Vanguard Energy Fund NPX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD

REGISTERED MANAGEMENT INVESTMENT COMPANIES

INVESTMENT COMPANY ACT FILE NUMBER: 811-3916

NAME OF REGISTRANT: VANGUARD SPECIALIZED FUNDS

ADDRESS OF REGISTRANT: PO BOX 2600, VALLEY FORGE, PA 19482

NAME AND ADDRESS OF AGENT FOR SERVICE: HEIDI STAM

PO BOX 876

VALLEY FORGE, PA 19482

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (610) 669-1000

DATE OF FISCAL YEAR END: JANUARY 31

DATE OF REPORTING PERIOD: JULY 1, 2009 - JUNE 30, 2010

FUND: VANGUARD REIT INDEX FUND

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ISSUER: ACADIA REALTY TRUST

TICKER: AKR CUSIP: 004239109

MEETING DATE: 5/10/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: KENNETH F. BERNSTEIN ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: DOUGLAS CROCKER II ISSUER YES FOR FOR

ELECTION OF DIRECTOR: LORRENCE T. KELLAR ISSUER YES FOR FOR

ELECTION OF DIRECTOR: WENDY LUSCOMBE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: WILLIAM T. SPITZ ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: LEE S. WIELANSKY ISSUER YES FOR &# 160; FOR

PROPOSAL #02: THE RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

BDO SEIDMAN, LLP AS THE INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE COMPANY FOR THE FISCAL YEAR

ENDING DECEMBER 31, 2010.

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ISSUER: ALEXANDER'S, INC.

TICKER: ALX CUSIP: 014752109

MEETING DATE: 5/13/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: MICHAEL D. FASCITELLI ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: THOMAS R. DIBENEDETTO ISSUER YES FOR 60; FOR

PROPOSAL #02: RATIFICATION OF SELECTION OF ISSUER YES FOR 60; FOR

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.

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ISSUER: ALEXANDRIA REAL ESTATE EQUITIES, INC.

TICKER: ARE CUSIP: 015271109

MEETING DATE: 5/27/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JOEL S. MARCUS ISSUER YES FOR FOR

ELECTION OF DIRECTOR: RICHARD B. JENNINGS ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: JOHN L. ATKINS, III ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: RICHARD H. KLEIN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: JAMES H. RICHARDSON ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: MARTIN A. SIMONETTI ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: ALAN G. WALTON ISSUER YES FOR FOR

PROPOSAL #2: APPROVAL OF THE AMENDMENT AND ISSUER YES FOR 60; FOR

RESTATEMENT OF THE COMPANY'S AMENDED AND RESTATED

1997 STOCK AWARD AND INCENTIVE PLAN.

PROPOSAL #3: RATIFICATION OF THE APPOINTMENT OF ERNST ISSUER YES FOR FOR

& YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED

PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING

DECEMBER 31, 2010.

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ISSUER: AMB PROPERTY CORPORATION

TICKER: AMB CUSIP: 00163T109

MEETING DATE: 5/6/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECTION OF DIRECTOR: T. ROBERT BURKE ISSUER YES FOR FOR

PROPOSAL #1B: ELECTION OF DIRECTOR: DAVID A. COLE ISSUER YES FOR FOR

PROPOSAL #1C: ELECTION OF DIRECTOR: LYDIA H. KENNARD ISSUER YES FOR FOR

PROPOSAL #1D: ELECTION OF DIRECTOR: J. MICHAEL LOSH ISSUER YES FOR FOR

PROPOSAL #1E: ELECTION OF DIRECTOR: HAMID R. MOGHADAM ISSUER YES FOR FOR

PROPOSAL #1F: ELECTION OF DIRECTOR: FREDERICK W. REID ISSUER YES FOR FOR

PROPOSAL #1G: ELECTION OF DIRECTOR: JEFFREY L. SKELTON ISSUER YES FOR FOR

PROPOSAL #1H: ELECTION OF DIRECTOR: THOMAS W. TUSHER ISSUER YES FOR FOR

PROPOSAL #1I: ELECTION OF DIRECTOR: CARL B. WEBB ISSUER YES FOR FOR

PROPOSAL #2: RATIFICATION OF THE SELECTION OF ISSUER YES FOR FOR

PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM OF AMB PROPERTY

CORPORATION FOR THE FISCAL YEAR ENDING DECEMBER 31,

2010.

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ISSUER: AMERICAN CAMPUS COMMUNITIES, INC.

TICKER: ACC CUSIP: 024835100

MEETING DATE: 5/6/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: WILLIAM C. BAYLESS JR. ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: R.D. BURCK ISSUER YES FOR FOR

ELECTION OF DIRECTOR: G. STEVEN DAWSON ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: CYDNEY C. DONNELL ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: EDWARD LOWENTHAL ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: JOSEPH M. MACCHIONE ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: WINSTON W. WALKER ISSUER YES FOR & #160; FOR

PROPOSAL #02: APPROVAL OF THE AMERICAN CAMPUS ISSUER YES FOR FOR

COMMUNITIES, INC. 2010 INCENTIVE AWARD PLAN

PROPOSAL #03: RATIFICATION OF ERNST & YOUNG AS OUR ISSUER YES FOR FOR

INDEPENDENT AUDITORS FOR 2010

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ISSUER: APARTMENT INVESTMENT AND MANAGEMENT CO.

TICKER: AIV CUSIP: 03748R101

MEETING DATE: 4/26/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECTION OF DIRECTOR: JAMES N. BAILEY ISSUER YES FOR FOR

PROPOSAL #1B: ELECTION OF DIRECTOR: TERRY CONSIDINE ISSUER YES FOR FOR

PROPOSAL #1C: ELECTION OF DIRECTOR: RICHARD S. ELLWOOD ISSUER YES FOR FOR

PROPOSAL #1D: ELECTION OF DIRECTOR: THOMAS L. KELTNER ISSUER YES FOR FOR

PROPOSAL #1E: ELECTION OF DIRECTOR: J. LANDIS MARTIN ISSUER YES FOR FOR

PROPOSAL #1F: ELECTION OF DIRECTOR: ROBERT A. MILLER ISSUER YES FOR FOR

PROPOSAL #1G: ELECTION OF DIRECTOR: KATHLEEN M. NELSON ISSUER YES FOR FOR

PROPOSAL #1H: ELECTION OF DIRECTOR: MICHAEL A. STEIN ISSUER YES FOR FOR

PROPOSAL #02: TO RATIFY THE SELECTION OF ERNST & ISSUER YES FOR FOR

YOUNG LLP TO SERVE AS THE INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR AIMCO FOR THE YEAR ENDING

DECEMBER 31, 2010.

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ISSUER: ASHFORD HOSPITALITY TRUST, INC.

TICKER: AHT CUSIP: 044103109

MEETING DATE: 5/18/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: ARCHIE BENNETT, JR. ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MONTY J. BENNETT ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: BENJAMIN J. ANSELL, MD ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: THOMAS E. CALLAHAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MARTIN L. EDELMAN ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: W. MICHAEL MURPHY ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: PHILLIP S. PAYNE ISSUER YES FOR &# 160; FOR

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER

31, 2010.

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ISSUER: AVALONBAY COMMUNITIES, INC.

TICKER: AVB CUSIP: 053484101

MEETING DATE: 5/19/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: BRYCE BLAIR ISSUER YES FOR FOR

ELECTION OF DIRECTOR: BRUCE A. CHOATE ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: JOHN J. HEALY, JR. ISSUER YES FOR FOR

ELECTION OF DIRECTOR: TIMOTHY J. NAUGHTON ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: LANCE R. PRIMIS ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: PETER S. RUMMELL ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: H. JAY SARLES ISSUER YES FOR FOR

ELECTION OF DIRECTOR: W. EDWARD WALTER ISSUER YES FOR &# 160; FOR

PROPOSAL #02: TO RATIFY THE SELECTION OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR

THE YEAR ENDING DECEMBER 31, 2010.

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ISSUER: BIOMED REALTY TRUST, INC.

TICKER: BMR CUSIP: 09063H107

MEETING DATE: 5/26/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: ALAN D. GOLD ISSUER YES FOR FOR

ELECTION OF DIRECTOR: BARBARA R. CAMBON ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: EDWARD A. DENNIS PH.D. ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: RICHARD I. GILCHRIST ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: GARY A. KREITZER ISSUER YES WITHHOLD 60; AGAINST

ELECTION OF DIRECTOR: THEODORE D. ROTH ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: M. FAYE WILSON ISSUER YES FOR FOR

PROPOSAL #2: RATIFICATION OF THE SELECTION OF KPMG ISSUER YES FOR FOR

LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2010.

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ISSUER: BOSTON PROPERTIES, INC.

TICKER: BXP CUSIP: 101121101

MEETING DATE: 5/18/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: MORTIMER B. ZUCKERMAN ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: CAROL B. EINIGER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DR. JACOB A. FRENKEL ISSUER YES FOR 0; FOR

PROPOSAL #2: TO APPROVE AN AMENDMENT TO OUR AMENDED ISSUER YES FOR FOR

AND RESTATED CERTIFICATE OF INCORPORATION RELATING TO

THE ELECTION OF DIRECTORS.

PROPOSAL #3: TO RATIFY THE AUDIT COMMITTEE'S ISSUER YES FOR &# 160; FOR

APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS OUR

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE

FISCAL YEAR ENDING DECEMBER 31, 2010.

PROPOSAL #4: TO CONSIDER AND ACT UPON A STOCKHOLDER SHAREHOLDER YES ABSTAIN AGAINST

PROPOSAL CONCERNING THE PREPARATION OF A

SUSTAINABILITY REPORT, IF PROPERLY PRESENTED AT THE

MEETING.

PROPOSAL #5: TO CONSIDER AND ACT UPON A STOCKHOLDER SHAREHOLDER YES AGAINST FOR

PROPOSAL CONCERNING AN INDEPENDENT BOARD CHAIRMAN, IF

PROPERLY PRESENTED AT THE ANNUAL MEETING.

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ISSUER: BRANDYWINE REALTY TRUST

TICKER: BDN CUSIP: 105368203

MEETING DATE: 6/2/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: WALTER D'ALESSIO ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: ANTHONY A. NICHOLS, SR. ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: GERARD H. SWEENEY ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: D. PIKE ALOIAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: WYCHE FOWLER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MICHAEL J. JOYCE ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: CHARLES P. PIZZI ISSUER YES FOR &# 160; FOR

PROPOSAL #02: RATIFICATION OF THE AUDIT COMMITTEE'S ISSUER YES FOR FOR

APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS OUR

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR

CALENDAR YEAR 2010.

PROPOSAL #03: AN AMENDMENT AND RESTATEMENT OF OUR ISSUER YES FOR FOR

AMENDED AND RESTATED 1997 LONG-TERM INCENTIVE PLAN

TO, AMONG OTHER THINGS, INCREASE THE NUMBER OF COMMON

SHARES OF BENEFICIAL INTEREST, PAR VALUE $.01 PER

SHARE, THAT MAY BE ISSUED OR THE SUBJECT OF AWARDS

UNDER THE PLAN BY 6,000,000 SHARES.

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ISSUER: BRE PROPERTIES, INC.

TICKER: BRE CUSIP: 05564E106

MEETING DATE: 5/18/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: IRVING F. LYONS, III ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: PAULA F. DOWNEY ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: EDWARD F. LANGE, JR. ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: CHRISTOPHER J. MCGURK ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: MATTHEW T. MEDEIROS ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: CONSTANCE B. MOORE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JEANNE R. MYERSON ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: JEFFREY T. PERO ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: THOMAS E. ROBINSON ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DENNIS E. SINGLETON ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: THOMAS P. SULLIVAN ISSUER YES FOR FOR

PROPOSAL #2: TO APPROVE AN AMENDMENT TO THE AMENDED ISSUER YES FOR FOR

AND RESTATED 1999 BRE STOCK INCENTIVE PLAN TO

INCREASE THE MAXIMUM NUMBER OF SHARES RESERVED FOR

ISSUANCE THEREUNDER FROM 4,500,000 SHARES TO

PROPOSAL #3: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM OF THE COMPANY.

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ISSUER: CAMDEN PROPERTY TRUST

TICKER: CPT CUSIP: 133131102

MEETING DATE: 5/3/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: RICHARD J. CAMPO ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: WILLIAM R. COOPER ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: SCOTT S. INGRAHAM ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: LEWIS A. LEVEY ISSUER YES FOR FOR

ELECTION OF DIRECTOR: WILLIAM B. MCGUIRE, JR. ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: WILLIAM F. PAULSEN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: D. KEITH ODEN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: F. GARDNER PARKER ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: STEVEN A. WEBSTER ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: KELVIN R. WESTBROOK ISSUER YES FOR ; FOR

PROPOSAL #02: RATIFICATION OF DELOITTE & TOUCHE LLP ISSUER YES FOR FOR

AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.

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ISSUER: CAPLEASE, INC.

TICKER: LSE CUSIP: 140288101

MEETING DATE: 6/16/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: PAUL H. MCDOWELL ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: WILLIAM R. POLLERT ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MICHAEL E. GAGLIARDI ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: STANLEY KREITMAN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: JEFFREY F. ROGATZ ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: HOWARD A. SILVER ISSUER YES FOR &# 160; FOR

PROPOSAL #02: RATIFICATION OF MCGLADREY & PULLEN LLP ISSUER YES FOR FOR

AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

FOR THE YEAR ENDING DECEMBER 31, 2010.

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ISSUER: CBL & ASSOCIATES PROPERTIES, INC.

TICKER: CBL CUSIP: 124830100

MEETING DATE: 10/7/2009 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #01: TO ACT UPON A PROPOSAL TO APPROVE AN ISSUER YES FOR FOR

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 180,000,000 TO

350,000,000 SHARES.

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ISSUER: CBL & ASSOCIATES PROPERTIES, INC.

TICKER: CBL CUSIP: 124830100

MEETING DATE: 5/3/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: STEPHEN D. LEBOVITZ* ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: KATHLEEN M. NELSON* ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: WINSTON W. WALKER* ISSUER YES FOR FOR

ELECTION OF DIRECTOR: THOMAS J. DEROSA** ISSUER YES FOR FOR

PROPOSAL #02: TO RATIFY THE SELECTION OF DELOITTE & ISSUER YES FOR FOR

TOUCHE, LLP AS THE INDEPENDENT REGISTERED PUBLIC

ACCOUNTANTS FOR THE COMPANY'S FISCAL YEAR ENDING

DECEMBER 31, 2010.

PROPOSAL #03: A STOCKHOLDER PROPOSAL REQUESTING THAT SHAREHOLDER YES FOR AGAINST

THE BOARD OF DIRECTORS TAKE THE NECESSARY STEPS TO

DECLASSIFY THE BOARD OF DIRECTORS AND REQUIRE ANNUAL

ELECTION OF ALL THE COMPANY'S DIRECTORS.

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ISSUER: CEDAR SHOPPING CENTERS, INC.

TICKER: CDR CUSIP: 150602209

MEETING DATE: 6/15/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECTION OF DIRECTOR: JAMES J. BURNS ISSUER YES FOR FOR

PROPOSAL #1B: ELECTION OF DIRECTOR: RAGHUNATH DAVLOOR ISSUER YES FOR FOR

PROPOSAL #1C: ELECTION OF DIRECTOR: RICHARD HOMBURG ISSUER YES FOR FOR

PROPOSAL #1D: ELECTION OF DIRECTOR: PAMELA N. HOOTKIN ISSUER YES FOR FOR

PROPOSAL #1E: ELECTION OF DIRECTOR: EVERETT B. ISSUER YES FOR ; FOR

MILLER, III

PROPOSAL #1F: ELECTION OF DIRECTOR: LEO S. ULLMAN ISSUER YES FOR FOR

PROPOSAL #1G: ELECTION OF DIRECTOR: ROGER M. WIDMANN ISSUER YES FOR FOR

PROPOSAL #02: TO APPROVE THE FUTURE SALE OF COMMON ISSUER YES FOR FOR

STOCK TO RIOCAN REAL ESTATE INVESTMENT TRUST.

PROPOSAL #03: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING

FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2010.

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ISSUER: COLONIAL PROPERTIES TRUST

TICKER: CLP CUSIP: 195872106

MEETING DATE: 4/28/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: CARL F. BAILEY ISSUER YES FOR FOR

ELECTION OF DIRECTOR: M. MILLER GORRIE ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: WILLIAM M. JOHNSON ISSUER YES FOR FOR

ELECTION OF DIRECTOR: GLADE M. KNIGHT ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: JAMES K. LOWDER ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: THOMAS H. LOWDER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: HERBERT A. MEISLER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: CLAUDE B. NEILSEN ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: HAROLD W. RIPPS ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: JOHN W. SPIEGEL ISSUER YES FOR 60; FOR

PROPOSAL #2: TO RATIFY THE APPOINMENT OF DELOITTE & ISSUER YES FOR FOR

TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM OF THE COMPANY FOR THE FISCAL YEAR

ENDING DECEMBER 31, 2010.

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ISSUER: CORPORATE OFFICE PROPERTIES TRUST

TICKER: OFC CUSIP: 22002T108

MEETING DATE: 5/13/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JAY H. SHIDLER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: CLAY W. HAMLIN, III ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: THOMAS F. BRADY ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: ROBERT L. DENTON ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DOUGLAS M. FIRSTENBERG ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: RANDALL M. GRIFFIN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DAVID M. JACOBSTEIN ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: STEVEN D. KESLER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: KENNETH S. SWEET, JR. ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: RICHARD SZAFRANSKI ISSUER YES FOR FOR

ELECTION OF DIRECTOR: KENNETH D. WETHE ISSUER YES FOR &# 160; FOR

PROPOSAL #02: APPROVAL OF THE AMENDED AND RESTATED ISSUER YES FOR FOR

2008 OMNIBUS EQUITY AND INCENTIVE PLAN.

PROPOSAL #03: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM.

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ISSUER: COUSINS PROPERTIES INCORPORATED

TICKER: CUZ CUSIP: 222795106

MEETING DATE: 5/4/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: ERSKINE B. BOWLES ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: TOM G. CHARLESWORTH ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: JAMES D. EDWARDS ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: L.L. GELLERSTEDT, III ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: LILLIAN C. GIORNELLI ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: S. TAYLOR GLOVER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: JAMES H. HANCE, JR. ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: W.B. HARRISON, JR. ISSUER YES FOR FOR

ELECTION OF DIRECTOR: WILLIAM PORTER PAYNE ISSUER YES FOR 0; FOR

PROPOSAL #02: PROPOSAL TO AMEND THE COMPANY'S ISSUER YES FOR FOR

RESTATED AND AMENDED ARTICLES OF INCORPORATION TO

INCREASE THE NUMBER OF SHARES OF COMMON STOCK

AUTHORIZED FOR ISSUANCE FROM 150 MILLION TO 250

PROPOSAL #03: PROPOSAL TO RATIFY THE APPOINTMENT OF ISSUER YES FOR FOR

DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR

ENDING DECEMBER 31, 2010.

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ISSUER: DCT INDUSTRIAL TRUST INC.

TICKER: DCT CUSIP: 233153105

MEETING DATE: 5/6/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: THOMAS G. WATTLES ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: PHILIP L. HAWKINS ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: PHILLIP R. ALTINGER ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: THOMAS F. AUGUST ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: JOHN S. GATES, JR. ISSUER YES FOR FOR

ELECTION OF DIRECTOR: TRIPP H. HARDIN ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: JOHN C. O'KEEFE ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: BRUCE L. WARWICK ISSUER YES FOR &# 160; FOR

PROPOSAL #02: TO APPROVE THE DCT INDUSTRIAL TRUST ISSUER YES FOR FOR

INC. SECOND AMENDED AND RESTATED 2006 LONG-TERM

INCENTIVE PLAN TO, AMONG OTHER THINGS, INCREASE THE

NUMBER OF SHARES OF THE COMPANY'S COMMON STOCK, $0.01

PAR VALUE PER SHARE, RESERVED FOR ISSUANCE

THEREUNDER BY 15,000,000 SHARES

PROPOSAL #03: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR 2010

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ISSUER: DEVELOPERS DIVERSIFIED REALTY CORP.

TICKER: DDR CUSIP: 251591103

MEETING DATE: 5/11/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECTION OF DIRECTOR: TERRANCE R. AHERN ISSUER YES FOR FOR

PROPOSAL #1B: ELECTION OF DIRECTOR: JAMES C. BOLAND ISSUER YES FOR FOR

PROPOSAL #1C: ELECTION OF DIRECTOR: THOMAS FINNE ISSUER YES FOR FOR

PROPOSAL #1D: ELECTION OF DIRECTOR: ROBERT H. GIDEL ISSUER �� YES FOR FOR

PROPOSAL #1E: ELECTION OF DIRECTOR: DANIEL B. HURWITZ ISSUER YES FOR FOR

PROPOSAL #1F: ELECTION OF DIRECTOR: VOLKER KRAFT ISSUER YES FOR FOR

PROPOSAL #1G: ELECTION OF DIRECTOR: VICTOR B. ISSUER YES FOR FOR

MACFARLANE

PROPOSAL #1H: ELECTION OF DIRECTOR: CRAIG MACNAB ISSUER YES FOR FOR

PROPOSAL #1I: ELECTION OF DIRECTOR: SCOTT D. ROULSTON ISSUER YES FOR FOR

PROPOSAL #1J: ELECTION OF DIRECTOR: BARRY A. SHOLEM ISSUER YES FOR FOR

PROPOSAL #1K: ELECTION OF DIRECTOR: WILLIAM B. ISSUER YES FOR ; FOR

SUMMERS, JR.

PROPOSAL #1L: ELECTION OF DIRECTOR: SCOTT A. WOLSTEIN ISSUER YES FOR FOR

PROPOSAL #02: TO RATIFY THE SELECTION OF ISSUER YES FOR ; FOR

PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT

ACCOUNTANTS FOR OUR FISCAL YEAR ENDING DECEMBER 31,

2010.

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ISSUER: DIAMONDROCK HOSPITALITY CO

TICKER: DRH CUSIP: 252784301

MEETING DATE: 4/28/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: WILLIAM W. MCCARTEN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DANIEL J. ALTOBELLO ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: W. ROBERT GRAFTON ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: MAUREEN L. MCAVEY ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: GILBERT T. RAY ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JOHN L. WILLIAMS ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: MARK W. BRUGGER ISSUER YES FOR 60; FOR

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF KPMG LLP ISSUER YES FOR FOR

AS THE INDEPENDENT AUDITORS FOR DIAMONDROCK

HOSPITALITY COMPANY FOR THE FISCAL YEAR ENDING

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ISSUER: DIGITAL REALTY TRUST, INC.

TICKER: DLR CUSIP: 253868103

MEETING DATE: 4/27/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: RICHARD A. MAGNUSON ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MICHAEL F. FOUST ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: LAURENCE A. CHAPMAN ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: KATHLEEN EARLEY ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: RUANN F. ERNST, PH.D. ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: DENNIS E. SINGLETON ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: ROBERT H. ZERBST ISSUER YES FOR &# 160; FOR

PROPOSAL #02: RATIFYING THE SELECTION OF KPMG LLP AS ISSUER YES FOR FOR

THE COMPANY'S INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE YEAR ENDED DECEMBER 31, 2010.

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ISSUER: DOUGLAS EMMETT, INC.

TICKER: DEI CUSIP: 25960P109

MEETING DATE: 5/27/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: DAN A. EMMETT ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JORDAN L. KAPLAN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: KENNETH M. PANZER ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: LESLIE E. BIDER ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: G. SELASSIE MEHRETEAB ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: THOMAS E. O'HERN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DR. ANDREA RICH ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: WILLIAM WILSON III ISSUER YES FOR FOR

PROPOSAL #02: PROPOSAL TO RATIFY THE SELECTION OF ISSUER YES FOR FOR

ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER

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ISSUER: DUKE REALTY CORPORATION

TICKER: DRE CUSIP: 264411505

MEETING DATE: 7/22/2009 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #01: PROPOSAL TO APPROVE AN AMENDMENT TO THE ISSUER YES FOR FOR

COMPANY'S THIRD RESTATED ARTICLES OF INCORPORATION

TO INCREASE THE NUMBER OF SHARES OF THE COMPANY'S

COMMON STOCK, PAR VALUE $.01 PER SHARE, AUTHORIZED

THEREUNDER FROM 250 MILLION SHARES TO 400 MILLION

PROPOSAL #02: PROPOSAL TO APPROVE AN AMENDMENT TO THE ISSUER YES AGAINST AGAINST

COMPANY'S THIRD RESTATED ARTICLES OF INCORPORATION

TO INCREASE THE NUMBER OF SHARES OF THE COMPANY'S

PREFERRED STOCK, PAR VALUE $.01 PER SHARE, AUTHORIZED

THEREUNDER FROM FIVE MILLION SHARES TO TEN MILLION

SHARES.

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ISSUER: DUKE REALTY CORPORATION

TICKER: DRE CUSIP: 264411505

MEETING DATE: 4/28/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECTION OF DIRECTOR: THOMAS J. ISSUER YES FOR & #160; FOR

BALTIMORE, JR

PROPOSAL #1B: ELECTION OF DIRECTOR: BARRINGTON H. ISSUER YES FOR FOR

BRANCH

PROPOSAL #1C: ELECTION OF DIRECTOR: GEOFFREY A. BUTTON ISSUER YES FOR FOR

PROPOSAL #1D: ELECTION OF DIRECTOR: WILLIAM CAVANAUGH ISSUER YES FOR FOR

III

PROPOSAL #1E: ELECTION OF DIRECTOR: NGAIRE E. CUNEO ISSUER YES FOR FOR

PROPOSAL #1F: ELECTION OF DIRECTOR: CHARLES R. EITEL ISSUER YES FOR FOR

PROPOSAL #1G: ELECTION OF DIRECTOR: MARTIN C. ISSUER YES FOR FOR

JISCHKE, PHD

PROPOSAL #1H: ELECTION OF DIRECTOR: DENNIS D. OKLAK ISSUER YES FOR FOR

PROPOSAL #1I: ELECTION OF DIRECTOR: JACK R. SHAW ISSUER YES FOR FOR

PROPOSAL #1J: ELECTION OF DIRECTOR: LYNN C. THURBER ISSUER YES FOR FOR

PROPOSAL #1K: ELECTION OF DIRECTOR: ROBERT J. ISSUER YES FOR FOR

WOODWARD, JR

PROPOSAL #2: TO RATIFY THE REAPPOINTMENT BY THE BOARD ISSUER YES FOR FOR

OF DIRECTORS OF KPMG LLP AS THE COMPANY'S

INDEPENDENT PUBLIC ACCOUNTANTS FOR 2010.

PROPOSAL #3: TO APPROVE AMENDMENTS TO THE DUKE REALTY ISSUER YES FOR FOR

CORPORATION AMENDED AND RESTATED 2005 LONG-TERM

INCENTIVE PLAN AND THE 1995 KEY EMPLOYEES' STOCK

OPTION PLAN OF DUKE REALTY INVESTMENTS, INC., ALL AS

MORE FULLY DESCRIBED IN THE PROXY STATEMENT.

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ISSUER: DUPONT FABROS TECHNOLOGY, INC.

TICKER: DFT CUSIP: 26613Q106

MEETING DATE: 5/19/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: MARK AMIN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MICHAEL A. COKE ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: LAMMOT J. DU PONT ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: THOMAS D. ECKERT ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: HOSSEIN FATEH ISSUER YES FOR FOR

ELECTION OF DIRECTOR: FREDERIC V. MALEK ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: JOHN H. TOOLE ISSUER YES FOR FOR

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR 2010.

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ISSUER: EASTGROUP PROPERTIES, INC.

TICKER: EGP CUSIP: 277276101

MEETING DATE: 5/26/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: D. PIKE ALOIAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: H.C. BAILEY, JR. ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: HAYDEN C. EAVES, III ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: FREDRIC H. GOULD ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DAVID H. HOSTER II ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MARY E. MCCORMICK ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: DAVID M. OSNOS ISSUER YES FOR FOR

ELECTION OF DIRECTOR: LELAND R. SPEED ISSUER YES FOR 60; FOR

PROPOSAL #02: TO CONSIDER AND RATIFY THE APPOINTMENT ISSUER YES FOR FOR

OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR THE 2010 FISCAL YEAR.

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ISSUER: EDUCATION REALTY TRUST, INC.

TICKER: EDR CUSIP: 28140H104

MEETING DATE: 5/19/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: PAUL O. BOWER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MONTE J. BARROW ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: WILLIAM J. CAHILL ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: RANDALL L. CHURCHEY ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: JOHN L. FORD ISSUER YES FOR FOR

ELECTION OF DIRECTOR: HOWARD A. SILVER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: WENDELL W. WEAKLEY ISSUER YES FOR FOR

PROPOSAL #2: TO RATIFY THE APPOINTMENT OF DELOITTE & ISSUER YES FOR FOR

TOUCHE LLP AS OUR INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER

31, 2010.

PROPOSAL #3: TO APPROVE THE EDUCATION REALTY TRUST, ISSUER YES FOR FOR

INC. EMPLOYEE STOCK PURCHASE PLAN.

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ISSUER: ENTERTAINMENT PROPERTIES TRUST

TICKER: EPR CUSIP: 29380T105

MEETING DATE: 5/12/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: BARRETT BRADY ISSUER YES FOR FOR

ELECTION OF DIRECTOR: PETER BROWN ISSUER YES FOR FOR

PROPOSAL #02: PROPOSAL TO RATIFY THE APPOINTMENT OF ISSUER YES FOR FOR

KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR 2010.

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ISSUER: EQUITY LIFESTYLE PROPERTIES, INC.

TICKER: ELS CUSIP: 29472R108

MEETING DATE: 5/11/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: PHILIP CALIAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DAVID CONTIS ISSUER YES FOR FOR

ELECTION OF DIRECTOR: THOMAS DOBROWSKI ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: THOMAS HENEGHAN ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: SHELI ROSENBERG ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: HOWARD WALKER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: GARY WATERMAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: SAMUEL ZELL ISSUER YES FOR FOR

PROPOSAL #02: RATIFICATION OF SELECTION OF ISSUER YES FOR 60; FOR

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

PROPOSAL TO RATIFY THE SELECTION OF ERNST & YOUNG LLP

AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC

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ISSUER: EQUITY ONE, INC.

TICKER: EQY CUSIP: 294752100

MEETING DATE: 5/4/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: NOAM BEN-OZER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JAMES S. CASSEL ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: CYNTHIA R. COHEN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: NEIL FLANZRAICH ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: NATHAN HETZ ISSUER YES FOR FOR

ELECTION OF DIRECTOR: CHAIM KATZMAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: PETER LINNEMAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JEFFREY S. OLSON ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DORI SEGAL ISSUER YES FOR FOR

PROPOSAL #2: RATIFICATION OF THE APPOINTMENT OF ERNST ISSUER YES FOR FOR

& YOUNG LLP AS OUR INDEPENDENT REGISTERED CERTIFIED

PUBLIC ACCOUNTING FIRM FOR THE 2010 FISCAL YEAR.

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ISSUER: EQUITY RESIDENTIAL

TICKER: EQR CUSIP: 29476L107

MEETING DATE: 6/16/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JOHN W. ALEXANDER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: CHARLES L. ATWOOD ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: LINDA WALKER BYNOE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: BOONE A. KNOX ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JOHN E. NEAL ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DAVID J. NEITHERCUT ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: MARK S. SHAPIRO ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: GERALD A. SPECTOR ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: B. JOSEPH WHITE ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: SAMUEL ZELL ISSUER YES FOR FOR

PROPOSAL #02: RATIFICATION OF THE SELECTION OF ERNST ISSUER YES FOR FOR

& YOUNG LLP AS THE COMPANY'S INDEPENDENT AUDITOR FOR

THE YEAR ENDING DECEMBER 31, 2010.

PROPOSAL #03: SHAREHOLDER PROPOSAL RELATING TO A SHAREHOLDER YES AGAINST FOR

CHANGE IN THE VOTING STANDARD FOR TRUSTEE ELECTIONS.

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ISSUER: ESSEX PROPERTY TRUST, INC.

TICKER: ESS CUSIP: 297178105

MEETING DATE: 5/18/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: KEITH R. GUERICKE ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: ISSIE N. RABINOVITCH ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: THOMAS E. RANDLETT ISSUER YES FOR FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF KPMG ISSUER YES FOR FOR

LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING

FIRM FOR THE COMPANY FOR THE YEAR ENDING DECEMBER 31,

2010.

PROPOSAL #03: TO TRANSACT SUCH OTHER BUSINESS AS MAY ISSUER YES AGAINST AGAINST

PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENT

THEREOF.

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ISSUER: EXTRA SPACE STORAGE INC.

TICKER: EXR CUSIP: 30225T102

MEETING DATE: 5/19/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: SPENCER F. KIRK ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: ANTHONY FANTICOLA ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: HUGH W. HORNE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JOSEPH D. MARGOLIS ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ROGER B. PORTER ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: K. FRED SKOUSEN ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: KENNETH M. WOOLLEY ISSUER YES FOR FOR

PROPOSAL #2: RATIFICATION OF OUR AUDIT COMMITTEE'S ISSUER YES FOR FOR

SELECTION OF ERNST & YOUNG LLP AS OUR INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING

DECEMBER 31, 2010.

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ISSUER: FEDERAL REALTY INVESTMENT TRUST

TICKER: FRT CUSIP: 313747206

MEETING DATE: 5/4/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JON E. BORTZ ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DAVID W. FAEDER ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: KRISTIN GAMBLE ISSUER YES FOR FOR

PROPOSAL #2: TO RATIFY THE APPOINTMENT OF GRANT ISSUER YES FOR FOR

THORNTON LLP AS OUR INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER

31, 2010.

PROPOSAL #3: TO APPROVE OUR 2010 PERFORMANCE ISSUER YES FOR & #160; FOR

INCENTIVE PLAN TO PROVIDE FOR THE ISSUANCE OF UP TO

3,250,000 SHARES TO BE ISSUED TO OUR TRUSTEES,

EXECUTIVE OFFICERS, EMPLOYEES AND OTHERS FOR A PERIOD

OF TEN YEARS.

PROPOSAL #4: TO CONSIDER AND ACT UPON A SHAREHOLDER SHAREHOLDER YES ABSTAIN AGAINST

PROPOSAL REQUESTING THAT OUR BOARD OF TRUSTEES

PREPARE BY DECEMBER 2010 A SOCIAL AND ENVIRONMENTAL

SUSTAINABILITY REPORT IN ACCORDANCE WITH GUIDELINES

ESTABLISHED BY THE GLOBAL REPORTING INITIATIVE, IF

PROPERLY COMING BEFORE THE ANNUAL MEETING OR ANY

ADJOURNMENT.

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ISSUER: FELCOR LODGING TRUST INCORPORATED

TICKER: FCH CUSIP: 31430F101

MEETING DATE: 5/17/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECTION OF DIRECTOR: MELINDA J. BUSH ISSUER YES FOR FOR

PROPOSAL #1B: ELECTION OF DIRECTOR: CHARLES A. ISSUER YES FOR ; FOR

LEDSINGER, JR.

PROPOSAL #1C: ELECTION OF DIRECTOR: ROBERT H. LUTZ, ISSUER YES FOR FOR

JR.

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

PRICEWATERHOUSECOOPERS LLP, OR PWC, AS FELCOR'S

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR

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ISSUER: FIRST INDUSTRIAL REALTY TRUST, INC.

TICKER: FR CUSIP: 32054K103

MEETING DATE: 5/5/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: MATTHEW S. DOMINSKI ISSUER YES FOR FOR

ELECTION OF DIRECTOR: H. PATRICK HACKETT, JR. ISSUER YES FOR & #160; FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.

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ISSUER: FIRST POTOMAC REALTY TRUST

TICKER: FPO CUSIP: 33610F109

MEETING DATE: 5/20/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: ROBERT H. ARNOLD ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: RICHARD B. CHESS ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DOUGLAS J. DONATELLI ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: J. RODERICK HELLER III ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: R. MICHAEL MCCULLOUGH ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: ALAN G. MERTEN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: TERRY L. STEVENS ISSUER YES FOR &# 160; FOR

PROPOSAL #02: TO APPROVE AMENDMENT NO.1 TO THE ISSUER YES FOR FOR

COMPANY'S 2009 EQUITY COMPENSATION PLAN.

PROPOSAL #03: TO RATIFY THE APPOINTMENT OF KPMG LLP ISSUER YES FOR FOR

AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER

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ISSUER: FRANKLIN STREET PROPERTIES CORP.

TICKER: FSP CUSIP: 35471R106

MEETING DATE: 5/14/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: DENNIS J. MCGILLICUDDY ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: JANET P. NOTOPOULOS ISSUER YES FOR ; FOR

PROPOSAL #02: TO RATIFY THE AUDIT COMMITTEE'S ISSUER YES FOR FOR

APPOINTMENT OF ERNST & YOUNG LLP AS OUR INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR

ENDING DECEMBER 31, 2010.

PROPOSAL #03: TO CONSIDER AND ACT UPON A STOCKHOLDER SHAREHOLDER YES FOR AGAINST

PROPOSAL CONCERNING THE ANNUAL ELECTION OF DIRECTORS,

IF PROPERLY PRESENTED AT THE MEETING.

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ISSUER: GETTY REALTY CORP.

TICKER: GTY CUSIP: 374297109

MEETING DATE: 5/20/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: L. LIEBOWITZ ISSUER YES FOR FOR

ELECTION OF DIRECTOR: M. COOPER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: P. COVIELLO ISSUER YES FOR FOR

ELECTION OF DIRECTOR: D. DRISCOLL ISSUER YES FOR FOR

ELECTION OF DIRECTOR: R. MONTAG ISSUER YES FOR FOR

ELECTION OF DIRECTOR: H. SAFENOWITZ ISSUER YES FOR FOR

PROPOSAL #02: THE RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE FISCAL

YEAR ENDING DECEMBER 31, 2010.

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ISSUER: GLIMCHER REALTY TRUST

TICKER: GRT CUSIP: 379302102

MEETING DATE: 6/4/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: TIMOTHY J. O'BRIEN ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: NILES C. OVERLY ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: WILLIAM S. WILLIAMS ISSUER YES FOR ; FOR

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF BDO ISSUER YES FOR FOR

SEIDMAN, LLP AS GLIMCHER REALTY TRUST'S INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR

ENDING DECEMBER 31, 2010.

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ISSUER: GLIMCHER REALTY TRUST

TICKER: GRT CUSIP: 379302102

MEETING DATE: 6/29/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #01: TO AMEND GLIMCHER REALTY TRUST'S ISSUER YES FOR FOR

AMENDED AND RESTATED DECLARATION OF TRUST TO INCREASE

THE NUMBER OF AUTHORIZED SHARES OF BENEFICIAL

INTEREST FROM 100,000,000 TO 150,000,000.

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ISSUER: GOVERNMENT PROPERTIES INCOME TRUST

TICKER: GOV CUSIP: 38376A103

MEETING DATE: 5/11/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #01: TO ELECT JOHN L. HARRINGTON TO OUR ISSUER YES FOR FOR

BOARD OF TRUSTEES AS THE INDEPENDENT TRUSTEE IN CLASS

PROPOSAL #02: TO ELECT ADAM D. PORTNOY TO OUR BOARD ISSUER YES FOR FOR

OF TRUSTEES AS THE MANAGING TRUSTEE IN CLASS I.

PROPOSAL #03: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER

31, 2010.

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ISSUER: GRAMERCY CAPITAL CORP.

TICKER: GKK CUSIP: 384871109

MEETING DATE: 6/15/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: PAUL J. KONIGSBERG ISSUER YES FOR & #160; FOR

PROPOSAL #02: THE RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING ON

DECEMBER 31, 2010.

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ISSUER: HCP, INC.

TICKER: HCP CUSIP: 40414L109

MEETING DATE: 4/22/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JAMES F. FLAHERTY III ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: CHRISTINE N. GARVEY ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: DAVID B. HENRY ISSUER YES FOR FOR

ELECTION OF DIRECTOR: LAURALEE E. MARTIN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MICHAEL D. MCKEE ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: HAROLD M. MESSMER,JR. ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: PETER L. RHEIN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: KENNETH B. ROATH ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: RICHARD M. ROSENBERG ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: JOSEPH P. SULLIVAN ISSUER YES FOR FOR

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF DELOITTE & ISSUER YES FOR FOR

TOUCHE LLP AS HCP'S INDEPENDENT AUDITOR FOR THE

FISCAL YEAR ENDING DECEMBER 31, 2010.

PROPOSAL #03: TO CONSIDER A STOCKHOLDER PROPOSAL SHAREHOLDER YES AGAINST FOR

REGARDING A MAJORITY VOTE STANDARD FOR DIRECTOR

ELECTIONS, IF PROPERLY PRESENTED AT THE MEETING.

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ISSUER: HEALTH CARE REIT, INC.

TICKER: HCN CUSIP: 42217K106

MEETING DATE: 5/6/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: THOMAS J. DEROSA ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: JEFFREY H. DONAHUE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: FRED S. KLIPSCH ISSUER YES FOR 60; FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR 2010.

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ISSUER: HEALTHCARE REALTY TRUST INCORPORATED

TICKER: HR CUSIP: 421946104

MEETING DATE: 5/18/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: EDWIN B. MORRIS III ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JOHN KNOX SINGLETON ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: ROGER O. WEST ISSUER YES FOR FOR

PROPOSAL #02: PROPOSAL TO RATIFY THE APPOINTMENT OF ISSUER YES FOR FOR

BDO SEIDMAN, LLP AS THE COMPANY'S INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM.

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ISSUER: HERSHA HOSPITALITY TRUST

TICKER: HT CUSIP: 427825104

MEETING DATE: 5/19/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JAY H. SHAH ISSUER YES FOR FOR

ELECTION OF DIRECTOR: THOMAS A. CAPELLO ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: THOMAS J. HUTCHISON III ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: DONALD J. LANDRY ISSUER YES FOR &# 160; FOR

PROPOSAL #02: RATIFICATION OF KPMG LLP AS THE ISSUER YES FOR FOR

COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING

FIRM.

PROPOSAL #03: APPROVAL OF AMENDMENTS TO THE 2008 ISSUER YES FOR FOR

EQUITY INCENTIVE PLAN.

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ISSUER: HIGHWOODS PROPERTIES, INC.

TICKER: HIW CUSIP: 431284108

MEETING DATE: 5/13/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: GENE H. ANDERSON ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: EDWARD J. FRITSCH ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: DAVID J. HARTZELL ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: LAWRENCE S. KAPLAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: SHERRY A. KELLETT ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: L. GLENN ORR, JR. ISSUER YES FOR & #160; FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING

DECEMBER 31, 2010.

PROPOSAL #03: APPROVAL OF AN AMENDMENT TO THE ISSUER YES FOR & #160; FOR

EMPLOYEE STOCK PURCHASE PLAN.

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ISSUER: HOME PROPERTIES, INC.

TICKER: HME CUSIP: 437306103

MEETING DATE: 5/4/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: STEPHEN R. BLANK ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: JOSH E. FIDLER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ALAN L. GOSULE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: LEONARD F. HELBIG, III ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: CHARLES J. KOCH ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: NELSON B. LEENHOUTS ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: NORMAN P. LEENHOUTS ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: EDWARD J. PETTINELLA ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: CLIFFORD W. SMITH, JR. ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: PAUL L. SMITH ISSUER YES FOR FOR

ELECTION OF DIRECTOR: AMY L. TAIT ISSUER YES FOR FOR

PROPOSAL #02: TO APPROVE AN AMENDMENT TO THE DIRECTOR ISSUER YES FOR FOR

DEFERRED COMPENSATION PLAN TO INCREASE THE SHARES

AVAILABLE FOR ISSUANCE UNDER THAT PLAN BY 50,000.

PROPOSAL #03: TO RATIFY THE APPOINTMENT OF ISSUER YES FOR 60; FOR

PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR 2010.

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ISSUER: HOSPITALITY PROPERTIES TRUST

TICKER: HPT CUSIP: 44106M102

MEETING DATE: 4/15/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #01: TO ELECT WILLIAM A. LAMKIN AS THE ISSUER YES FOR FOR

INDEPENDENT TRUSTEE IN GROUP III.

PROPOSAL #02: TO APPROVE AN AMENDMENT TO OUR ISSUER YES FOR &# 160; FOR

DECLARATION OF TRUST TO CHANGE THE VOTE REQUIRED TO

ELECT TRUSTEES IN UNCONTESTED ELECTIONS TO THE

AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES CAST.

PROPOSAL #03: TO APPROVE AN AMENDMENT TO OUR ISSUER YES FOR &# 160; FOR

DECLARATION OF TRUST TO DELETE CERTAIN RESTRICTIONS

UPON THE TIMING OF OUR COMMUNICATIONS WITH

SHAREHOLDERS.

PROPOSAL #04: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER

31, 2010.

PROPOSAL #05: TO CONSIDER AND VOTE UPON A SHAREHOLDER SHAREHOLDER YES FOR AGAINST

PROPOSAL, IF PROPERLY PRESENTED AT THE MEETING,

REGARDING OUR CLASSIFIED BOARD STRUCTURE.

PROPOSAL #06: TO CONSIDER AND VOTE UPON A SHAREHOLDER SHAREHOLDER YES FOR AGAINST

PROPOSAL, IF PROPERLY PRESENTED AT THE MEETING,

REGARDING SUPERMAJORITY VOTE REQUIREMENTS.

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ISSUER: HOST HOTELS & RESORTS, INC.

TICKER: HST CUSIP: 44107P104

MEETING DATE: 5/6/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECTION OF DIRECTOR: ROBERT M. BAYLIS ISSUER YES FOR FOR

PROPOSAL #1B: ELECTION OF DIRECTOR: WILLARD W. ISSUER YES FOR ; FOR

BRITTAIN, JR.

PROPOSAL #1C: ELECTION OF DIRECTOR: TERENCE C. GOLDEN ISSUER YES FOR FOR

PROPOSAL #1D: ELECTION OF DIRECTOR: ANN M. KOROLOGOS ISSUER YES FOR FOR

PROPOSAL #1E: ELECTION OF DIRECTOR: RICHARD E. ISSUER YES FOR ; FOR

MARRIOTT

PROPOSAL #1F: ELECTION OF DIRECTOR: JOHN B. MORSE, JR. ISSUER YES FOR F OR

PROPOSAL #1G: ELECTION OF DIRECTOR: GORDON H. SMITH ISSUER YES FOR FOR

PROPOSAL #1H: ELECTION OF DIRECTOR: W. EDWARD WALTER ISSUER YES FOR FOR

PROPOSAL #02: RATIFY APPOINTMENT OF KPMG LLP AS ISSUER YES FOR FOR

INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR 2010.

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ISSUER: HRPT PROPERTIES TRUST

TICKER: HRP CUSIP: 40426W101

MEETING DATE: 5/13/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #01: TO ELECT THE NOMINEE NAMED IN OUR PROXY ISSUER YES FOR FOR

STATEMENT TO OUR BOARD OF TRUSTEES AS THE

INDEPENDENT TRUSTEE IN GROUP III. NOMINEE: PATRICK F.

PROPOSAL #02: TO APPROVE AN AMENDMENT TO OUR ISSUER YES FOR &# 160; FOR

DECLARATION OF TRUST TO CHANGE THE VOTE REQUIRED TO

ELECT TRUSTEES IN UNCONTESTED ELECTIONS TO THE

AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES CAST.

PROPOSAL #03: TO APPROVE AN AMENDMENT TO OUR ISSUER YES FOR &# 160; FOR

DECLARATION OF TRUST TO DELETE CERTAIN RESTRICTIONS

UPON THE TIMING OF OUR COMMUNICATIONS WITH

SHAREHOLDERS.

PROPOSAL #04: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER

31, 2010.

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ISSUER: INLAND REAL ESTATE CORPORATION

TICKER: IRC CUSIP: 457461200

MEETING DATE: 6/17/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECTION OF DIRECTOR: THOMAS P. D'ARCY ISSUER YES FOR FOR

PROPOSAL #1B: ELECTION OF DIRECTOR: DANIEL L. GOODWIN ISSUER YES FOR FOR

PROPOSAL #1C: ELECTION OF DIRECTOR: JOEL G. HERTER ISSUER YES FOR FOR

PROPOSAL #1D: ELECTION OF DIRECTOR: HEIDI N. LAWTON ISSUER YES FOR FOR

PROPOSAL #1E: ELECTION OF DIRECTOR: THOMAS H. MCAULEY ISSUER YES FOR FOR

PROPOSAL #1F: ELECTION OF DIRECTOR: THOMAS R. ISSUER YES FOR FOR

MCWILLIAMS

PROPOSAL #1G: ELECTION OF DIRECTOR: JOEL D. SIMMONS ISSUER YES FOR FOR

PROPOSAL #02: RATIFY THE APPOINTMENT OF KPMG LLP AS ISSUER YES FOR FOR

OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR

THE FISCAL YEAR ENDING DECEMBER 31, 2010.

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ISSUER: INVESTORS REAL ESTATE TRUST

TICKER: IRET CUSIP: 461730103

MEETING DATE: 9/15/2009 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: PATRICK G. JONES ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: TIMOTHY P. MIHALICK ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: JEFFREY L. MILLER ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: C.W. CHIP MORGAN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: JOHN T. REED ISSUER YES FOR FOR

ELECTION OF DIRECTOR: EDWARD T. SCHAFER ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: W. DAVID SCOTT ISSUER YES FOR FOR

ELECTION OF DIRECTOR: STEPHEN L. STENEHJEM ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: JOHN D. STEWART ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: THOMAS A. WENTZ, JR. ISSUER YES FOR 0; FOR

PROPOSAL #02: RATIFICATION OF SELECTION OF DELOITTE & ISSUER YES FOR FOR

TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR

THE FISCAL YEAR ENDING APRIL 30, 2010.

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ISSUER: KILROY REALTY CORPORATION

TICKER: KRC CUSIP: 49427F108

MEETING DATE: 5/20/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JOHN B. KILROY, SR. ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JOHN B. KILROY, JR. ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: EDWARD F. BRENNAN,PH.D. ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: WILLIAM P. DICKEY ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: SCOTT S. INGRAHAM ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: DALE F. KINSELLA ISSUER YES FOR &# 160; FOR

PROPOSAL #02: AMENDMENT TO KILROY REALTY 2006 ISSUER YES FOR FOR

INCENTIVE AWARD PLAN

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ISSUER: KIMCO REALTY CORPORATION

TICKER: KIM CUSIP: 49446R109

MEETING DATE: 5/5/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: M. COOPER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: P. COVIELLO ISSUER YES FOR FOR

ELECTION OF DIRECTOR: R. DOOLEY ISSUER YES FOR FOR

ELECTION OF DIRECTOR: J. GRILLS ISSUER YES FOR FOR

ELECTION OF DIRECTOR: D. HENRY ISSUER YES FO R FOR

ELECTION OF DIRECTOR: F.P. HUGHES ISSUER YES FOR FOR

ELECTION OF DIRECTOR: F. LOURENSO ISSUER YES FOR FOR

ELECTION OF DIRECTOR: R. SALTZMAN ISSUER YES FOR FOR

PROPOSAL #02: THE APPROVAL OF THE COMPANY'S 2010 ISSUER YES FOR FOR

EQUITY PARTICIPATION PLAN AS DESCRIBED IN THE

ACCOMPANYING PROXY STATEMENT.

PROPOSAL #03: THE RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR

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ISSUER: KITE REALTY GROUP TRUST

TICKER: KRG CUSIP: 49803T102

MEETING DATE: 5/4/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JOHN A. KITE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: WILLIAM E. BINDLEY ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DR. RICHARD A. COSIER ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: EUGENE GOLUB ISSUER YES FOR FOR

ELECTION OF DIRECTOR: GERALD L. MOSS ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MICHAEL L. SMITH ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DARELL E. ZINK, JR. ISSUER YES FOR ; FOR

PROPOSAL #02: TO RATIFY THE SELECTION OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS THE INDEPENDENT AUDITORS FOR KITE REALTY

GROUP TRUST FOR THE FISCAL YEAR ENDING DECEMBER 31,

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ISSUER: LASALLE HOTEL PROPERTIES

TICKER: LHO CUSIP: 517942108

MEETING DATE: 4/22/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: DONALD S. PERKINS ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: STUART L. SCOTT ISSUER YES FOR 60; FOR

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF THE ISSUER YES FOR ; FOR

COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS

FOR THE YEAR ENDING DECEMBER 31, 2010.

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ISSUER: LEXINGTON REALTY TRUST

TICKER: LXP CUSIP: 529043101

MEETING DATE: 5/18/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: E. ROBERT ROSKIND ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: T. WILSON EGLIN ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: CLIFFORD BROSER ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: HAROLD FIRST ISSUER YES FOR FOR

ELECTION OF DIRECTOR: RICHARD FRARY ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JAMES GROSFELD ISSUER YES FOR FOR

ELECTION OF DIRECTOR: KEVIN W. LYNCH ISSUER YES FOR FOR

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF KPMG LLP ISSUER YES FOR FOR

AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2010.

PROPOSAL #03: TO TRANSACT SUCH OTHER BUSINESS AS MAY ISSUER YES AGAINST AGAINST

PROPERLY COME BEFORE THE 2010 ANNUAL MEETING,

INCLUDING ANY ADJOURNMENT OR POSTPONEMENT THEREOF.

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ISSUER: LIBERTY PROPERTY TRUST

TICKER: LRY CUSIP: 531172104

MEETING DATE: 5/20/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: J. ANTHONY HAYDEN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: M. LEANNE LACHMAN ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: STEPHEN D. STEINOUR ISSUER YES FOR ; FOR

PROPOSAL #02: APPROVAL OF THE PROPOSAL TO ELIMINATE ISSUER YES FOR FOR

THE CLASSIFICATION OF OUR BOARD OF TRUSTEES.

PROPOSAL #03: APPROVAL OF THE PROPOSAL TO RATIFY THE ISSUER YES FOR FOR

SELECTION OF ERNST & YOUNG LLP AS THE TRUST'S

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR

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ISSUER: LTC PROPERTIES, INC.

TICKER: LTC CUSIP: 502175102

MEETING DATE: 5/27/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: ANDRE C. DIMITRIADIS ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: BOYD W. HENDRICKSON ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: EDMUND C. KING ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DEVRA G. SHAPIRO ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: WENDY L. SIMPSON ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: TIMOTHY J. TRICHE, M.D. ISSUER YES FOR & #160; FOR

PROPOSAL #02: RATIFICATION OF THE COMPANY'S ISSUER YES FOR &# 160; FOR

INDEPENDENT AUDITORS.

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ISSUER: MACK-CALI REALTY CORPORATION

TICKER: CLI CUSIP: 554489104

MEETING DATE: 5/25/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: ALAN S. BERNIKOW ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: KENNETH M. DUBERSTEIN ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: VINCENT TESE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ROY J. ZUCKERBERG ISSUER YES FOR & #160; FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR

THE FISCAL YEAR ENDING DECEMBER 31, 2010.

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ISSUER: MAGUIRE PROPERTIES, INC.

TICKER: MPG CUSIP: 559775101

MEETING DATE: 7/23/2009 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: CHRISTINE N. GARVEY ISSUER YES WITHHOLD AGAINST

ELECTION OF DIRECTOR: MICHAEL J. GILLFILLAN ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: NELSON C. RISING ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: JOSEPH P. SULLIVAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: GEORGE A. VANDEMAN ISSUER YES WITHHOLD AGAINST

ELECTION OF DIRECTOR: PAUL M. WATSON ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DAVID L. WEINSTEIN ISSUER YES FOR FOR

PROPOSAL #02: RATIFICATION OF THE SELECTION OF KPMG ISSUER YES FOR FOR

LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER

31, 2009

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ISSUER: MEDICAL PROPERTIES TRUST, INC.

TICKER: MPW CUSIP: 58463J304

MEETING DATE: 5/20/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: EDWARD K. ALDAG, JR. ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: VIRGINIA A. CLARKE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: G. STEVEN DAWSON ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: R. STEVEN HAMNER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: ROBERT E. HOLMES, PH.D. ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: SHERRY A. KELLETT ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: WILLIAM G. MCKENZIE ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: L. GLENN ORR, JR. ISSUER YES FOR & #160; FOR

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF ISSUER YES FOR 60; FOR

PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR

ENDING DECEMBER 31, 2010.

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ISSUER: MID-AMERICA APARTMENT COMMUNITIES, INC.

TICKER: MAA CUSIP: 59522J103

MEETING DATE: 5/27/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: H. ERIC BOLTON, JR. ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ALAN B. GRAF, JR. ISSUER YES WITHHOLD &# 160; AGAINST

ELECTION OF DIRECTOR: JOHN S. GRINALDS ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: RALPH HORN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: W. REID SANDERS ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: WILLIAM B. SANSOM ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: PHILIP W. NORWOOD ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: SIMON R.C. WADSWORTH ISSUER YES FOR 0; FOR

PROPOSAL #02: RATIFICATION OF ERNST & YOUNG LLP AS ISSUER YES FOR FOR

MID-AMERICA'S INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR 2010.

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ISSUER: NATIONAL HEALTH INVESTORS, INC.

TICKER: NHI CUSIP: 63633D104

MEETING DATE: 5/7/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: TED H. WELCH ISSUER YES FOR FOR

ELECTION OF DIRECTOR: J. JUSTIN HUTCHENS ISSUER YES FOR FOR

PROPOSAL #2: PROPOSAL TO RATIFY THE AUDIT COMMITTEE'S ISSUER YES FOR FOR

SELECTION OF BDO SEIDMAN, LLP AS INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR YEAR ENDING

DECEMBER 31, 2010.

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ISSUER: NATIONAL RETAIL PROPERTIES, INC.

TICKER: NNN CUSIP: 637417106

MEETING DATE: 5/20/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: DON DEFOSSET ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DENNIS E. GERSHENSON ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: KEVIN B. HABICHT ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: RICHARD B. JENNINGS ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: TED B. LANIER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ROBERT C. LEGLER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: CRAIG MACNAB ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ROBERT MARTINEZ ISSUER YES FOR 60; FOR

PROPOSAL #02: TO RATIFY THE SELECTION OF THE ISSUER YES FOR & #160; FOR

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR

PROPOSAL #03: SUCH OTHER BUSINESS AS MAY PROPERLY ISSUER YES AGAINST AGAINST

COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.

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ISSUER: NATIONWIDE HEALTH PROPERTIES, INC.

TICKER: NHP CUSIP: 638620104

MEETING DATE: 5/4/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: DAVID R. BANKS ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: DOUGLAS M. PASQUALE ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: ROBERT D. PAULSON ISSUER YES FOR & #160; FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT

ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31,

PROPOSAL #03: APPROVAL OF THE AMENDMENT AND ISSUER YES FOR 60; FOR

RESTATEMENT OF THE NATIONWIDE HEALTH PROPERTIES, INC.

2005 PERFORMANCE INCENTIVE PLAN.

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ISSUER: OMEGA HEALTHCARE INVESTORS, INC.

TICKER: OHI CUSIP: 681936100

MEETING DATE: 6/9/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: EDWARD LOWENTHAL ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: STEPHEN D. PLAVIN ISSUER YES FOR & #160; FOR

PROPOSAL #02: RATIFICATION OF INDEPENDENT AUDITORS ISSUER YES FOR FOR

ERNST & YOUNG LLP.

PROPOSAL #3A: AMENDMENT TO OMEGA'S CHARTER TO: REVISE ISSUER YES FOR FOR

VARIOUS PROVISIONS REGARDING REAL ESTATE INVESTMENT

TRUST ('REIT') OWNERSHIP LIMITS IN OUR CHARTER TO

PROTECT THE COMPANY'S STATUS AS A QUALIFIED REIT AND

TO OTHERWISE MODERNIZE OUR CHARTER BASED ON

DEVELOPMENTS IN REIT LAW AND CURRENT PRACTICE.

PROPOSAL #3B: AMENDMENT TO OMEGA'S CHARTER TO: GRANT ISSUER YES AGAINST AGAINST

AUTHORITY TO OUR BOARD OF DIRECTORS TO AMEND OUR

CHARTER, IN ITS SOLE DISCRETION, TO INCREASE OR

DECREASE THE AGGREGATE NUMBER OF AUTHORIZED SHARES OF

THE COMPANY'S COMMON AND PREFERRED STOCK.

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ISSUER: PARKWAY PROPERTIES, INC.

TICKER: PKY CUSIP: 70159Q104

MEETING DATE: 5/13/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: CHARLES T. CANNADA ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: LAURIE L. DOTTER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DANIEL P. FRIEDMAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MICHAEL J. LIPSEY ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: BRENDA J. MIXSON ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: STEVEN G. ROGERS ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: LELAND R. SPEED ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: TROY A. STOVALL ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: LENORE M. SULLIVAN ISSUER YES FOR FOR

PROPOSAL #02: TO RATIFY THE ADOPTION OF THE PARKWAY ISSUER YES FOR FOR

PROPERTIES, INC. 2010 OMNIBUS EQUITY INCENTIVE PLAN.

PROPOSAL #03: TO CONSIDER AND RATIFY THE APPOINTMENT ISSUER YES FOR FOR

OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR THE 2010 FISCAL YEAR.

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ISSUER: PENNSYLVANIA REAL ESTATE INVESTMENT TR

TICKER: PEI CUSIP: 709102107

MEETING DATE: 6/3/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: DORRIT J. BERN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: STEPHEN B. COHEN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: JOSEPH F. CORADINO ISSUER YES FOR FOR

ELECTION OF DIRECTOR: M. WALTER D'ALESSIO ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: EDWARD A. GLICKMAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ROSEMARIE B. GRECO ISSUER YES FOR FOR

ELECTION OF DIRECTOR: LEONARD I. KORMAN ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: IRA M. LUBERT ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DONALD F. MAZZIOTTI ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: MARK E. PASQUERILLA ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: JOHN J. ROBERTS ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: GEORGE F. RUBIN ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: RONALD RUBIN ISSUER YES FOR FOR

PROPOSAL #02: APPROVAL OF THE AMENDED AND RESTATED ISSUER YES FOR FOR

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 2003 EQUITY

INCENTIVE PLAN.

PROPOSAL #03: APPROVAL OF THE AMENDED AND RESTATED ISSUER YES FOR FOR

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST EMPLOYEE

SHARE PURCHASE PLAN.

PROPOSAL #04: RATIFICATION OF THE SELECTION OF KPMG ISSUER YES FOR FOR

LLP AS INDEPENDENT AUDITOR FOR 2010.

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ISSUER: POST PROPERTIES, INC.

TICKER: PPS CUSIP: 737464107

MEETING DATE: 5/19/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: ROBERT C. GODDARD, III ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: DOUGLAS CROCKER II ISSUER YES FOR FOR

ELECTION OF DIRECTOR: DAVID P. STOCKERT ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: HERSCHEL M. BLOOM ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: WALTER M. DERISO, JR. ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: RUSSELL R. FRENCH ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: DALE ANNE REISS ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: STELLA F. THAYER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: RONALD DE WAAL ISSUER YES FOR FOR

PROPOSAL #2: TO RATIFY THE APPOINTMENT OF DELOITTE & ISSUER YES FOR FOR

TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC

ACCOUNTANTS FOR 2010.

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ISSUER: PROLOGIS

TICKER: PLD CUSIP: 743410102

MEETING DATE: 5/14/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: STEPHEN L. FEINBERG ISSUER YES FOR FOR

ELECTION OF DIRECTOR: GEORGE L. FOTIADES ISSUER YES FOR FOR

ELECTION OF DIRECTOR: CHRISTINE N. GARVEY ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: LAWRENCE V. JACKSON ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: DONALD P. JACOBS ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: IRVING F. LYONS III ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: WALTER C. RAKOWICH ISSUER YES FOR FOR

ELECTION OF DIRECTOR: D. MICHAEL STEUERT ISSUER YES FOR FOR

ELECTION OF DIRECTOR: J. ANDRE TEIXEIRA ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: ANDREA M. ZULBERTI ISSUER YES FOR FOR

PROPOSAL #02: APPROVE AND ADOPT AN AMENDMENT TO THE ISSUER YES FOR FOR

PROLOGIS 2006 LONG-TERM INCENTIVE PLAN - INCREASE

AUTHORIZED SHARES AND CERTAIN INDIVIDUAL GRANT LIMITS

PROPOSAL #03: APPROVE AND ADOPT AMENDMENTS TO CERTAIN ISSUER YES FOR FOR

PROLOGIS EQUITY INCENTIVE PLANS - ALLOW FOR A ONE-

TIME SHARE OPTION EXCHANGE PROGRAM FOR EMPLOYEES,

OTHER THAN NAMED EXECUTIVE OFFICERS AND TRUSTEES

PROPOSAL #04: RATIFICATION OF APPOINTMENT OF ISSUER YES FOR &# 160; FOR

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

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ISSUER: PS BUSINESS PARKS, INC.

TICKER: PSB CUSIP: 69360J107

MEETING DATE: 5/3/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: RONALD L. HAVNER, JR. ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: JOSEPH D. RUSSELL, JR. ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: R. WESLEY BURNS ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: JENNIFER H. DUNBAR ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ARTHUR M. FRIEDMAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JAMES H. KROPP ISSUER YES FOR FOR

ELECTION OF DIRECTOR: HARVEY LENKIN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: SARA G. LEWIS ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: MICHAEL V. MCGEE ISSUER YES FOR &# 160; FOR

PROPOSAL #02: RATIFICATION OF APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP, INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS,

TO AUDIT THE ACCOUNTS OF PS BUSINESS PARKS, INC. FOR

THE FISCAL YEAR ENDING DECEMBER 31, 2010.

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ISSUER: PUBLIC STORAGE

TICKER: PSA CUSIP: 74460D109

MEETING DATE: 5/6/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: B. WAYNE HUGHES ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: RONALD L. HAVNER, JR. ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: DANN V. ANGELOFF ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: WILLIAM C. BAKER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: JOHN T. EVANS ISSUER YES FOR FOR

ELECTION OF DIRECTOR: TAMARA HUGHES GUSTAVSON ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: URI P. HARKHAM ISSUER YES FOR FOR

ELECTION OF DIRECTOR: B. WAYNE HUGHES, JR. ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: HARVEY LENKIN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: AVEDICK B. POLADIAN ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: GARY E. PRUITT ISSUER YES FOR FOR

ELECTION OF DIRECTOR: RONALD P. SPOGLI ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DANIEL C. STATON ISSUER YES FOR &# 160; FOR

PROPOSAL #2: RATIFICATION OF APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING

DECEMBER 31, 2010.

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ISSUER: RAMCO-GERSHENSON PROPERTIES TRUST

TICKER: RPT CUSIP: 751452202

MEETING DATE: 6/8/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: DENNIS GERSHENSON ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: ROBERT A. MEISTER ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: MICHAEL A. WARD ISSUER YES FOR 60; FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

GRANT THORNTON LLP AS THE TRUST'S INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR 2010.

PROPOSAL #03: APPROVAL OF THE AMENDMENT TO THE ISSUER YES FOR FOR

DECLARATION OF TRUST TO DECLASSIFY THE BOARD OF

TRUSTEES. EACH OF PROPOSAL 3 AND PROPOSAL 4 WILL BE

IMPLEMENTED ONLY IF BOTH PROPOSALS ARE APPROVED BY

THE APPLICABLE REQUIRED SHAREHOLDER VOTE.

PROPOSAL #04: APPROVAL OF THE AMENDMENT TO THE BYLAWS ISSUER YES AGAINST AGAINST

TO INCREASE THE PERCENTAGE OF VOTES NECESSARY FOR

SHAREHOLDERS TO REQUIRE THE TRUST TO CALL A SPECIAL

SHAREHOLDER MEETING. EACH OF PROPOSAL 3 AND PROPOSAL

4 WILL BE IMPLEMENTED ONLY IF BOTH PROPOSALS ARE

APPROVED BY THE APPLICABLE REQUIRED SHAREHOLDER VOTE.

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ISSUER: REALTY INCOME CORPORATION

TICKER: O CUSIP: 756109104

MEETING DATE: 5/12/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: KATHLEEN R. ALLEN, PH.D ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DONALD R. CAMERON ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: PRIYA CHERIAN HUSKINS ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: THOMAS A. LEWIS ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: MICHAEL D. MCKEE ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: GREGORY T. MCLAUGHLIN ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: RONALD L. MERRIMAN ISSUER YES FOR FOR

PROPOSAL #02: RATIFICATION OF APPOINTMENT OF KPMG LLP ISSUER YES FOR FOR

AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

FOR FISCAL YEAR ENDING DECEMBER 31, 2010.

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ISSUER: REGENCY CENTERS CORPORATION

TICKER: REG CUSIP: 758849103

MEETING DATE: 5/4/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: MARTIN E. STEIN, JR. ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: RAYMOND L. BANK ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: C. RONALD BLANKENSHIP ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: A.R. CARPENTER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: J. DIX DRUCE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MARY LOU FIALA ISSUER YES FOR FOR

ELECTION OF DIRECTOR: BRUCE M. JOHNSON ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: DOUGLAS S. LUKE ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: JOHN C. SCHWEITZER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: BRIAN M. SMITH ISSUER YES FOR FOR

ELECTION OF DIRECTOR: THOMAS G. WATTLES ISSUER YES FOR & #160; FOR

PROPOSAL #2: RATIFICATION OF APPOINTMENT OF KPMG LLP ISSUER YES FOR FOR

AS THE COMPANY'S INDEPENDENT ACCOUNTANTS FOR THE YEAR

ENDING DECEMBER 31, 2010.

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ISSUER: S.L. GREEN REALTY CORP.

TICKER: SLG CUSIP: 78440X101

MEETING DATE: 6/15/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: EDWIN T. BURTON, III ISSUER YES FOR ; FOR

PROPOSAL #02: TO APPROVE OUR SECOND AMENDED AND ISSUER YES FOR FOR

RESTATED 2005 STOCK OPTION AND INCENTIVE PLAN.

PROPOSAL #03: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER

31, 2010.

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ISSUER: SAUL CENTERS, INC.

TICKER: BFS CUSIP: 804395101

MEETING DATE: 5/7/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: GENERAL P.X. KELLEY ISSUER YES FOR FOR

ELECTION OF DIRECTOR: CHARLES R. LONGSWORTH ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: PATRICK F. NOONAN ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: B. FRANCIS SAUL III ISSUER YES FOR ; FOR

PROPOSAL #2: RATIFICATION OF APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR 2010.

PROPOSAL #3: TO TRANSACT SUCH OTHER BUSINESS AS MAY ISSUER YES AGAINST AGAINST

PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENT

OR ADJOURNMENTS THEREOF.

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ISSUER: SENIOR HOUSING PROPERTIES TRUST

TICKER: SNH CUSIP: 81721M109

MEETING DATE: 5/12/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #01: TO ELECT THE NOMINEE NAMED IN OUR PROXY ISSUER YES FOR FOR

STATEMENT TO OUR BOARD OF TRUSTEES AS THE

INDEPENDENT TRUSTEE IN GROUP II: NOMINEE: JOHN L.

PROPOSAL #02: TO ELECT THE NOMINEE NAMED IN OUR PROXY ISSUER YES FOR FOR

STATEMENT TO OUR BOARD OF TRUSTEES AS THE MANAGING

TRUSTEE IN GROUP II: NOMINEE: ADAM D. PORTNOY

PROPOSAL #03: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER

31, 2010.

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ISSUER: SIMON PROPERTY GROUP, INC.

TICKER: SPG CUSIP: 828806109

MEETING DATE: 5/6/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECTION OF DIRECTOR: MELVYN E. ISSUER YES FOR FOR

BERGSTEIN

PROPOSAL #1B: ELECTION OF DIRECTOR: LINDA WALKER BYNOE ISSUER YES FOR F OR

PROPOSAL #1C: ELECTION OF DIRECTOR: LARRY C. GLASSCOCK ISSUER YES FOR FOR

PROPOSAL #1D: ELECTION OF DIRECTOR: KAREN N. HORN, ISSUER YES FOR FOR

PH.D.

PROPOSAL #1E: ELECTION OF DIRECTOR: ALLAN HUBBARD ISSUER YES FOR FOR

PROPOSAL #1F: ELECTION OF DIRECTOR: REUBEN S. ISSUER YES FOR FOR

LEIBOWITZ

PROPOSAL #1G: ELECTION OF DIRECTOR: DANIEL C. SMITH, ISSUER YES FOR FOR

PH.D.

PROPOSAL #1H: ELECTION OF DIRECTOR: J. ALBERT SMITH, ISSUER YES FOR FOR

JR.

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR

YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR 2010.

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ISSUER: SOVRAN SELF STORAGE, INC.

TICKER: SSS CUSIP: 84610H108

MEETING DATE: 5/26/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: ROBERT J. ATTEA ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: KENNETH F. MYSZKA ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: JOHN E. BURNS ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ANTHONY P. GAMMIE ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: CHARLES E. LANNON ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: JAMES R. BOLDT ISSUER YES FOR FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR

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ISSUER: STRATEGIC HOTELS & RESORTS, INC.

TICKER: BEE CUSIP: 86272T106

MEETING DATE: 5/27/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: ROBERT P. BOWEN ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: KENNETH FISHER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: RAYMOND L. GELLEIN, JR. ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: LAURENCE S. GELLER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JAMES A. JEFFS ISSUER YES FOR FOR

ELECTION OF DIRECTOR: RICHARD D. KINCAID ISSUER YES FOR FOR

ELECTION OF DIRECTOR: SIR DAVID M.C. MICHELS ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: EUGENE F. REILLY ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: WILLIAM A. PREZANT ISSUER YES FOR FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING

DECEMBER 31, 2010.

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ISSUER: SUN COMMUNITIES, INC.

TICKER: SUI CUSIP: 866674104

MEETING DATE: 7/29/2009 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: TED J. SIMON ISSUER YES FOR FOR

ELECTION OF DIRECTOR: PAUL D. LAPIDES ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: ROBERT H. NAFTALY ISSUER YES FOR & #160; FOR

PROPOSAL #02: APPROVAL OF THE SUN COMMUNITIES, INC. ISSUER YES FOR FOR

EQUITY INCENTIVE PLAN.

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ISSUER: SUNSTONE HOTEL INVESTORS, INC.

TICKER: SHO CUSIP: 867892101

MEETING DATE: 5/5/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: ROBERT A. ALTER ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: ARTHUR L. BUSER, JR. ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: LEWIS N. WOLFF ISSUER YES FOR FOR

ELECTION OF DIRECTOR: Z. JAMIE BEHAR ISSUER YES FOR FOR

ELECTION OF DIRECTOR: THOMAS A. LEWIS ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: KEITH M. LOCKER ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: KEITH P. RUSSELL ISSUER YES FOR &# 160; FOR

PROPOSAL #02: RATIFICATION OF THE AUDIT COMMITTEE'S ISSUER YES FOR FOR

APPOINTMENT OF ERNST & YOUNG LLP TO ACT AS THE

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE

FISCAL YEAR ENDING DECEMBER 31, 2010.

PROPOSAL #03: APPROVAL OF AMENDMENTS TO THE 2004 ISSUER YES FOR FOR

LONG-TERM INCENTIVE PLAN (I) TO PROVIDE FOR AN

INCREASE IN THE NUMBER OF AUTHORIZED SHARES TO BE

ISSUED UNDER THE 2004 LONG-TERM INCENTIVE PLAN BY

2,200,000 SHARES AND (II) TO PROHIBIT REPRICING OF

STOCK OPTIONS AND STOCK APPRECIATION RIGHTS WITHOUT

THE APPROVAL OF A MAJORITY OF THE COMPANY'S

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ISSUER: TANGER FACTORY OUTLET CENTERS, INC.

TICKER: SKT CUSIP: 875465106

MEETING DATE: 5/14/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JACK AFRICK ISSUER YES FOR FOR

ELECTION OF DIRECTOR: STEVEN B. TANGER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: WILLIAM G. BENTON ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: BRIDGET RYAN BERMAN ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: THOMAS E. ROBINSON ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ALLAN L. SCHUMAN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: STANLEY K. TANGER ISSUER YES FOR & #160; FOR

PROPOSAL #2: TO RATIFY THE APPOINTMENT OF ISSUER YES FOR 0; FOR

PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE

FISCAL YEAR ENDING DECEMBER 31, 2010.

PROPOSAL #3: TO AMEND THE AMENDED AND RESTATED ISSUER YES FOR FOR

INCENTIVE AWARD PLAN TO INCREASE THE AGGREGATE NUMBER

OF SHARES AUTHORIZED FOR ISSUANCE UNDER THE PLAN

FROM 6,000,000 SHARES TO 7,700,000 SHARES AND TO

INCREASE THE ANNUAL INDIVIDUAL AWARD LIMIT FROM

120,000 SHARES TO 360,000 SHARES FOR EQUITY AWARDS

AND FROM $1,000,000 TO $2,000,000 FOR CASH

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ISSUER: TAUBMAN CENTERS, INC.

TICKER: TCO CUSIP: 876664103

MEETING DATE: 5/21/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JEROME A. CHAZEN ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: CRAIG M. HATKOFF ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: RONALD W. TYSOE ISSUER YES FOR 60; FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF KPMG ISSUER YES FOR FOR

LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING

FIRM FOR 2010.

PROPOSAL #03: APPROVAL OF THE AMENDMENT TO THE 2008 ISSUER YES FOR FOR

OMNIBUS LONG-TERM INCENTIVE PLAN.

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ISSUER: THE MACERICH COMPANY

TICKER: MAC CUSIP: 554382101

MEETING DATE: 5/27/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECTION OF DIRECTOR: ARTHUR M. COPPOLA ISSUER YES FOR FOR

PROPOSAL #1B: ELECTION OF DIRECTOR: EDWARD C. COPPOLA ISSUER YES FOR FOR

PROPOSAL #1C: ELECTION OF DIRECTOR: JAMES S. COWNIE ISSUER YES FOR FOR

PROPOSAL #1D: ELECTION OF DIRECTOR: FRED S. HUBBELL ISSUER YES FOR FOR

PROPOSAL #1E: ELECTION OF DIRECTOR: MASON G. ROSS ISSUER YES FOR FOR

PROPOSAL #1F: ELECTION OF DIRECTOR: DR. WILLIAM P. ISSUER YES FOR FOR

SEXTON

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

DELOITTE & TOUCHE LLP AS OUR INDEPENDENT ACCOUNTANTS

FOR THE YEAR ENDING DECEMBER 31, 2010

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ISSUER: UDR, INC.

TICKER: UDR CUSIP: 902653104

MEETING DATE: 5/14/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: KATHERINE A. CATTANACH ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: ERIC J. FOSS ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ROBERT P. FREEMAN ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: JON A. GROVE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JAMES D. KLINGBEIL ISSUER YES FOR FOR

ELECTION OF DIRECTOR: LYNNE B. SAGALYN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: MARK J. SANDLER ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: THOMAS W. TOOMEY �� ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: THOMAS C. WAJNERT ISSUER YES FOR & #160; FOR

PROPOSAL #02: PROPOSAL TO RATIFY THE APPOINTMENT OF ISSUER YES FOR FOR

ERNST & YOUNG LLP TO SERVE AS OUR INDEPENDENT

AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2010.

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ISSUER: UNIVERSAL HEALTH REALTY INCOME TRUST

TICKER: UHT CUSIP: 91359E105

MEETING DATE: 6/3/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: MILES L. BERGER ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: ELLIOT J. SUSSMAN, M.D. ISSUER YES FOR & #160; FOR

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ISSUER: URSTADT BIDDLE PROPERTIES INC.

TICKER: UBP CUSIP: 917286106

MEETING DATE: 3/9/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: WILLING L. BIDDLE ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: E. VIRGIL CONWAY ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: ROBERT J. MUELLER ISSUER YES FOR & #160; FOR

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF PKF AS THE ISSUER YES FOR FOR

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE

COMPANY FOR ONE YEAR.

PROPOSAL #03: TO AMEND THE COMPANY'S DIVIDEND ISSUER YES FOR & #160; FOR

REINVESTMENT AND SHARE PURCHASE PLAN.

PROPOSAL #04: TO AMEND THE COMPANY'S RESTRICTED STOCK ISSUER YES FOR FOR

AWARD PLAN.

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ISSUER: URSTADT BIDDLE PROPERTIES INC.

TICKER: UBA CUSIP: 917286205

MEETING DATE: 3/9/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: WILLING L. BIDDLE ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: E. VIRGIL CONWAY ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: ROBERT J. MUELLER ISSUER YES FOR & #160; FOR

PROPOSAL #02: TO RATIFY THE APPOINTMENT OF PKF AS THE ISSUER YES FOR FOR

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE

COMPANY FOR ONE YEAR.

PROPOSAL #03: TO AMEND THE COMPANY'S DIVIDEND ISSUER YES FOR & #160; FOR

REINVESTMENT AND SHARE PURCHASE PLAN.

PROPOSAL #04: TO AMEND THE COMPANY'S RESTRICTED STOCK ISSUER YES FOR FOR

AWARD PLAN.

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ISSUER: U-STORE-IT TRUST

TICKER: YSI CUSIP: 91274F104

MEETING DATE: 6/2/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: W.M. DIEFENDERFER III ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: PIERO BUSSANI ISSUER YES FOR FOR

ELECTION OF DIRECTOR: HAROLD S. HALLER, PH.D. ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: DANIEL B. HURWITZ ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: DEAN JERNIGAN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: MARIANNE M. KELER ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: DAVID J. LARUE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JOHN F. REMONDI ISSUER YES FOR 60; FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF KPMG ISSUER YES FOR FOR

LLP AS THE INDEPENDENT AUDITOR FOR THE YEAR ENDING

DECEMBER 31, 2010.

PROPOSAL #03: AMENDMENT AND RESTATEMENT OF THE ISSUER YES FOR FOR

COMPANY'S 2007 EQUITY INCENTIVE PLAN.

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ISSUER: VANGUARD MARKET LIQUIDITY FUND

TICKER: N/A CUSIP: N/A

MEETING DATE: 7/2/2009 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: JOHN J. BRENNAN ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: CHARLES D. ELLIS ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: EMERSON U. FULLWOOD ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: RAJIV L. GUPTA ISSUER YES FOR FOR

ELECTION OF DIRECTOR: AMY GUTMANN ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JOANN HEFFERNAN HEISEN ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: F. WILLIAM MCNABB III ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: ANDRE F. PEROLD ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: ALFRED M. RANKIN, JR. ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: PETER F. VOLANAKIS ISSUER YES FOR FOR

PROPOSAL #2A: TO APPROVE UPDATING AND STANDARDIZING ISSUER YES FOR FOR

THE FUND(S) FUNDAMENTAL POLICIES REGARDING:

PURCHASING AND SELLING REAL ESTATE.

PROPOSAL #2B: TO APPROVE UPDATING AND STANDARDIZING ISSUER YES FOR FOR

THE FUND(S) FUNDAMENTAL POLICIES REGARDING: ISSUING

SENIOR SECURITIES.

PROPOSAL #2C: TO APPROVE UPDATING AND STANDARDIZING ISSUER YES FOR FOR

THE FUND(S) FUNDAMENTAL POLICIES REGARDING: BORROWING

MONEY.

PROPOSAL #2D: TO APPROVE UPDATING AND STANDARDIZING ISSUER YES FOR FOR

THE FUND(S) FUNDAMENTAL POLICIES REGARDING: MAKING

LOANS.

PROPOSAL #2E: TO APPROVE UPDATING AND STANDARDIZING ISSUER YES FOR FOR

THE FUND(S) FUNDAMENTAL POLICIES REGARDING:

PURCHASING AND SELLING COMMODITIES.

PROPOSAL #2F: TO APPROVE UPDATING AND STANDARDIZING ISSUER YES FOR FOR

THE FUND(S) FUNDAMENTAL POLICIES REGARDING:

CONCENTRATING INVESTMENTS IN A PARTICULAR INDUSTRY OR

GROUP OF INDUSTRIES.

PROPOSAL #2G: TO APPROVE UPDATING AND STANDARDIZING ISSUER YES FOR FOR

THE FUND(S) FUNDAMENTAL POLICIES REGARDING:

ELIMINATION OF OUTDATED FUNDAMENTAL POLICIES NOT

REQUIRED BY LAW.

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ISSUER: VENTAS, INC.

TICKER: VTR CUSIP: 92276F100

MEETING DATE: 4/30/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: DEBRA A. CAFARO ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: DOUGLAS CROCKER II ISSUER YES FOR FOR

ELECTION OF DIRECTOR: RONALD G. GEARY ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: JAY M. GELLERT ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ROBERT D. REED ISSUER YES FOR FOR

ELECTION OF DIRECTOR: SHELI Z. ROSENBERG ISSUER YES FOR FOR

ELECTION OF DIRECTOR: JAMES D. SHELTON ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: THOMAS C. THEOBALD ISSUER YES FOR FOR

PROPOSAL #02: RATIFICATION OF THE SELECTION OF ERNST ISSUER YES FOR FOR

& YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM FOR FISCAL YEAR 2010 THE

BOARD OF DIRECTORS RECOMMENDS A VOTE

AGAINST PROPOSAL 3

PROPOSAL #03: ADOPTION OF A MAJORITY VOTE STANDARD SHAREHOLDER YES AGAINST FOR

FOR THE ELECTION OF DIRECTORS

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ISSUER: VORNADO REALTY TRUST

TICKER: VNO CUSIP: 929042109

MEETING DATE: 5/13/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: CANDACE K. BEINECKE ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ROBERT P. KOGOD ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: DAVID MANDELBAUM ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: RICHARD R. WEST ISSUER YES FOR 60; FOR

PROPOSAL #02: RATIFICATION OF APPOINTMENT OF ISSUER YES FOR & #160; FOR

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.

PROPOSAL #03: APPROVAL OF THE 2010 OMNIBUS SHARE PLAN. ISSUER YES FOR FOR

PROPOSAL #04: SHAREHOLDER PROPOSAL REGARDING MAJORITY SHAREHOLDER YES FOR AGAINST

VOTING FOR TRUSTEES.

PROPOSAL #05: SHAREHOLDER PROPOSAL REGARDING THE SHAREHOLDER YES AGAINST FOR

APPOINTMENT OF AN INDEPENDENT CHAIRMAN.

PROPOSAL #06: SHAREHOLDER PROPOSAL REGARDING SHAREHOLDER YES FOR AGAINST

ESTABLISHING ONE CLASS OF TRUSTEES.

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ISSUER: WASHINGTON REAL ESTATE INVESTMENT TRUST

TICKER: WRE CUSIP: 939653101

MEETING DATE: 5/18/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: MR. WILLIAM G. BYRNES ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: MR. JOHN P. MCDANIEL ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: MR. GEORGE F. MCKENZIE ISSUER YES FOR &# 160; FOR

PROPOSAL #02: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

ERNST & YOUNG LLP AS THE TRUST'S INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR 2010.

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ISSUER: WEINGARTEN REALTY INVESTORS

TICKER: WRI CUSIP: 948741103

MEETING DATE: 5/6/2010 0; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: STANFORD ALEXANDER ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: ANDREW M. ALEXANDER ISSUER YES FOR ; FOR

ELECTION OF DIRECTOR: JAMES W. CROWNOVER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: ROBERT J. CRUIKSHANK ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: MELVIN A. DOW ISSUER YES FOR FOR

ELECTION OF DIRECTOR: STEPHEN A. LASHER ISSUER YES FOR & #160; FOR

ELECTION OF DIRECTOR: DOUGLAS W. SCHNITZER ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: C. PARK SHAPER ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: MARC J. SHAPIRO ISSUER YES FOR 60; FOR

PROPOSAL #02: APPROVAL TO AMEND OUR SIXTH AMENDED AND ISSUER YES FOR FOR

RESTATED DECLARATION OF TRUST TO INCREASE THE NUMBER

OF AUTHORIZED COMMON SHARES OF BENEFICIAL INTEREST

FROM 150,000,000 TO 275,000,000.

PROPOSAL #03: APPROVAL AND ADOPTION OF THE WEINGARTEN ISSUER YES FOR FOR

REALTY INVESTORS 2010 LONG-TERM INCENTIVE PLAN.

PROPOSAL #04: RATIFICATION OF THE APPOINTMENT OF ISSUER YES FOR FOR

DELOITTE & TOUCHE LLP AS OUR INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING

DECEMBER 31, 2010.

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ISSUER: WINTHROP REALTY TRUST

TICKER: FUR CUSIP: 976391300

MEETING DATE: 5/11/2010 60; FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

ELECTION OF DIRECTOR: MICHAEL L. ASHNER ISSUER YES FOR &# 160; FOR

ELECTION OF DIRECTOR: ARTHUR BLASBERG, JR. ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: HOWARD GOLDBERG ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: THOMAS F. MCWILLIAMS ISSUER YES FOR 0; FOR

ELECTION OF DIRECTOR: LEE SEIDLER ISSUER YES FOR FOR

ELECTION OF DIRECTOR: CAROLYN TIFFANY ISSUER YES FOR 60; FOR

ELECTION OF DIRECTOR: STEVEN ZALKIND ISSUER YES FOR FOR

PROPOSAL #02: TO RATIFY THE SELECTION OF ISSUER YES FOR ; FOR

PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2010 FISCAL

YEAR.

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.

VANGUARD SPECIALIZED FUNDS

By: /s/F. William McNabb III

(Heidi Stam)

F. William McNabb III*

Chairman and Chief Executive Officer

Date: August 31, 2010

* By Power of Attorney. Filed on April 26, 2010, see File Number 33-53683.

Incorporated by Reference.

Vanguard Energy Fund (VGENX) N-PXAnnual report of proxy voting record