Vanguard Health Care 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, 2012 - JUNE 30, 2013

FUND: VANGUARD REIT INDEX FUND

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ISSUER: Acadia Realty Trust

TICKER: AKR CUSIP: 004239109

MEETING DATE: 5/15/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1a: ELECT DIRECTOR KENNETH F. BERNSTEIN ISSUER YES FOR FOR

PROPOSAL #1b: ELECT DIRECTOR DOUGLAS CROCKER II ISSUER YES FOR FOR

PROPOSAL #1c: ELECT DIRECTOR LORRENCE T. KELLAR ISSUER YES FOR FOR

PROPOSAL #1d: ELECT DIRECTOR WENDY LUSCOMBE ISSUER YES FOR FOR

PROPOSAL #1e: ELECT DIRECTOR WILLIAM T. SPITZ ISSUER YES FOR FOR

PROPOSAL #1f: ELECT DIRECTOR LEE S. WIELANSKY ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Alexander's, Inc.

TICKER: ALX CUSIP: 014752109

MEETING DATE: 5/23/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR STEVEN ROTH ISSUER YES WITHHOLD AGAINST

PROPOSAL #1.2: ELECT DIRECTOR THOMAS R. DIBENEDETTO ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Alexandria Real Estate Equities, Inc.

TICKER: ARE CUSIP: 015271109

MEETING DATE: 5/20/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JOEL S. MARCUS ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR RICHARD B. JENNINGS ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR JOHN L. ATKINS, III ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR MARIA C. FREIRE ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR RICHARD H. KLEIN ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JAMES H. RICHARDSON ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR MARTIN A. SIMONETTI ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST

OFFICERS' COMPENSATION

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ISSUER: American Assets Trust, Inc.

TICKER: AAT CUSIP: 024013104

MEETING DATE: 7/10/2012 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR ERNEST S. RADY ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR JOHN W. CHAMBERLAIN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR LARRY E. FINGER ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR ALAN D. GOLD ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR DUANE A. NELLES ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR THOMAS S. OLINGER ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR ROBERT S. SULLIVAN ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR

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ISSUER: American Assets Trust, Inc.

TICKER: AAT CUSIP: 024013104

MEETING DATE: 6/13/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR ERNEST S. RADY ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR JOHN W. CHAMBERLAIN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR LARRY E. FINGER ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR DUANE A. NELLES ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR THOMAS S. OLINGER ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR ROBERT S. SULLIVAN ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: American Campus Communities, Inc.

TICKER: ACC CUSIP: 024835100

MEETING DATE: 5/2/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR WILLIAM C. BAYLESS JR. ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR R.D. BURCK ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR G. STEVEN DAWSON ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR CYDNEY C. DONNELL ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR EDWARD LOWENTHAL ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR OLIVER LUCK ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR WINSTON W. WALKER ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: American Realty Capital Trust, Inc.

TICKER: ARCT CUSIP: 02917L101

MEETING DATE: 1/16/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1: APPROVE MERGER AGREEMENT ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE ON GOLDEN PARACHUTES ISSUER YES AGAINST AGAINST

PROPOSAL #3: ADJOURN MEETING ISSUER YES FOR FOR

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ISSUER: APARTMENT INVESTMENT AND MANAGEMENT COMPANY

TICKER: AIV CUSIP: 03748R101

MEETING DATE: 4/30/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JAMES N. BAILEY ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR TERRY CONSIDINE ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR THOMAS L. KELTNER ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR J. LANDIS MARTIN ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR ROBERT A. MILLER ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR KATHLEEN M. NELSON ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR MICHAEL A. STEIN ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Ashford Hospitality Trust, Inc.

TICKER: AHT CUSIP: 044103109

MEETING DATE: 5/14/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR MONTY J. BENNETT ISSUER YES FOR �� FOR

PROPOSAL #1.2: ELECT DIRECTOR BENJAMIN J. ANSELL ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR THOMAS E. CALLAHAN ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR MARTIN L. EDELMAN ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR KAMAL JAFARNIA ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR DOUGLAS A. KESSLER ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR W. MICHAEL MURPHY ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR ALAN L. TALLIS ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR PHILIP S. PAYNE ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR

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ISSUER: Associated Estates Realty Corporation

TICKER: AEC CUSIP: 045604105

MEETING DATE: 5/8/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR ALBERT T. ADAMS ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR JEFFREY I. FRIEDMAN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR MICHAEL E. GIBBONS ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR MARK L. MILSTEIN ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR JAMES J. SANFILIPPO ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JAMES A. SCHOFF ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR RICHARD T. SCHWARZ ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: AvalonBay Communities, Inc.

TICKER: AVB CUSIP: 053484101

MEETING DATE: 5/22/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR GLYN F. AEPPEL ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR ALAN B. BUCKELEW ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR BRUCE A. CHOATE ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR JOHN J. HEALY, JR. ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR TIMOTHY J. NAUGHTON ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR LANCE R. PRIMIS ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR PETER S. RUMMELL ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR H. JAY SARLES ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR W. EDWARD WALTER ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR

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ISSUER: BioMed Realty Trust, Inc.

TICKER: BMR CUSIP: 09063H107

MEETING DATE: 5/29/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR ALAN D. GOLD ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR DANIEL M. BRADBURY ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR BARBARA R. CAMBON ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR EDWARD A. DENNIS ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR RICHARD I. GILCHRIST ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR GARY A. KREITZER ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR THEODORE D. ROTH ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR M. FAYE WILSON ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR

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ISSUER: Boston Properties, Inc.

TICKER: BXP CUSIP: 101121101

MEETING DATE: 5/21/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR ZOË BAIRD BUDINGER ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR CAROL B. EINIGER ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR JACOB A. FRENKEL ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR JOEL I. KLEIN ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR DOUGLAS T. LINDE ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR MATTHEW J. LUSTIG ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR ALAN J. PATRICOF ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR OWEN D. THOMAS ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR MARTIN TURCHIN ISSUER YES FOR FOR

PROPOSAL #1.10: ELECT DIRECTOR DAVID A. TWARDOCK ISSUER YES FOR FOR

PROPOSAL #1.11: ELECT DIRECTOR MORTIMER B. ZUCKERMAN ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Brandywine Realty Trust

TICKER: BDN CUSIP: 105368203

MEETING DATE: 5/30/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR WALTER D'ALESSIO ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR ANTHONY A. NICHOLS, SR. ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR GERARD H. SWEENEY ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR WYCHE FOWLER ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR MICHAEL J. JOYCE ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR CHARLES P. PIZZI ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR JAMES C. DIGGS ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: BRE Properties, Inc.

TICKER: BRE CUSIP: 05564E106

MEETING DATE: 4/24/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR IRVING F. LYONS, III ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR PAULA F. DOWNEY ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR CHRISTOPHER J. MCGURK ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR MATTHEW T. MEDEIROS ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR CONSTANCE B. MOORE ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JEANNE R. MYERSON ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR JEFFREY T. PERO ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR THOMAS E. ROBINSON ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR DENNIS E. SINGLETON ISSUER YES FOR FOR

PROPOSAL #1.10: ELECT DIRECTOR THOMAS P. SULLIVAN ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR

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ISSUER: Camden Property Trust

TICKER: CPT CUSIP: 133131102

MEETING DATE: 5/10/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR RICHARD J. CAMPO ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR SCOTT S. INGRAHAM ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR LEWIS A. LEVEY ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR WILLIAM B. MCGUIRE, JR. ISSUER �� YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR WILLIAM F. PAULSEN ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR D. KEITH ODEN ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR F. GARDNER PARKER ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR FRANCES ALDRICH ISSUER YES FOR FOR

SEVILLA-SACASA

PROPOSAL #1.9: ELECT DIRECTOR STEVEN A. WEBSTER ISSUER YES FOR FOR

PROPOSAL #1.10: ELECT DIRECTOR KELVIN R. WESTBROOK ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Campus Crest Communities, Inc.

TICKER: CCG CUSIP: 13466Y105

MEETING DATE: 4/22/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR TED W. ROLLINS ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR MICHAEL S. HARTNETT ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR RICHARD S. KAHLBAUGH ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR DENIS MCGLYNN ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR WILLIAM G. POPEO ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR DANIEL L. SIMMONS ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: CapLease, Inc.

TICKER: LSE CUSIP: 140288101

MEETING DATE: 6/12/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR PAUL H. MCDOWELL ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR WILLIAM R. POLLERT ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR MICHAEL E. GAGLIARDI ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR CATHERINE F. LONG ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR JEFFREY F. ROGATZ ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR HOWARD A. SILVER ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR

PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: CBL & Associates Properties, Inc.

TICKER: CBL CUSIP: 124830100

MEETING DATE: 5/13/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR STEPHEN D. LEBOVITZ ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR THOMAS J. DEROSA ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR MATTHEW S. DOMINSKI ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR KATHLEEN M. NELSON ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR WINSTON W. WALKER ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Cedar Realty Trust, Inc.

TICKER: CDR CUSIP: 150602209

MEETING DATE: 5/3/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JAMES J. BURNS ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR PAMELA N. HOOTKIN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR PAUL G. KIRK, JR. ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR EVERETT B. MILLER, III ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR BRUCE J. SCHANZER ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR ROGER M. WIDMANN ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Chesapeake Lodging Trust

TICKER: CHSP CUSIP: 165240102

MEETING DATE: 5/21/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JAMES L. FRANCIS ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR DOUGLAS W. VICARI ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR THOMAS A. NATELLI ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR THOMAS D. ECKERT ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR JOHN W. HILL ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR GEORGE F. MCKENZIE ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR JEFFREY D. NUECHTERLEIN ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Colonial Properties Trust

TICKER: CLP CUSIP: 195872106

MEETING DATE: 4/24/2013 FOR/AGAINST

PROPOSAL: �� PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR CARL F. BAILEY ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR EDWIN M. CRAWFORD ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR M. MILLER GORRIE ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR WILLIAM M. JOHNSON ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR JAMES K. LOWDER ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR THOMAS H. LOWDER ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR HERBERT A. MEISLER ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR CLAUDE B. NIELSEN ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR HAROLD W. RIPPS ISSUER YES FOR FOR

PROPOSAL #1.10: ELECT DIRECTOR JOHN W. SPIEGEL ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: CommonWealth REIT

TICKER: CWH CUSIP: 203233101

MEETING DATE: 5/14/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JOSEPH L. MOREA ISSUER YES AGAINST AGAINST

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: CommonWealth REIT

TICKER: CWH CUSIP: 203233101

MEETING DATE: 6/22/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: CONSENT TO REMOVE EXISTING DIRECTOR SHAREHOLDER YES FOR FOR

BARRY M. PORTNOY

PROPOSAL #1.2: CONSENT TO REMOVE EXISTING DIRECTOR SHAREHOLDER YES FOR FOR

ADAM D. PORTNOY

PROPOSAL #1.3: CONSENT TO REMOVE EXISTING DIRECTOR SHAREHOLDER YES FOR FOR

JOSEPH L. MOREA

PROPOSAL #1.4: CONSENT TO REMOVE EXISTING DIRECTOR SHAREHOLDER YES FOR FOR

WILLIAM A. LAMKIN

PROPOSAL #1.5: CONSENT TO REMOVE EXISTING DIRECTOR SHAREHOLDER YES FOR FOR

FREDERICK N. ZEYTOONJIAN

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ISSUER: CoreSite Realty Corporation

TICKER: COR CUSIP: 21870Q105

MEETING DATE: 5/22/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR ROBERT G. STUCKEY ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR THOMAS M. RAY ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR JAMES A. ATTWOOD, JR. ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR MICHAEL KOEHLER ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR PAUL E. SZUREK ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR J. DAVID THOMPSON ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR DAVID A. WILSON ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR

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ISSUER: Corporate Office Properties Trust

TICKER: OFC CUSIP: 22002T108

MEETING DATE: 5/9/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1a: ELECT DIRECTOR JAY H. SHIDLER ISSUER YES FOR FOR

PROPOSAL #1b: ELECT DIRECTOR CLAY W. HAMLIN, III ISSUER YES FOR FOR

PROPOSAL #1c: ELECT DIRECTOR THOMAS F. BRADY ISSUER YES FOR FOR

PROPOSAL #1d: ELECT DIRECTOR ROBERT L. DENTON ISSUER YES FOR FOR

PROPOSAL #1e: ELECT DIRECTOR ELIZABETH A. HIGHT ISSUER YES FOR FOR

PROPOSAL #1f: ELECT DIRECTOR DAVID M. JACOBSTEIN ISSUER YES FOR FOR

PROPOSAL #1g: ELECT DIRECTOR STEVEN D. KESLER ISSUER YES FOR FOR

PROPOSAL #1h: ELECT DIRECTOR RICHARD SZAFRANSKI ISSUER YES FOR FOR

PROPOSAL #1i: ELECT DIRECTOR ROGER A. WAESCHE, JR. ISSUER YES FOR FOR

PROPOSAL #1j: ELECT DIRECTOR KENNETH D. WETHE ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Corrections Corporation of America

TICKER: CXW CUSIP: 22025Y407

MEETING DATE: 5/16/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1a: ELECT DIRECTOR JOHN D. FERGUSON ISSUER YES FOR FOR

PROPOSAL #1b: ELECT DIRECTOR DAMON T. HININGER ISSUER YES FOR FOR

PROPOSAL #1c: ELECT DIRECTOR DONNA M. ALVARADO ISSUER YES FOR FOR

PROPOSAL #1d: ELECT DIRECTOR WILLIAM F. ANDREWS ISSUER YES FOR FOR

PROPOSAL #1e: ELECT DIRECTOR JOHN D. CORRENTI ISSUER YES FOR FOR

PROPOSAL #1f: ELECT DIRECTOR DENNIS W. DECONCINI ISSUER YES FOR FOR

PROPOSAL #1g: ELECT DIRECTOR ROBERT J. DENNIS ISSUER YES FOR FOR

PROPOSAL #1h: ELECT DIRECTOR JOHN R. HORNE ISSUER YES FOR FOR

PROPOSAL #1i: ELECT DIRECTOR C. MICHAEL JACOBI ISSUER YES FOR FOR

PROPOSAL #1j: ELECT DIRECTOR ANNE L. MARIUCCI ISSUER YES FOR FOR

PROPOSAL #1k: ELECT DIRECTOR THURGOOD MARSHALL, JR. ISSUER YES FOR FOR

PROPOSAL #1l: ELECT DIRECTOR CHARLES L. OVERBY ISSUER YES FOR FOR

PROPOSAL #1m: ELECT DIRECTOR JOHN R. PRANN, JR. ISSUER YES FOR FOR

PROPOSAL #1n: ELECT DIRECTOR JOSEPH V. RUSSELL ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: AMEND SECURITIES TRANSFER RESTRICTIONS ISSUER YES FOR FOR

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ISSUER: Cousins Properties Incorporated

TICKER: CUZ CUSIP: 222795106

MEETING DATE: 5/7/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR TOM G. CHARLESWORTH ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR JAMES D. EDWARDS ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR LAWRENCE L. ISSUER YES FOR FOR

GELLERSTEDT, III

PROPOSAL #1.4: ELECT DIRECTOR LILLIAN C. GIORNELLI ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR S. TAYLOR GLOVER ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JAMES H. HANCE, JR. ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR WILLIAM PORTER PAYNE ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR R. DARY STONE ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: CubeSmart

TICKER: CUBE CUSIP: 229663109

MEETING DATE: 5/29/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR WILLIAM M. ISSUER YES FOR FOR

DIEFENDERFER, III

PROPOSAL #1.2: ELECT DIRECTOR PIERO BUSSANI ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR DEAN JERNIGAN ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR MARIANNE M. KELER ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR DEBORAH R. SALZBERG ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JOHN F. REMONDI ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR JEFFREY F. ROGATZ ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR JOHN W. FAIN ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: DCT Industrial Trust Inc.

TICKER: DCT CUSIP: 233153105

MEETING DATE: 5/1/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1a: ELECT DIRECTOR THOMAS G. WATTLES ISSUER YES FOR FOR

PROPOSAL #1b: ELECT DIRECTOR PHILIP L. HAWKINS ISSUER YES FOR FOR

PROPOSAL #1c: ELECT DIRECTOR MARILYN A. ALEXANDER ISSUER YES FOR FOR

PROPOSAL #1d: ELECT DIRECTOR THOMAS F. AUGUST ISSUER YES FOR FOR

PROPOSAL #1e: ELECT DIRECTOR JOHN S. GATES, JR. ISSUER YES FOR FOR

PROPOSAL #1f: ELECT DIRECTOR RAYMOND B. GREER ISSUER YES FOR FOR

PROPOSAL #1g: ELECT DIRECTOR TRIPP H. HARDIN ISSUER YES FOR FOR

PROPOSAL #1h: ELECT DIRECTOR JOHN C. O'KEEFFE ISSUER YES FOR FOR

PROPOSAL #1i: ELECT DIRECTOR BRUCE L. WARWICK ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: DDR Corp.

TICKER: DDR CUSIP: 23317H102

MEETING DATE: 5/14/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR TERRANCE R. AHERN ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR JAMES C. BOLAND ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR THOMAS FINNE ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR ROBERT H. GIDEL ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR DANIEL B. HURWITZ ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR VOLKER KRAFT ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR REBECCA L. MACCARDINI ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR VICTOR B. MACFARLANE ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR CRAIG MACNAB ISSUER YES FOR FOR

PROPOSAL #1.10: ELECT DIRECTOR SCOTT D. ROULSTON ISSUER YES FOR FOR

PROPOSAL #1.11: ELECT DIRECTOR BARRY A. SHOLEM ISSUER YES FOR FOR

PROPOSAL #2: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR

PROPOSAL #3: PERMIT BOARD TO AMEND BYLAWS WITHOUT ISSUER YES FOR FOR

SHAREHOLDER CONSENT

PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #5: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: DiamondRock Hospitality Company

TICKER: DRH CUSIP: 252784301

MEETING DATE: 5/8/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR WILLIAM W. MCCARTEN ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR DANIEL J. ALTOBELLO ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR W. ROBERT GRAFTON ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR MAUREEN L. MCAVEY ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR GILBERT T. RAY ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR BRUCE D. WARDINSKI ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR MARK W. BRUGGER ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Digital Realty Trust, Inc.

TICKER: DLR CUSIP: 253868103

MEETING DATE: 5/1/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: ELECT DIRECTOR DENNIS E. SINGLETON ISSUER YES FOR FOR

PROPOSAL #1B: ELECT DIRECTOR MICHAEL F. FOUST ISSUER YES FOR FOR

PROPOSAL #1C: ELECT DIRECTOR LAURENCE A. CHAPMAN ISSUER YES FOR FOR

PROPOSAL #1D: ELECT DIRECTOR KATHLEEN EARLEY ISSUER YES FOR FOR

PROPOSAL #1E: ELECT DIRECTOR RUANN F. ERNST ISSUER YES FOR FOR

PROPOSAL #1F: ELECT DIRECTOR KEVIN J. KENNEDY ISSUER YES FOR FOR

PROPOSAL #1G: ELECT DIRECTOR WILLIAM G. LAPERCH ISSUER YES FOR FOR

PROPOSAL #1H: ELECT DIRECTOR ROBERT H. ZERBST ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Douglas Emmett, Inc.

TICKER: DEI CUSIP: 25960P109

MEETING DATE: 6/4/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR DAN A. EMMETT ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR JORDAN L. KAPLAN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR KENNETH M. PANZER ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR CHRISTOPHER H. ANDERSON ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR LESLIE E. BIDER ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR DAVID T. FEINBERG ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR THOMAS E. O'HERN ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR WILLIAM E. SIMON, JR. ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES �� FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Duke Realty Corporation

TICKER: DRE CUSIP: 264411505

MEETING DATE: 4/24/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1a: ELECT DIRECTOR THOMAS J. BALTIMORE, JR. ISSUER YES FOR FOR

PROPOSAL #1b: ELECT DIRECTOR WILLIAM CAVANAUGH, III ISSUER YES FOR FOR

PROPOSAL #1c: ELECT DIRECTOR ALAN H. COHEN ISSUER YES FOR FOR

PROPOSAL #1d: ELECT DIRECTOR NGAIRE E. CUNEO ISSUER YES FOR FOR

PROPOSAL #1e: ELECT DIRECTOR CHARLES R. EITEL ISSUER YES FOR FOR

PROPOSAL #1f: ELECT DIRECTOR MARTIN C. JISCHKE ISSUER YES FOR FOR

PROPOSAL #1g: ELECT DIRECTOR DENNIS D. OKLAK ISSUER YES FOR FOR

PROPOSAL #1h: ELECT DIRECTOR MELANIE R. SABELHAUS ISSUER YES FOR FOR

PROPOSAL #1i: ELECT DIRECTOR PETER M. SCOTT, III ISSUER YES FOR FOR

PROPOSAL #1j: ELECT DIRECTOR JACK R. SHAW ISSUER YES FOR FOR

PROPOSAL #1k: ELECT DIRECTOR LYNN C. THURBER ISSUER YES FOR FOR

PROPOSAL #1l: ELECT DIRECTOR ROBERT J. WOODWARD, JR. ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: DuPont Fabros Technology, Inc.

TICKER: DFT CUSIP: 26613Q106

MEETING DATE: 5/30/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR MICHAEL A. COKE ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR LAMMOT J. DU PONT ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR THOMAS D. ECKERT ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR HOSSEIN FATEH ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR JONATHAN G. HEILIGER ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR FREDERIC V. MALEK ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR JOHN T. ROBERTS, JR. ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR JOHN H. TOOLE ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: EastGroup Properties, Inc.

TICKER: EGP CUSIP: 277276101

MEETING DATE: 5/29/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR D. PIKE ALOIAN ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR H.C. BAILEY, JR. ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR HAYDEN C. EAVES, III ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR FREDRIC H. GOULD ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR DAVID H. HOSTER, II ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR MARY E. MCCORMICK ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR DAVID M. OSNOS ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR LELAND R. SPEED ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: APPROVE RESTRICTED STOCK PLAN ISSUER YES FOR FOR

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ISSUER: Education Realty Trust, Inc.

TICKER: EDR CUSIP: 28140H104

MEETING DATE: 5/8/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR PAUL O. BOWER ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR MONTE J. BARROW ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR WILLIAM J. CAHILL, III ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR RANDALL L. CHURCHEY ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR JOHN L. FORD ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR HOWARD A. SILVER ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR WENDELL W. WEAKLEY ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: EPR Properties

TICKER: EPR CUSIP: 26884U109

MEETING DATE: 5/15/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR BARRETT BRADY ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR PETER C. BROWN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR THOMAS M. BLOCH ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR

PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Equity LifeStyle Properties, Inc.

TICKER: ELS CUSIP: 29472R108

MEETING DATE: 5/8/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR PHILIP CALIAN ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR DAVID CONTIS ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR THOMAS DOBROWSKI ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR THOMAS HENEGHAN ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR MARGUERITE NADER ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR SHELI ROSENBERG ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR HOWARD WALKER ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR GARY WATERMAN ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR WILLIAM YOUNG ISSUER YES FOR FOR

PROPOSAL #1.10: ELECT DIRECTOR SAMUEL ZELL ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: REPORT ON POLITICAL CONTRIBUTIONS AND SHAREHOLDER YES AGAINST FOR

LOBBYING COMMUNICATIONS

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ISSUER: Equity One, Inc.

TICKER: EQY CUSIP: 294752100

MEETING DATE: 5/9/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JAMES S. CASSEL ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR CYNTHIA R. COHEN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR NEIL FLANZRAICH ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR CHAIM KATZMAN ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR PETER LINNEMAN ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR GALIA MAOR ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR JEFFREY S. OLSON ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR DORI SEGAL ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR DAVID FISCHEL ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: OTHER BUSINESS ISSUER YES AGAINST AGAINST

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ISSUER: Equity Residential

TICKER: EQR CUSIP: 29476L107

MEETING DATE: 6/13/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JOHN W. ALEXANDER ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR CHARLES L. ATWOOD ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR LINDA WALKER BYNOE ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR MARY KAY HABEN ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR BRADLEY A. KEYWELL ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JOHN E. NEAL ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR DAVID J. NEITHERCUT ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR MARK S. SHAPIRO ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR GERALD A. SPECTOR ISSUER YES FOR FOR

PROPOSAL #1.10: ELECT DIRECTOR B. JOSEPH WHITE ISSUER YES FOR FOR

PROPOSAL #1.11: ELECT DIRECTOR SAMUEL ZELL ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: REPORT ON SUSTAINABILITY SHAREHOLDER YES AGAINST FOR

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ISSUER: Essex Property Trust, Inc.

TICKER: ESS CUSIP: 297178105

MEETING DATE: 5/14/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR KEITH R. GUERICKE ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR ISSIE N. RABINOVITCH ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR THOMAS E. RANDLETT ISSUER YES FOR FOR

PROPOSAL #2: DECLASSIFY THE BOARD OF DIRECTORS ISSUER YES FOR FOR

PROPOSAL #3: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR

PROPOSAL #4: APPROVE QUALIFIED EMPLOYEE STOCK ISSUER YES FOR FOR

PURCHASE PLAN

PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #6: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Excel Trust, Inc.

TICKER: EXL CUSIP: 30068C109

MEETING DATE: 5/7/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR GARY B. SABIN ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR SPENCER G. PLUMB ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR MARK T. BURTON ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR BRUCE G. BLAKLEY ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR BURLAND B. EAST, III ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR ROBERT E. PARSONS, JR. ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR WARREN R. STALEY ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Extra Space Storage Inc.

TICKER: EXR CUSIP: 30225T102

MEETING DATE: 5/21/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR KENNETH M. WOOLLEY ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR SPENCER F. KIRK ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR ANTHONY FANTICOLA ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR HUGH W. HORNE ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR JOSEPH D. MARGOLIS ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR ROGER B. PORTER ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR K. FRED SKOUSEN ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Federal Realty Investment Trust

TICKER: FRT CUSIP: 313747206

MEETING DATE: 5/1/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JON E. BORTZ ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR DAVID W. FAEDER ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR KRISTIN GAMBLE ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR GAIL P. STEINEL ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR WARREN M. THOMPSON ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JOSEPH S. VASSALLUZZO ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR DONALD C. WOOD ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

----------------------------------------------------------------------------------------------------------------------------------------------------------------

ISSUER: FelCor Lodging Trust Incorporated

TICKER: FCH CUSIP: 31430F101

MEETING DATE: 5/21/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR CHRISTOPHER J. HARTUNG ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR CHARLES A. LEDSINGER, ISSUER YES FOR FOR

JR.

PROPOSAL #1.3: ELECT DIRECTOR ROBERT H. LUTZ, JR. ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: First Industrial Realty Trust, Inc.

TICKER: FR CUSIP: 32054K103

MEETING DATE: 5/9/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1A: DECLASSIFY THE BOARD OF DIRECTORS ISSUER YES FOR FOR

PROPOSAL #1B: PROVIDE DIRECTORS MAY ONLY BE REMOVED ISSUER YES FOR FOR

FOR CAUSE

PROPOSAL #1C: APPROVE STOCK OWNERSHIP LIMITATIONS ISSUER YES FOR FOR

PROPOSAL #1D: DELETE THE CURRENT DEFINITION OF ISSUER YES FOR FOR

'INDEPENDENT DIRECTOR'

PROPOSAL #1E: REMOVE EXISTING EXCEPTION FROM THE ISSUER YES FOR FOR

COMPANY'S ELECTION TO BE GOVERNED BY THE PROVISIONS

OF THE MARYLAND BUSINESS COMBINATION ACT

PROPOSAL #2.1: ELECT DIRECTOR MATTHEW S. DOMINSKI ISSUER YES FOR FOR

PROPOSAL #2.2: ELECT DIRECTOR BRUCE W. DUNCAN ISSUER YES FOR FOR

PROPOSAL #2.3: ELECT DIRECTOR H. PATRICK HACKETT, JR. ISSUER YES FOR FOR

PROPOSAL #2.4: ELECT DIRECTOR JOHN RAU ISSUER YES FOR FOR

PROPOSAL #2.5: ELECT DIRECTOR L. PETER SHARPE ISSUER YES FOR FOR

PROPOSAL #2.6: ELECT DIRECTOR W. ED TYLER ISSUER YES FOR FOR

PROPOSAL #3.1: ELECT DIRECTOR H. PATRICK HACKETT, JR. ISSUER YES FOR FOR

PROPOSAL #3.2: ELECT DIRECTOR L. PETER SHARPE ISSUER YES FOR FOR

PROPOSAL #3.3: ELECT DIRECTOR MATTHEW S. DOMINSKI ISSUER YES FOR FOR

PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: First Potomac Realty Trust

TICKER: FPO CUSIP: 33610F109

MEETING DATE: 5/22/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR ROBERT H. ARNOLD ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR RICHARD B. CHESS ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR DOUGLAS J. DONATELLI ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR J. RODERICK HELLER, III ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR R. MICHAEL MCCULLOUGH ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR ALAN G. MERTEN ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR TERRY L. STEVENS ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Franklin Street Properties Corp.

TICKER: FSP CUSIP: 35471R106

MEETING DATE: 5/16/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR BRIAN N. HANSEN ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR DENNIS J. MCGILLICUDDY ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR JANET PRIER NOTOPOULOS ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: General Growth Properties, Inc.

TICKER: GGP CUSIP: 370023103

MEETING DATE: 5/10/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR RICHARD B. CLARK ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR MARY LOU FIALA ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR J. BRUCE FLATT ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR JOHN K. HALEY ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR CYRUS MADON ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR SANDEEP MATHRANI ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR DAVID J. NEITHERCUT ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR MARK R. PATTERSON ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR JOHN G. SCHREIBER ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Getty Realty Corp.

TICKER: GTY CUSIP: 374297109

MEETING DATE: 5/14/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1a: ELECT DIRECTOR LEO LIEBOWITZ ISSUER YES FOR FOR

PROPOSAL #1b: ELECT DIRECTOR MILTON COOPER ISSUER YES FOR FOR

PROPOSAL #1c: ELECT DIRECTOR PHILIP E. COVIELLO ISSUER YES FOR FOR

PROPOSAL #1d: ELECT DIRECTOR DAVID B. DRISCOLL ISSUER YES FOR FOR

PROPOSAL #1e: ELECT DIRECTOR RICHARD E. MONTAG ISSUER YES FOR FOR

PROPOSAL #1f: ELECT DIRECTOR HOWARD B. SAFENOWITZ ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Glimcher Realty Trust

TICKER: GRT CUSIP: 379302102

MEETING DATE: 5/9/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR TIMOTHY J. O'BRIEN ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR NILES C. OVERLY ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR WILLIAM S. WILLIAMS ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Government Properties Income Trust

TICKER: GOV CUSIP: 38376A103

MEETING DATE: 5/21/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JOHN L. HARRINGTON ISSUER YES FOR FOR

PROPOSAL #2.1: ELECT DIRECTOR ADAM D. PORTNOY ISSUER YES FOR FOR

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: HCP, Inc.

TICKER: HCP CUSIP: 40414L109

MEETING DATE: 4/25/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1a: ELECT DIRECTOR JAMES F. FLAHERTY, III ISSUER YES FOR FOR

PROPOSAL #1b: ELECT DIRECTOR CHRISTINE N. GARVEY ISSUER YES FOR FOR

PROPOSAL #1c: ELECT DIRECTOR DAVID B. HENRY ISSUER YES FOR FOR

PROPOSAL #1d: ELECT DIRECTOR LAURALEE E. MARTIN ISSUER YES FOR FOR

PROPOSAL #1e: ELECT DIRECTOR MICHAEL D. MCKEE ISSUER YES FOR FOR

PROPOSAL #1f: ELECT DIRECTOR PETER L. RHEIN ISSUER YES FOR FOR

PROPOSAL #1g: ELECT DIRECTOR KENNETH B. ROATH ISSUER YES FOR FOR

PROPOSAL #1h: ELECT DIRECTOR JOSEPH P. SULLIVAN ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Health Care REIT, Inc.

TICKER: HCN CUSIP: 42217K106

MEETING DATE: 5/2/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR WILLIAM C. BALLARD, JR. ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR GEORGE L. CHAPMAN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR THOMAS J. DEROSA ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR JEFFREY H. DONAHUE ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR PETER J. GRUA �� ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR FRED S. KLIPSCH ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR SHARON M. OSTER ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR JEFFREY R. OTTEN ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR JUDITH C. PELHAM ISSUER YES FOR FOR

PROPOSAL #1.10: ELECT DIRECTOR R. SCOTT TRUMBULL ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Healthcare Realty Trust Incorporated

TICKER: HR CUSIP: 421946104

MEETING DATE: 5/14/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR EDWIN B. MORRIS III ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR JOHN KNOX SINGLETON ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR ROGER O. WEST ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Hersha Hospitality Trust

TICKER: HT CUSIP: 427825104

MEETING DATE: 5/23/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1a: ELECT DIRECTOR HASU P. SHAH ISSUER YES FOR FOR

PROPOSAL #1b: ELECT DIRECTOR DIANNA F. MORGAN ISSUER YES FOR FOR

PROPOSAL #1c: ELECT DIRECTOR KIRAN P. PATEL ISSUER YES FOR FOR

PROPOSAL #1d: ELECT DIRECTOR JOHN M. SABIN ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Highwoods Properties, Inc.

TICKER: HIW CUSIP: 431284108

MEETING DATE: 5/15/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR THOMAS W. ADLER ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR GENE H. ANDERSON ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR EDWARD J. FRITSCH ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR DAVID J. HARTZELL ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR SHERRY A. KELLETT ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR MARK F. MULHERN ISSUER �� YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR L. GLENN ORR, JR. ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR O. TEMPLE SLOAN, JR. ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Home Properties, Inc.

TICKER: HME CUSIP: 437306103

MEETING DATE: 4/30/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR STEPHEN R. BLANK ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR ALAN L. GOSULE ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR LEONARD F. HELBIG, III ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR THOMAS P. LYDON, JR. ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR EDWARD J. PETTINELLA ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR CLIFFORD W. SMITH, JR. ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Hospitality Properties Trust

TICKER: HPT CUSIP: 44106M102

MEETING DATE: 5/15/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR WILLIAM A. LAMKIN ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #4: REDUCE SUPERMAJORITY VOTE REQUIREMENT SHAREHOLDER YES AGAINST FOR

PROPOSAL #5: DECLASSIFY THE BOARD OF DIRECTORS SHAREHOLDER YES FOR AGAINST

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ISSUER: Host Hotels & Resorts, Inc.

TICKER: HST CUSIP: 44107P104

MEETING DATE: 5/16/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR SHEILA C. BAIR ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR ROBERT M. BAYLIS ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR TERENCE C. GOLDEN ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR ANN M. KOROLOGOS ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR RICHARD E. MARRIOTT ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JOHN B. MORSE, JR. ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR WALTER C. RAKOWICH ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR GORDON H. SMITH ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR W. EDWARD WALTER ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Hudson Pacific Properties, Inc.

TICKER: HPP CUSIP: 444097109

MEETING DATE: 5/17/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR VICTOR J. COLEMAN ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR HOWARD S. STERN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR THEODORE R. ANTENUCCI ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR RICHARD B. FRIED ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR JONATHAN M. GLASER ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR MARK D. LINEHAN ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR ROBERT M. MORAN, JR. ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR BARRY A. PORTER ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR PATRICK WHITESELL ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Inland Real Estate Corporation

TICKER: IRC CUSIP: 457461200

MEETING DATE: 6/27/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1a: ELECT DIRECTOR THOMAS P. D'ARCY ISSUER YES FOR FOR

PROPOSAL #1b: ELECT DIRECTOR DANIEL L. GOODWIN ISSUER YES FOR FOR

PROPOSAL #1c: ELECT DIRECTOR JOEL G. HERTER ISSUER YES FOR FOR

PROPOSAL #1d: ELECT DIRECTOR HEIDI N. LAWTON ISSUER YES FOR FOR

PROPOSAL #1e: ELECT DIRECTOR THOMAS H. MCAULEY ISSUER YES FOR FOR

PROPOSAL #1f: ELECT DIRECTOR THOMAS R. MCWILLIAMS ISSUER YES FOR FOR

PROPOSAL #1g: ELECT DIRECTOR JOEL D. SIMMONS ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3a: AMEND CHARTER TO REMOVE PROVISIONS ISSUER YES FOR FOR

PROPOSAL #3b: AMEND CHARTER TO REVISE PROVISIONS ISSUER YES FOR FOR

PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Investors Real Estate Trust

TICKER: IRET CUSIP: 461730103

MEETING DATE: 9/18/2012 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR TIMOTHY P. MIHALICK ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR JEFFREY L. MILLER ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR JOHN T. REED ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR W. DAVID SCOTT ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR STEPHEN L. STENEHJEM ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JOHN D. STEWART ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR THOMAS A. WENTZ, JR. ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR JEFFREY K. WOODBURY ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR LINDA HALL KELLER ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Kilroy Realty Corporation

TICKER: KRC CUSIP: 49427F108

MEETING DATE: 5/23/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JOHN B. KILROY, JR. ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR EDWARD F. BRENNAN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR WILLIAM P. DICKEY ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR SCOTT S. INGRAHAM ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR DALE F. KINSELLA ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR

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ISSUER: Kimco Realty Corporation

TICKER: KIM CUSIP: 49446R109

MEETING DATE: 4/30/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR MILTON COOPER ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR PHILLIP E. COVIELLO ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR RICHARD G. DOOLEY ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR JOE GRILLS ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR DAVID B. HENRY ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR F. PATRICK HUGHES ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR FRANK LOURENSO ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR COLOMBE M. NICHOLAS ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR RICHARD B. SALTZMAN ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Kite Realty Group Trust

TICKER: KRG CUSIP: 49803T102

MEETING DATE: 5/8/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JOHN A. KITE ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR WILLIAM E. BINDLEY ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR VICTOR J. COLEMAN ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR RICHARD A. COSIER ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR CHRISTIE B. KELLY ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR GERALD L. MOSS ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR MICHAEL L. SMITH ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR

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ISSUER: LaSalle Hotel Properties

TICKER: LHO CUSIP: 517942108

MEETING DATE: 4/30/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR DENISE M. COLL ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR STUART L. SCOTT ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

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ISSUER: Lexington Realty Trust

TICKER: LXP CUSIP: 529043101

MEETING DATE: 5/21/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR E. ROBERT ROSKIND ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR T. WILSON EGLIN ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR CLIFFORD BROSER ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR HAROLD FIRST ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR RICHARD S. FRARY ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JAMES GROSFIELD ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR KEVIN W. LYNCH ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Liberty Property Trust

TICKER: LRY CUSIP: 531172104

MEETING DATE: 5/9/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR FREDERICK F. BUCHHOLZ ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR THOMAS C. DELOACH, JR. ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR KATHERINE ELIZABETH ISSUER YES FOR FOR

DIETZE

PROPOSAL #1.4: ELECT DIRECTOR DANIEL P. GARTON ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR WILLIAM P. HANKOWSKY ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR M. LEANNE LACHMAN ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR DAVID L. LINGERFELT ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR STEPHEN D. STEINOUR ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: LTC Properties, Inc.

TICKER: LTC CUSIP: 502175102

MEETING DATE: 5/21/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR ANDRE C. DIMITRIADIS ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR BOYD W. HENDRICKSON ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR EDMUND C. KING ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR DEVRA G. SHAPIRO ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR WENDY L. SIMPSON ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR TIMOTHY J. TRICHE ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

----------------------------------------------------------------------------------------------------------------------------------------------------------------

ISSUER: Mack-Cali Realty Corporation

TICKER: CLI CUSIP: 554489104

MEETING DATE: 5/15/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR KENNETH M. DUBERSTEIN ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR VINCENT TESE ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR ROY J. ZUCKERBERG ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #4: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR

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ISSUER: Medical Properties Trust, Inc.

TICKER: MPW CUSIP: 58463J304

MEETING DATE: 5/23/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR EDWARD K. ALDAG, JR. ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR G. STEVEN DAWSON ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR R. STEVEN HAMNER ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR ROBERT E. HOLMES ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR SHERRY A. KELLETT ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR WILLIAM G. MCKENZIE ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR L. GLENN ORR, JR. ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR

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ISSUER: Mid-America Apartment Communities, Inc.

TICKER: MAA CUSIP: 59522J103

MEETING DATE: 5/21/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR H. ERIC BOLTON, JR. ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR ALAN B. GRAF, JR. ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR RALPH HORN ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR PHILIP W. NORWOOD ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR W. REID SANDERS ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR WILLIAM B. SANSOM ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR GARY SHORB ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Monmouth Real Estate Investment Corporation

TICKER: MNR CUSIP: 609720107

MEETING DATE: 5/2/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR ANNA T. CHEW ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR DANIEL D. CRONHEIM ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR SCOTT L. ROBINSON ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR EUGENE ROTHENBERG ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: REQUIRE A MAJORITY VOTE FOR THE ELECTION SHAREHOLDER YES AGAINST FOR

OF DIRECTORS

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ISSUER: National Health Investors, Inc.

TICKER: NHI CUSIP: 63633D104

MEETING DATE: 4/29/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1a: ELECT DIRECTOR J. JUSTIN HUTCHENS ISSUER YES FOR FOR

PROPOSAL #1b: ELECT DIRECTOR JAMES R. JOBE ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: National Retail Properties, Inc.

TICKER: NNN CUSIP: 637417106

MEETING DATE: 5/23/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR DON DEFOSSET ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR DAVID M. FICK ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR EDWARD J. FRITSCH ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR KEVIN B. HABICHT ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR RICHARD B. JENNINGS ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR TED B. LANIER ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR ROBERT C. LEGLER ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR CRAIG MACNAB ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR ROBERT MARTINEZ ISSUER YES FOR FOR

PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR

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ISSUER: Omega Healthcare Investors, Inc.

TICKER: OHI CUSIP: 681936100

MEETING DATE: 6/6/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR EDWARD LOWENTHAL ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR STEPHEN D. PLAVIN ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR

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ISSUER: Parkway Properties, Inc.

TICKER: PKY CUSIP: 70159Q104

MEETING DATE: 7/31/2012 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1: APPROVE EQUITY INVESTMENT RIGHTS ISSUER YES FOR FOR

PROPOSAL #2: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR

PROPOSAL #3: ADJOURN MEETING ISSUER YES FOR FOR

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ISSUER: Parkway Properties, Inc.

TICKER: PKY CUSIP: 70159Q104

MEETING DATE: 5/16/2013 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR AVI BANYASZ ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR CHARLES T. CANNADA ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR EDWARD M. CASAL ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR KELVIN L. DAVIS ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR LAURIE L. DOTTER ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR JAMES R. HEISTAND ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR C. WILLIAM HOSLER ISSUER YES FOR FOR

PROPOSAL #1.8: ELECT DIRECTOR ADAM S. METZ ISSUER YES FOR FOR

PROPOSAL #1.9: ELECT DIRECTOR BRENDA J. MIXSON ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR

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ISSUER: Pebblebrook Hotel Trust

TICKER: PEB CUSIP: 70509V100

MEETING DATE: 7/10/2012 FOR/AGAINST

PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT

PROPOSAL #1.1: ELECT DIRECTOR JON E. BORTZ ISSUER YES FOR FOR

PROPOSAL #1.2: ELECT DIRECTOR CYDNEY C. DONNELL ISSUER YES FOR FOR

PROPOSAL #1.3: ELECT DIRECTOR RON E. JACKSON ISSUER YES FOR FOR

PROPOSAL #1.4: ELECT DIRECTOR PHILLIP M. MILLER ISSUER YES FOR FOR

PROPOSAL #1.5: ELECT DIRECTOR MICHAEL J. SCHALL ISSUER YES FOR FOR

PROPOSAL #1.6: ELECT DIRECTOR EARL E. WEBB ISSUER YES FOR FOR

PROPOSAL #1.7: ELECT DIRECTOR LAURA H. WRIGHT ISSUER YES FOR FOR

PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR

PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR

OFFICERS' COMPENSATION

PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR

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ISSUER: Pebblebrook Hotel Trust

TICKER: PEB CUSIP: 70509V100

MEETING DATE: 6/17/2013 FOR/AGAINST