi N. Lawton	For	For	Management
	1.6	Elect Director Thomas H. McAuley	For	For	Management
	1.7	Elect Director Thomas R. McWilliams	For	For	Management
	1.8	Elect Director Robert D. Parks	For	For	Management
	1.9	Elect Director Joel D. Simmons	For	For	Management
	2	Ratify the Appointment of KPMG LLP as our Independent Registered Public Accounting Firm for the Fiscal Year Ending 2005	For	For	Management
	3	Approve the 2005 Equity Award Plan	For	Against	Management
	4	Approve Amendments to Article VI of Our Third Articles of Amendment and Restatement to Increase the Number of Shares of Common Stock Authorized for Issuance from 100 Million Shares to 500 Million Shares	For	Against	Management
	5	Approve Amendments to Article VII of Our Third Articles of Amendment and Restatement to Clarify that Restrictions on Ownership do not and can not in any way Impede Settlement of Trades in Our Common Stock	For	For	Management
NAME:	Accredited Mortgage Loan REIT Trust
Ticker:	LEND
Meeting Date:	May 26, 2005
Record Date:	March 30, 2005
Security ID:	00438G205
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director James A. Konrath	For	For	Management
	1.2	Elect Director James H. Berglund	For	For	Management
	1.3	Elect Director Gary M. Erickson	For	For	Management
	1.4	Elect Director Bowers W. Espy	For	For	Management
	1.5	Elect Director Jody A. Gunderson	For	For	Management
	1.6	Elect Director Joseph J. Lyndon	For	For	Management
	1.7	Elect Director Ray W. Mckewon	For	For	Management
	1.8	Elect Director Richard T Pratt, DBA	For	For	Management
	2	Ratify the Appointment of Deloitte & Touche LLP as Public Accounting Firm for the Fiscal Year Ending December 31, 2005	For	For	Management
NAME:	Trustreet Properties
Ticker:	TSY
Meeting Date:	June 23, 2005
Record Date:	April 29, 2005
Security ID:	898404108
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Robert A Bourne	For	For	Management
	1.2	Elect Director Steven Dawson	For	For	Management
	1.3	Elect Director Richard Hostetter	For	For	Management
	1.4	Elect Director Richard Huesman	For	For	Management
	1.5	Elect Director James H. Kropp	For	For	Management
	1.6	Elect Director Joseph Kruse	For	For	Management
	1.7	Elect Director Curtis B. McWilliams	For	For	Management
	1.8	Elect Director James M. Seneff	For	For	Management
	1.9	Elect Director Robert J. Stetson	For	For	Management
NAME:	The Mills Corporation
Ticker:	MLS
Meeting Date:	June 7, 2005
Record Date:	April 22, 2005
Security ID:	601148109
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Laurence C Siegel	For	For	Management
	1.2	Elect Director Franz Von Perfall	For	For	Management
	1.3	Elect Director Cristina L. Rose	For	For	Management
	1.4	Elect Director Colombe M. Nicholas	For	For	Management
	2	Proposal to Ratify the Appointment of Ernst & Young LLP as Auditors for 2005	For	For	Management
NAME:	Global Signal
Ticker:	GSL
Meeting Date:	May 17, 2005
Record Date:	April 13, 2005
Security ID:	37944Q103
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Robert Gidel	For	For	Management
	1.2	Elect Director Mark Whiting	For	For	Management
	2	Appointment of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year 2005	For	For	Management

NAME:	Vornado Realty Trust
Ticker:	VNO
Meeting Date:	May 18, 2005
Record Date:	April 15, 2005
Security ID:	929042109
Meeting Type:	Annual
	#	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	Ratification of the Selection of Independent Auditors	For	For	Management
NAME:	Hanover Capital Mortgage Holdings
Ticker:	HCM
Meeting Date:	May 20, 2005
Record Date:	April 6, 2005
Security ID:	410761100
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Joyce S. Mizerak	For	For	Management
	1.2	Elect Director James F. Stone	For	For	Management
	1.3	Elect Director Irma N. Tavares	For	For	Management
	2	To Consider and Act upon a Proposal to Ratify, Confirm and Approve the Selection of Grant Thorton LLP as the Independent Accountants for the Fiscal Year Ending December 31, 2005	For	For	Management
NAME:	The Macerich Company
Ticker:	MAC
Meeting Date:	May 19, 2005
Record Date:	March 7, 2005
Security ID:	554382101
Meeting Type:	Annual
	#	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	Ratification of the Appointment of Deloitte & Touche LLP as the Company’s Independent Auditors for the Year Endind December 31, 2005	For	For	Management
NAME:	Anthracite Capital, Inc.
Ticker:	AHR
Meeting Date:	May 24, 2005
Record Date:	March 31, 2005
Security ID:	037023108
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Hugh R. Frater	For	For	Management
	1.2	Elect Director Jefferey C. Keil	For	For	Management
	2	Ratify the Appointment of Deloitte & Touche LLP as Independent Auditors for the Fiscal Year Ending December 31, 2005	For	For	Management
NAME:	SL Green Realty Corp.
Ticker:	SLG
Meeting Date:	May 19, 2005
Record Date:	March 30, 2005
Security ID:	78440X101
Meeting Type:	Annual
	#	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 the Selection of Ernst & Young LLP as our Independent Auditors for the Fiscal Year Ending December 31, 2005	For	For	Management
	3	Approve 2005 Stock Option and Incentive Plan	For	Against	Management
NAME:	Chartwell Senior Housing Reit
Ticker:	CSH-U
Meeting Date:	May 25, 2005
Record Date:	April 22, 2005
Security ID:	16140U209
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1	The Election of Nominees for Trustees of REIT	For	For	Management
	2	The Election of the Nominees for Trustees of CSH Trust and Directing the Trustees to Vote the Units of Cash Held by The REIT so as to Elect such Nominees as Trustees of CSH	For	For	Management
	3	The Election of Nominees for Directors of Chartwell Master Care Corporation (“CMCC”) and Directing the Trustees to Vote the Common Shares of CMCC held by the REIT so as to Elect such Nominees as Directors of CMCC	For	For	Management
	4	Reappointment of KPMG LLP, Chartered Accountants as Auditors of the REIT at a Remuneration to be Determined by the Trustees	For	For	Management
	5	Special Resolution Amending Article 4.1 (a) of the Amended and Restated Declaration of Trust of the REIT dated November 14, 2003 regarding Investments of the REIT in the United States	For	Against	Management
	6	Special Resolution Amending Article 4.2 (f) of the Declaration of Trust regarding the Maximum Amount and Type of Indebtedness of the REIT	For	Against	Management
	7	Special Resolution Amending Article 4.2 (g) of the Declaration of Trust regarding the Requirement of Obtaining a Legal Opinion or Advance Income Tax Ruling in Connection with the Provision of Guarantees by the REIT	For	Against	Management
	8	Special Resolution Amending Article 5.1 and 1.1 of the Declaration of Trust regarding the Determination of Distributable Income	For	For	Management
	9	The Resolutions amending the Long-Term Incentive Plan of the REIT including Increasing the Number of Units authorized for Distribution under the Incentive Plan	For	For	Management

NAME:	Newcastle Investment Corp.
Ticker:	NCT
Meeting Date:	May 17, 2005
Record Date:	April 15, 2005
Security ID:	65105M108
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Wesley R. Edens	For	For	Management
	1.2	Elect Director David K. McKown	For	For	Management
	2	Proposal to Approve the Appointment of Ernst & Young LLP as the Company’s Independent Auditors for the Fiscal Year 2005	For	For	Management
NAME:	BioMed Realty Trust
Ticker:	BMR
Meeting Date:	May 18, 2005
Record Date:	April 1, 2005
Security ID:	09063H107
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Alan D. Gold	For	For	Management
	1.2	Elect Director Barbara R. Cambon	For	For	Management
	1.3	Elect Director Edward A. Dennis, PH.D.	For	For	Management
	1.4	Elect Director Gary A Kreitzer	For	For	Management
	1.5	Elect Director Mark J. Riedy, PH.D.	For	For	Management
	1.6	Elect Director Theodore D. Roth	For	For	Management
	1.7	Elect Director M. Faye Wilson	For	For	Management
NAME:	Starwood Hotels & Resorts
Ticker:	HOT
Meeting Date:	May 5, 2005
Record Date:	March 17, 2005
Security ID:	85590A203
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Barshefsky	For	For	Management
	1.2	Elect Director Chapus	For	For	Management
	1.3	Elect Director Duncan	For	For	Management
	1.4	Elect Director Heyer	For	For	Management
	1.5	Elect Director Hippeau	For	For	Management
	1.6	Elect Director Quazzo	For	For	Management
	1.7	Elect Director Ryder	For	For	Management
	1.8	Elect Director Sternlicht	For	For	Management
	1.9	Elect Director Lih	For	For	Management
	1.1	Elect Director Youngblood	For	For	Management
	2	Rattification of the Appointment of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for 2005	For	For	Management
	3	Reapproval of Annual Incentive Plan for Certain Executive	For	For	Management
	4	Stockholder Proposal Recommending that the Board of Directors adopt a Confidential Voting Policy	Against	For	Stockholder
	5	Stockholder Proposal Requesting that the Board of Directors Act to Expese Stock Options	Against	Against	Stockholder
NAME:	Prologis
Ticker:	PLD
Meeting Date:	May 18, 2005
Record Date:	March 21, 2005
Security ID:	743410102
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director K.D. Brooksher	For	For	Management
	1.2	Elect Director W.C. Rakowich	For	For	Management
	1.3	Elect Director J.H. Schwartz	For	For	Management
	1.4	Elect Director K.N. Stensby	For	For	Management
	2	Approval of Amendment to the Company’s Declaration of Trust to Eliminate the Classified Board of Trustees and Provide for The Annual Election of Trustees	For	For	Management
	3	Ratify the Appointment of the Independent Registered Public Accounting Firm for 2005	For	For	Management
	4	To Vote and Otherwise Represent the Undersigned on Any Matter that may Properly come before the Meeting or Any Adjourment or Postponement therof in the Discretion of the Proxy Holder	For	For	Management
NAME:	Riocan Real Esate Investment Trust
Ticker:	REI-U
Meeting Date:	May 11, 2005
Record Date:	March 28, 2005
Security ID:	766910103
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1	Elect Members of Board of Trustees	For	For	Management
	2	Apointment of Soberman LLP as Auditors and Authorization of RIOCAN’s Board of Trustees to fix the Auditors’ Remuneration	For	For	Management
	3	Proposed Amendment to the Declaration of Trust	For	For	Management
	4	Proposed Amendment to Riocan REIT’s Unit Option Plan	For	For	Management

NAME:	CRT Properties
Ticker:	CRO
Meeting Date:	May 18, 2005
Record Date:	March 24, 2005
Security ID:	22876P109
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Pike Aloian	For	For	Management
	1.2	Elect Director Benjamin C. Bishop	For	For	Management
	1.3	Elect Director Thomas J. Crocker	For	For	Management
	1.4	Elect Director Peter J. Farrell	For	For	Management
	1.5	Elect Director David B. Hiley	For	For	Management
	1.6	Elect Director Vivtor A. Hughes Jr.	For	For	Management
	1.7	Elect Director Randall F. Paulson	For	For	Management
	1.8	Elect Director George F. Staudter	For	For	Management
	2	Approve Reincorporation from Florida to Maryland	For	For	Management
	3	Approve 2005 Employee Stock Investment Plan	For	For	Management
	4	Ratify Selection of Deloitte & Touche LLP as Independent Accountants for the fiscal year ending December 31, 2005	For	For	Management
NAME:	Alexandria Real Estate Equities, INC.
Ticker:	ARE
Meeting Date:	05/19/05
Record Date:	03/31/05
Security ID:	015271109
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Jerry M. Sudarsky	For	For	Management
	1.2	Elect Director Joel S. Marcus	For	For	Management
	1.3	Elect Director James H. Richardson	For	For	Management
	1.4	Elect Director Richard B. Jennings	For	For	Management
	1.5	Elect Director Richard H. Klein	For	For	Management
	1.6	Elect Director Alan G. Walton	For	For	Management
	1.7	Elect Director Richmond A. Wolf	For	For	Management
	2	Ratification of the Appointment of Ernst & Young LLP to Serve as the Company’s Independent Registered Public Accountants for Fiscal Year Ending December 31, 2005	For	For	Management
NAME:	Kite Realty Group Trust
Ticker:	KRG
Meeting Date:	05/13/05
Record Date:	03/15/05
Security ID:	49803T102
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Alvin E. Kite, Jr.	For	For	Management
	1.2	Elect Director John A. Kite	For	For	Management
	1.3	Elect Director William E. Bindley	For	For	Management
	1.4	Elect Director Dr. Richard A. Cosier	For	For	Management
	1.5	Elect Director Eugen Golub	For	For	Management
	1.6	Elect Director Gerald L. Moss	For	For	Management
	1.7	Elect Director Michael L. Smith	For	For	Management
NAME:	American Campus Communities, Inc.
Ticker:	ACC
Meeting Date:	05/12/05
Record Date:	03/18/05
Security ID:	024835100
Meeting Type:	Annual
	#	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
NAME:	St. Joe Company
Ticker:	JOE
Meeting Date:	5/17/05
Record Date:	03/31/05
Security ID:	790148100
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Michael L. Ainslie	For	For	Management
	1.2	Elect Director John S. Lord	For	For	Management
	1.3	Elect Director Hugh M. Durden	For	For	Management
	1.4	Elect Director Walter L. Revell	For	For	Management
	1.5	Elect Director Thomas A. Fanning	For	For	Management
	1.6	Elect Director Peter S. Rummell	For	For	Management
	1.7	Elect Director Adam W. Herbert JR.	For	For	Management
	1.8	Elect Director William H. Walton, III	For	For	Management
	1.9	Elect Director Delores M. Kesler	For	For	Management
	2	Ratify Appointment of KPMG LLP as Independent Auditors of the Company for the 2005 Fiscal Year	For	For	Management

NAME:	Hilton Hotels Corporation
Ticker:	HLT
Meeting Date:	05/26/05
Record Date:	03/28/05
Security ID:	432848109
Meeting Type:	Annual
	#	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 the Appointment of Ernst & Young LLP to Serve as the Company’s Independent Registered Public Accounting Firm for 2005	For	For	Management
	3	A Stockholder Proposal Concering Stockholder Approval of severance agreements	Against	For	Stockholder
	4	A Stockholder Proposal Concerning Voting Standards for the Election of Directors	Against	Against	Stockholder
NAME:	Federal Realty Investment Trust
Ticker:	FRT
Meeting Date:	05/04/05
Record Date:	03/16/05
Security ID:	313747206
Meeting Type:	Annual
	#	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 the Appointment of Grant Thorton LLP as the Trust’s Independent Accountants for the Fiscal Year Ending December 31, 2005	For	For	Management
	3	To Consider a Shareholder Proposal to Modify the Shareholder Vote to a Majority Vote	Against	Against	Shareholder
NAME:	Archstone-Smith Trust
Ticker:	ASN
Meeting Date:	05/04/05
Record Date:	03/08/05
Security ID:	039583109
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director James A. Cardwel	For	For	Management
	1.2	Elect Director Robert P. Kogod	For	For	Management
	1.3	Elect Director James H. Polk, III	For	For	Management
	2	Ammendment to the Declaration of Trust to Eliminate the Classification of Trustees	For	For	Management
	3	Ratification of the Appointment of KPMG LLP as Auditors for the Current Fiscal Year	For	For	Management
NAME:	Strategic Hotel Capital, INC.
Ticker:	SLH
Meeting Date:	05/18/05
Record Date:	03/24/05
Security ID:	86272T106
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Robert P. Bowen	For	For	Management
	1.2	Elect Director John C. Deterding	For	For	Management
	1.3	Elect Director Robert M. Falzon	For	For	Management
	1.4	Elect Director Laurence S. Geller	For	For	Management
	1.5	Elect Director Thomas A. Hassard	For	For	Management
	1.6	Elect Director Jonathon Langer	For	For	Management
	1.7	Elect Director Robert J. Watson	For	For	Management
	2	Ratification of the Appointment of Deloitte and Touche LLP as Independent Auditors for the Fiscal Year Ending December 31, 2005	For	For	Management
	3	Vote of other matters that should come before the annual meeting	For	For	Management
NAME:	First Potomac Realty Trust
Ticker:	FPO
Meeting Date:	05/20/05
Record Date:	03/14/05
Security ID:	33610F109
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Robert H. Arnold	For	For	Management
	1.2	Elect Director Richard B. Chess	For	For	Management
	1.3	Elect Director Douglas J. Donatelli	For	For	Management
	1.4	Elect Director Louis T. Donatelli	For	For	Management
	1.5	Elect Director J. Roderick Heller, III	For	For	Management
	1.6	Elect Director R. Michael Mccullough	For	For	Management
	1.7	Elect Director Terry L. Stevens	For	For	Management
	2	Approve ammendment to Increase the Number of Common Shares that may be Issued Under the Company’s 2003 Equity Compensation Plan	For	Against	Management

NAME:	CBL & Associates Properties, Inc.
Ticker:	CBL
Meeting Date:	05/09/05
Record Date:	03/14/05
Security ID:	124830100
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Charles B. Lebovitz	For	For	Management
	1.2	Elect Director Claude M. Ballard	For	For	Management
	1.3	Elect Director Garly L. Bryenton	For	For	Management
	1.4	Elect Director Leo Fields	For	For	Management
	2	To Act upon a Proposal to Approve an Amendment to the Company’s Amended and Restated Certificate of Incorporation to Increase the Number of Authorized Shares of the Company’s Common Stock, Par Value $0.01 per Share, From 95,000,000 to 180,000,000 Shares.	For	For	Management
	3	To Ratify the Selection of Deloitte and Touche LLP as the Independent Registered Public Accountants for the Company’s Fiscal Year Ending December 31, 2005	For	For	Management
NAME:	Public Storage, Inc.
Ticker:	PSA
Meeting Date:	05/05/05
Record Date:	03/23/05
Security ID:	74460D109
Meeting Type:	Annual
	#	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 Wayne Hughes, Jr.	For	For	Management
	1.10	Elect Director Daniel C. Staton	For	For	Management
	2	Approval of company’s performacne-based compensation plan	For	Against	Management
	3	Ratification of Appointment of Ernst & Young LLP, Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2005	For	For	Management
NAME:	Felcor Lodging Trust Inc.
Ticker:	FCH
Meeting Date:	05/17/05
Record Date:	03/21/05
Security ID:	31430F101
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Thomas J. Corcoran, Jr.	For	For	Management
	1.2	Elect Director Donald J. McNamara	For	For	Management
	1.3	Elect Director Michael D. Rose	For	For	Management
	1.4	Elect Director David C. Kloeppel	For	For	Management
	2	Approval of Felcor’s 2005 Restricted Stock and Stock Option Plan	For	For	Management
	3	Ratification of Appointment of PricewaterhouseCoopers LLP as Independent Auditors	For	For	Management
NAME:	Boardwalk Real Estate Investment Trust
Ticker:	BEI-U
Meeting Date:	05/10/05
Record Date:	03/31/05
Security ID:	096631106
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1	Election of Nominees	For	For	Management
	2	Appointment of Deloitte & Touche as Auditors	For	For	Management
NAME:	Pennsylvania Real Estate Investment Trust
Ticker:	PEI
Meeting Date:	05/19/05
Record Date:	04/01/05
Security ID:	709102107
Meeting Type:	Annual
	#	Proposal	Mgt Rec	Vote Cast	Sponsor
	1.1	Elect Director Lee H. Javitch	For	For	Management
	1.2	Elect Director Mark E. Pasquerilla	For	For	Management
	1.3	Elect Director John J. Roberts	For	For	Management
	1.4	Elect Director Jonathon B. Weller	For	For	Management
	2	Ratification of the Selection of KPMG LLP as Independent Auditor for 2005	For	For	Management

SIGNATURE

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.

Dividend Capital Realty Income Allocation Fund

By:	/s/ Thomas Florence
	Thomas I. Florence
	President
	(Principal Executive Officer)
Date: August 25, 2005