FORM N-PX

                     ANNUAL REPORT OF PROXY VOTING RECORD OF
                    REGISTERED MANAGEMENT INVESTMENT COMPANY

                  Investment Company Act file number 811-08565

                       Strategic Partners Real Estate Fund

               (Exact name of registrant as specified in charter)


     100 Mulberry Street, Gateway Center Three, 4 th Floor, Newark, NJ 07102

               (Address of principal executive offices) (Zip Code)


                             Jonathan D. Shain, Esq.
     100 Mulberry Street, Gateway Center Three, 4 th Floor, Newark, NJ 07102

                     (Name and address of agent for service)


        Registrant's telephone number, including area code: 973-802-6469

                        Date of fiscal year-end: March 31

                     Date of reporting period: June 30, 2006





Item 1. Proxy Voting Record

In determining votes against management, any ballot that management did not
make a recommendation is considered to be "FOR" regardless of the vote cast.
Any "Abstain" vote cast is considered as voted, and to be against the
management recommendation.





******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-08565
Reporting Period: 07/01/2005 - 06/30/2006
Strategic Partners Real Estate Securities Fund









=========== STRATEGIC PARTNERS REAL ESTATE FUND - ADVISOR: PRINCIPAL ===========
===========                     GLOBAL INVESTORS                     ===========


ACADIA REALTY TRUST

Ticker:       AKR            Security ID:  004239109
Meeting Date: MAY 15, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Kenneth F. Bernstein       For       For        Management
1.2   Elect Director Douglas Crocker, II        For       For        Management
1.3   Elect Director Alan S. Forman             For       For        Management
1.4   Elect Director Suzanne Hopgood            For       For        Management
1.5   Elect Director Lorrence T. Kellar         For       For        Management
1.6   Elect Director Wendy Luscombe             For       For        Management
1.7   Elect Director Lee S. Wielansky           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Amend Declaration of Trust to Eliminate   For       For        Management
      4% Excess Share Provision
4     Ratify Auditors                           For       For        Management
5     Adjourn Meeting                           For       Against    Management


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ALEXANDRIA REAL ESTATE EQUITIES, INC.

Ticker:       ARE            Security ID:  015271109
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jerry M. Sudarsky          For       Withhold   Management
1.2   Elect Director Joel S. Marcus             For       For        Management
1.3   Elect Director James H. Richardson        For       For        Management
1.4   Elect Director Richard B. Jennings        For       For        Management
1.5   Elect Director Richard H. Klein           For       For        Management
1.6   Elect Director Martin A. Simonetti        For       For        Management
1.7   Elect Director Alan G. Walton             For       For        Management
1.8   Elect Director Richmond A. Wolf           For       For        Management
2     Ratify Auditors                           For       For        Management


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AMB PROPERTY CORP.

Ticker:       AMB            Security ID:  00163T109
Meeting Date: MAY 11, 2006   Meeting Type: Annual
Record Date:  MAR 7, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Hamid R. Moghadam          For       For        Management
1.2   Elect Director W. Blake Baird             For       For        Management
1.3   Elect Director Afsaneh M. Beschloss       For       For        Management
1.4   Elect Director T. Robert Burke            For       For        Management
1.5   Elect Director David A. Cole              For       For        Management
1.6   Elect Director Lydia H. Kennard           For       For        Management
1.7   Elect Director J. Michael Losh            For       For        Management
1.8   Elect Director Frederick W. Reid          For       For        Management
1.9   Elect Director Jeffrey L. Skelton         For       For        Management
1.10  Elect Director Thomas W. Tusher           For       For        Management
2     Ratify Auditors                           For       For        Management


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ARCHSTONE SMITH TRUST

Ticker:       ASN            Security ID:  039583109
Meeting Date: MAY 17, 2006   Meeting Type: Annual
Record Date:  MAR 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James A. Cardwell          For       For        Management
1.2   Elect Director Ernest A. Gerardi, Jr.     For       For        Management
1.3   Elect Director Ruth Ann M. Gillis         For       For        Management
1.4   Elect Director Ned S. Holmes              For       For        Management
1.5   Elect Director Robert P. Kogod            For       For        Management
1.6   Elect Director James H. Polk, III         For       For        Management
1.7   Elect Director John M. Richman            For       For        Management
1.8   Elect Director John C. Schweitzer         For       For        Management
1.9   Elect Director R. Scot Sellers            For       For        Management
1.10  Elect Director Robert H. Smith            For       For        Management
2     Ratify Auditors                           For       For        Management


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AVALONBAY COMMUNITIES, INC.

Ticker:       AVB            Security ID:  053484101
Meeting Date: MAY 17, 2006   Meeting Type: Annual
Record Date:  MAR 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Bryce Blair                For       For        Management
1.2   Elect Director Bruce A. Choate            For       For        Management
1.3   Elect Director John J. Healy, Jr.         For       For        Management
1.4   Elect Director Gilbert M. Meyer           For       For        Management
1.5   Elect Director Timothy J. Naughton        For       For        Management
1.6   Elect Director Lance R. Primis            For       For        Management
1.7   Elect Director H. Jay Sarles              For       For        Management
1.8   Elect Director Allan D. Schuster          For       For        Management
1.9   Elect Director Amy P. Williams            For       For        Management
2     Ratify Auditors                           For       For        Management


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BIOMED REALTY TRUST INC

Ticker:       BMR            Security ID:  09063H107
Meeting Date: MAY 19, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Alan D. Gold               For       For        Management
1.2   Elect Director Barbara R. Cambon          For       For        Management
1.3   Elect Director Edward A. Dennis, Ph.D.    For       For        Management
1.4   Elect Director Gary A. Kreitzer           For       For        Management
1.5   Elect Director Mark J. Riedy, Ph.D.       For       For        Management
1.6   Elect Director Theodore D. Roth           For       For        Management
1.7   Elect Director M. Faye Wilson             For       For        Management
2     Ratify Auditors                           For       For        Management


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BOSTON PROPERTIES INC.

Ticker:       BXP            Security ID:  101121101
Meeting Date: MAY 3, 2006    Meeting Type: Annual
Record Date:  MAR 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William M. Daley           For       Withhold   Management
1.2   Elect Director Edward H. Linde            For       Withhold   Management
1.3   Elect Director David A. Twardock          For       Withhold   Management
2     Declassify the Board of Directors         Against   For        Shareholder
3     Performance-Based                         Against   For        Shareholder


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BRE PROPERTIES, INC.

Ticker:       BRE            Security ID:  05564E106
Meeting Date: MAY 4, 2006    Meeting Type: Annual
Record Date:  MAR 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert A. Fiddaman         For       For        Management
1.2   Elect Director Roger P. Kuppinger         For       For        Management
1.3   Elect Director Irving F. Lyons, III       For       For        Management
1.4   Elect Director Edward E. Mace             For       For        Management
1.5   Elect Director Christopher J. Mcgurk      For       For        Management
1.6   Elect Director Matthew T. Medeiros        For       For        Management
1.7   Elect Director Constance B. Moore         For       For        Management
1.8   Elect Director Jeanne R. Myerson          For       For        Management
1.9   Elect Director Gregory M. Simon           For       For        Management
2     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
3     Ratify Auditors                           For       For        Management


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BROOKFIELD PROPERTIES CORP.

Ticker:       BPO.           Security ID:  112900105
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  MAR 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Mr. Gordon E. Arnell      For       For        Management
1.2   Elect  Director Mr. William T. Cahill     For       For        Management
1.3   Elect  Director Mr. Richard B. Clark      For       For        Management
1.4   Elect  Director Mr. Jack L. Cockwell      For       For        Management
1.5   Elect  Director Mr. J. Bruce Flatt        For       For        Management
1.6   Elect  Director Mr. Roderick D. Fraser    For       For        Management
1.7   Elect  Director Mr. Paul D. McFarlane     For       For        Management
1.8   Elect  Director Mr. Allan S. Olson        For       For        Management
1.9   Elect  Director Mr. Sam Pollock           For       For        Management
1.10  Elect  Director Ms. Linda D. Rabbitt      For       For        Management
1.11  Elect  Director Mr. Robert L. Stelzl      For       For        Management
1.12  Elect  Director Mr. William C. Wheaton    For       For        Management
1.13  Elect  Director Mr. John E. Zuccotti      For       For        Management
2     Approve Deloitte and Touche as Auditors   For       For        Management
      and Authorize Board to Fix Remuneration
      of Auditors


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CAMDEN PROPERTY TRUST

Ticker:       CPT            Security ID:  133131102
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:  MAR 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard J. Campo           For       For        Management
1.2   Elect Director William R. Cooper          For       For        Management
1.3   Elect Director George A. Hrdlicka         For       For        Management
1.4   Elect Director Scott S. Ingraham          For       For        Management
1.5   Elect Director Lewis A. Levey             For       For        Management
1.6   Elect Director William B. Mcguire, Jr.    For       Withhold   Management
1.7   Elect Director William F. Paulsen         For       For        Management
1.8   Elect Director D. Keith Oden              For       For        Management
1.9   Elect Director F. Gardner Parker          For       For        Management
1.10  Elect Director Steven A. Webster          For       Withhold   Management
2     Ratify Auditors                           For       For        Management


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CBL & ASSOCIATES PROPERTIES, INC.

Ticker:       CBL            Security ID:  124830100
Meeting Date: MAY 8, 2006    Meeting Type: Annual
Record Date:  MAR 13, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Martin J. Cleary           For       For        Management
1.2   Elect Director Matthew S. Dominski        For       For        Management
1.3   Elect Director John N. Foy                For       For        Management
2     Ratify Auditors                           For       For        Management


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CORPORATE OFFICE PROPERTIES TRUST, INC.

Ticker:       OFC            Security ID:  22002T108
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Thomas F. Brady            For       For        Management
1.2   Elect Director Steven D. Kesler           For       For        Management
1.3   Elect Director Kenneth D. Wethe           For       For        Management


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DEVELOPERS DIVERSIFIED REALTY CORP.

Ticker:       DDR            Security ID:  251591103
Meeting Date: MAY 9, 2006    Meeting Type: Annual
Record Date:  MAR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Dean S. Adler              For       For        Management
1.2   Elect Director Terrance R. Ahern          For       For        Management
1.3   Elect Director Mohsen Anvari              For       For        Management
1.4   Elect Director Robert H. Gidel            For       For        Management
1.5   Elect Director Victor B. MacFarlane       For       For        Management
1.6   Elect Director Craig Macnab               For       For        Management
1.7   Elect Director Scott D. Roulston          For       For        Management
1.8   Elect Director Barry A. Sholem            For       For        Management
1.9   Elect Director William B. Summers, Jr.    For       For        Management
1.10  Elect Director Scott A. Wolstein          For       For        Management
2     Ratify Auditors                           For       For        Management


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EASTGROUP PROPERTIES, INC.

Ticker:       EGP            Security ID:  277276101
Meeting Date: MAY 31, 2006   Meeting Type: Annual
Record Date:  APR 13, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director D. Pike Aloian             For       For        Management
1.2   Elect Director H. C. Bailey, Jr.          For       For        Management
1.3   Elect Director Hayden C. Eaves, III       For       For        Management
1.4   Elect Director Fredric H. Gould           For       For        Management
1.5   Elect Director David H. Hoster, II        For       For        Management
1.6   Elect Director Mary E. McCormick          For       For        Management
1.7   Elect Director David M. Osnos             For       For        Management
1.8   Elect Director Leland R. Speed            For       For        Management


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EQUITY RESIDENTIAL

Ticker:       EQR            Security ID:  29476L107
Meeting Date: MAY 25, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John W. Alexander          For       For        Management
1.2   Elect Director Charles L. Atwood          For       For        Management
1.3   Elect Director Stephen O. Evans           For       For        Management
1.4   Elect Director James D. Harper, Jr.       For       For        Management
1.5   Elect Director Boone A. Knox              For       For        Management
1.6   Elect Director David J. Neithercut        For       For        Management
1.7   Elect Director Desiree G. Rogers          For       For        Management
1.8   Elect Director Sheli Z. Rosenberg         For       For        Management
1.9   Elect Director Gerald A. Spector          For       For        Management
1.10  Elect Director B. Joseph White            For       For        Management
1.11  Elect Director Samuel Zell                For       For        Management
2     Ratify Auditors                           For       For        Management


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FEDERAL REALTY INVESTMENT TRUST

Ticker:       FRT            Security ID:  313747206
Meeting Date: MAY 3, 2006    Meeting Type: Annual
Record Date:  MAR 14, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Walter F. Loeb             For       For        Management
1.2   Elect Director Joseph S. Vassalluzzo      For       For        Management
2     Ratify Auditors                           For       For        Management


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HOST HOTELS & RESORTS INC.

Ticker:       HST            Security ID:  44107P104
Meeting Date: APR 5, 2006    Meeting Type: Special
Record Date:  FEB 22, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Issue Shares in Connection with an        For       For        Management
      Acquisition


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HOST HOTELS & RESORTS INC.

Ticker:       HST            Security ID:  44107P104
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 29, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert M. Baylis           For       For        Management
1.2   Elect Director Terence C. Golden          For       Withhold   Management
1.3   Elect Director Ann M. Korologos           For       For        Management
1.4   Elect Director Richard E. Marriott        For       For        Management
1.5   Elect Director Judith A. Mchale           For       For        Management
1.6   Elect Director John B. Morse, Jr.         For       For        Management
1.7   Elect Director Christopher J. Nassetta    For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  For       For        Shareholder
      of Directors


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KILROY REALTY CORP.

Ticker:       KRC            Security ID:  49427F108
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John B. Kilroy, Jr.        For       For        Management
1.2   Elect Director Dale F. Kinsella           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management


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KIMCO REALTY CORP.

Ticker:       KIM            Security ID:  49446R109
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Martin S. Kimmel           For       For        Management
1.2   Elect Director Milton Cooper              For       Withhold   Management
1.3   Elect Director Richard G. Dooley          For       Withhold   Management
1.4   Elect Director Michael J. Flynn           For       Withhold   Management
1.5   Elect Director Joe Grills                 For       For        Management
1.6   Elect Director David B. Henry             For       Withhold   Management
1.7   Elect Director F. Patrick Hughes          For       For        Management
1.8   Elect Director Frank Lourenso             For       Withhold   Management
1.9   Elect Director Richard Saltzman           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management
4     Company-Specific -- Require Annual        Against   For        Shareholder
      Disclosure of Related Party Transactions
      between the Company and its Senior
      Executive Officers or the Company and its
      Directors


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LASALLE HOTEL PROPERTIES

Ticker:       LHO            Security ID:  517942108
Meeting Date: APR 20, 2006   Meeting Type: Annual
Record Date:  FEB 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Darryl Hartley-Leonard     For       For        Management
1.2   Elect Director Kelly L. Kuhn              For       For        Management
1.3   Elect Director William S. McCalmont       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Other Business                            For       Against    Management


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MACERICH CO., THE

Ticker:       MAC            Security ID:  554382101
Meeting Date: JUN 1, 2006    Meeting Type: Annual
Record Date:  MAR 14, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Arthur M. Coppola          For       For        Management
1.2   Elect Director James S. Cownie            For       For        Management
1.3   Elect Director Mace Siegel                For       For        Management
2     Ratify Auditors                           For       For        Management
3     Performance-Based and/or Time Based       Against   For        Shareholder
      Equity Awards


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MID-AMERICA APARTMENT COMMUNITIES, INC.

Ticker:       MAA            Security ID:  59522J103
Meeting Date: MAY 16, 2006   Meeting Type: Annual
Record Date:  MAR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director George E. Cates            For       For        Management
1.2   Elect Director John S. Grinalds           For       For        Management
1.3   Elect Director Simon R. C. Wadsworth      For       For        Management
1.4   Elect Director Mary Beth E. McCormick     For       For        Management
2     Ratify Auditors                           For       For        Management


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PAN PACIFIC RETAIL PROPERTIES, INC.

Ticker:       PNP            Security ID:  69806L104
Meeting Date: APR 28, 2006   Meeting Type: Annual
Record Date:  FEB 16, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Joseph P. Colmery          For       For        Management
1.2   Elect Director Bernard M. Feldman         For       For        Management
1.3   Elect Director Mark J. Riedy              For       For        Management
1.4   Elect Director Stuart A. Tanz             For       For        Management


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PROLOGIS

Ticker:       PLD            Security ID:  743410102
Meeting Date: MAY 26, 2006   Meeting Type: Annual
Record Date:  MAR 16, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director K. Dane Brooksher          For       For        Management
1.2   Elect Director Stephen L. Feinberg        For       For        Management
1.3   Elect Director George L. Fotiades         For       For        Management
1.4   Elect Director Christine N. Garvey        For       For        Management
1.5   Elect Director Donald P. Jacobs           For       For        Management
1.6   Elect Director Walter C. Rakowich         For       For        Management
1.7   Elect Director Nelson C. Rising           For       For        Management
1.8   Elect Director Jeffrey H. Schwartz        For       For        Management
1.9   Elect Director D. Michael Steuert         For       For        Management
1.10  Elect Director J. Andre Teixeira          For       For        Management
1.11  Elect Director William D. Zollars         For       Withhold   Management
1.12  Elect Director Andrea M. Zulberti         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management
4     Other Business                            For       Against    Management


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RECKSON ASSOCIATES REALTY CORP.

Ticker:       RA             Security ID:  75621K106
Meeting Date: MAY 25, 2006   Meeting Type: Annual
Record Date:  MAR 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Scott H. Rechler           For       For        Management
1.2   Elect Director Michael Maturo             For       For        Management
1.3   Elect Director Douglas Crocker, II        For       For        Management
1.4   Elect Director Elizabeth McCaul           For       For        Management
1.5   Elect Director Ronald H. Menaker          For       For        Management
1.6   Elect Director Peter Quick                For       For        Management
1.7   Elect Director Lewis S. Ranieri           For       For        Management
1.8   Elect Director John F. Ruffle             For       For        Management
1.9   Elect Director Stanley Steinberg          For       For        Management
2     Ratify Auditors                           For       For        Management


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REGENCY CENTERS CORP.

Ticker:       REG            Security ID:  758849103
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:  MAR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Martin E. Stein, Jr.       For       For        Management
1.2   Elect Director Raymond L. Bank            For       For        Management
1.3   Elect Director C. Ronald Blankenship      For       For        Management
1.4   Elect Director A.R. Carpenter             For       For        Management
1.5   Elect Director J. Dix Druce               For       For        Management
1.6   Elect Director Mary Lou Fiala             For       For        Management
1.7   Elect Director Bruce M. Johnson           For       For        Management
1.8   Elect Director Douglas S. Luke            For       For        Management
1.9   Elect Director John C. Schweitzer         For       For        Management
1.10  Elect Director Thomas G. Wattles          For       For        Management
1.11  Elect Director Terry N. Worrell           For       For        Management
2     Ratify Auditors                           For       For        Management


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SIMON PROPERTY GROUP, INC.

Ticker:       SPG            Security ID:  828806109
Meeting Date: MAY 11, 2006   Meeting Type: Annual
Record Date:  MAR 9, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Birch Bayh                 For       Withhold   Management
1.2   Elect Director Melvyn E. Bergstein        For       For        Management
1.3   Elect Director Linda Walker Bynoe         For       For        Management
1.4   Elect Director Karen N. Horn, Ph.D.       For       For        Management
1.5   Elect Director Reuben S. Leibowitz        For       For        Management
1.6   Elect Director J. Albert Smith, Jr.       For       For        Management
1.7   Elect Director Pieter S. van den Berg     For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management
4     Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors


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SL GREEN REALTY CORP.

Ticker:       SLG            Security ID:  78440X101
Meeting Date: MAY 17, 2006   Meeting Type: Annual
Record Date:  MAR 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John H. Alschuler, Jr.     For       For        Management
1.2   Elect Director Stephen L. Green           For       For        Management
2     Ratify Auditors                           For       For        Management


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STARWOOD HOTELS & RESORTS WORLDWIDE, INC.

Ticker:       HOT            Security ID:  85590A203
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:  MAR 14, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven J. Heyer            For       Did Not    Management
                                                          Vote
1.2   Elect Director Charlene Barshefsky        For       Did Not    Management
                                                          Vote
1.3   Elect Director Jean-Marc Chapus           For       Did Not    Management
                                                          Vote
1.4   Elect Director Bruce W. Duncan            For       Did Not    Management
                                                          Vote
1.5   Elect Director Lizanne Galbreath          For       Did Not    Management
                                                          Vote
1.6   Elect Director Eric Hippeau               For       Did Not    Management
                                                          Vote
1.7   Elect Director Stephen R. Quazzo          For       Did Not    Management
                                                          Vote
1.8   Elect Director Thomas O. Ryder            For       Did Not    Management
                                                          Vote
1.9   Elect Director Daniel W. Yih              For       Did Not    Management
                                                          Vote
1.10  Elect Director Kneeland C. Youngblood     For       Did Not    Management
                                                          Vote
2     Ratify Auditors                           For       Did Not    Management
                                                          Vote


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SUNSTONE HOTEL INVESTORS, INC.

Ticker:       SHO            Security ID:  867892101
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:  MAR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert A. Alter            For       For        Management
1.2   Elect Director Lewis N. Wolff             For       For        Management
1.3   Elect Director Z. Jamie Behar             For       For        Management
1.4   Elect Director Anthony W. Dona            For       For        Management
1.5   Elect Director Thomas A. Lewis            For       For        Management
1.6   Elect Director Keith M. Locker            For       For        Management
1.7   Elect Director Keith P. Russell           For       For        Management
2     Ratify Auditors                           For       For        Management


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TANGER FACTORY OUTLET CENTERS, INC.

Ticker:       SKT            Security ID:  875465106
Meeting Date: MAY 12, 2006   Meeting Type: Annual
Record Date:  MAR 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Stanley K. Tanger          For       Withhold   Management
1.2   Elect Director Steven B. Tanger           For       Withhold   Management
1.3   Elect Director Jack Africk                For       For        Management
1.4   Elect Director William G. Benton          For       For        Management
1.5   Elect Director Thomas E. Robinson         For       Withhold   Management
1.6   Elect Director Allan L. Schuman           For       For        Management


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UNITED DOMINION REALTY TRUST, INC.

Ticker:       UDR            Security ID:  910197102
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:  MAR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Katherine A. Cattanach     For       For        Management
1.2   Elect Director Eric J. Foss               For       For        Management
1.3   Elect Director Robert P. Freeman          For       For        Management
1.4   Elect Director Jon A. Grove               For       For        Management
1.5   Elect Director James D. Klingbeil         For       For        Management
1.6   Elect Director Robert C. Larson           For       For        Management
1.7   Elect Director Thomas R. Oliver           For       For        Management
1.8   Elect Director Lynne B. Sagalyn           For       For        Management
1.9   Elect Director Mark J. Sandler            For       For        Management
1.10  Elect Director Thomas W. Toomey           For       For        Management
1.11  Elect Director Thomas C. Wajnert          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


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

VENTAS, INC.

Ticker:       VTR            Security ID:  92276F100
Meeting Date: MAY 19, 2006   Meeting Type: Annual
Record Date:  MAR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Debra A. Cafaro            For       For        Management
1.2   Elect Director Douglas Crocker, II        For       For        Management
1.3   Elect Director Jay M. Gellert             For       For        Management
1.4   Elect Director Ronald G. Geary            For       For        Management
1.5   Elect Director Christopher T. Hannon      For       For        Management
1.6   Elect Director Sheli Z. Rosenberg         For       For        Management
1.7   Elect Director Thomas C. Theobald         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan


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

VORNADO REALTY TRUST

Ticker:       VNO            Security ID:  929042109
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  APR 14, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven Roth                For       For        Management
1.2   Elect Director Michael D. Fascitelli      For       For        Management
1.3   Elect Director Russell B. Wright, Jr.     For       For        Management
2     Amend Omnibus Stock Plan                  For       Against    Management
3     Ratify Auditors                           For       For        Management




========== STRATEGIC PARTNERS REAL ESTATE FUND - ADVISOR: WELLINGTON ===========


ACADIA REALTY TRUST

Ticker:       AKR            Security ID:  004239109
Meeting Date: MAY 15, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - KENNETH F. BERNSTEIN           For       For        Management
01.2  DIRECTOR - DOUGLAS CROCKER II             For       For        Management
01.3  DIRECTOR - ALAN S. FORMAN                 For       For        Management
01.4  DIRECTOR - SUZANNE HOPGOOD                For       For        Management
01.5  DIRECTOR - LORRENCE T. KELLAR             For       For        Management
01.6  DIRECTOR - WENDY LUSCOMBE                 For       For        Management
01.7  DIRECTOR - LEE S. WIELANSKY               For       For        Management
02    TO APPROVE THE ACADIA REALTY TRUST 2006   For       For        Management
      SHARE INCENTIVE PLAN.
03    TO APPROVE AN AMENDMENT TO DECLARATION OF For       For        Management
      TRUST TO ELIMINATE THE 4% EXCESS SHARE
      PROVISION.
04    THE RATIFICATION OF THE APPOINTMENT OF    For       For        Management
      BDO SEIDMAN, LLP AS THE INDEPENDENT
      REGISTERED PUBLIC ACCOUNTING FIRM FOR THE
      COMPANY FOR THE FISCAL YEAR ENDING
      DECEMBER 31, 2006.
05    THE ADJOURNMENT OR POSTPONEMENT OF THE    For       Against    Management
      ANNUAL MEETING, IF NECESSARY, TO PERMIT
      FURTHER SOLICITATION OF PROXIES IF THERE
      ARE NOT SUFFICIENT VOTES AT THE TIME OF
      THE ANNUAL MEETING TO APPROVE THE
      PROPOSALS.


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

AMB PROPERTY CORPORATION

Ticker:       AMB            Security ID:  00163T109
Meeting Date: MAY 11, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - HAMID R. MOGHADAM              For       For        Management
01.2  DIRECTOR - W. BLAKE BAIRD                 For       For        Management
01.3  DIRECTOR - AFSANEH M. BESCHLOSS           For       For        Management
01.4  DIRECTOR - T. ROBERT BURKE                For       For        Management
01.5  DIRECTOR - DAVID A. COLE                  For       For        Management
01.6  DIRECTOR - LYDIA H. KENNARD               For       For        Management
01.7  DIRECTOR - J. MICHAEL LOSH                For       For        Management
01.8  DIRECTOR - FREDERICK W. REID              For       For        Management
01.9  DIRECTOR - JEFFREY L. SKELTON             For       For        Management
01.10 DIRECTOR - THOMAS W. TUSHER               For       For        Management
02    RATIFICATION OF THE SELECTION OF          For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS THE
      INDEPENDENT REGISTERED PUBLIC ACCOUNTING
      FIRM OF AMB PROPERTY CORPORATION FOR THE
      FISCAL YEAR ENDING DECEMBER 31, 2006.


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

ARCHSTONE-SMITH TRUST

Ticker:       ASN            Security ID:  039583109
Meeting Date: MAY 17, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - JAMES A. CARDWELL              For       No vote    Management
01.2  DIRECTOR - ERNEST A. GERARDI, JR.         For       No vote    Management
01.3  DIRECTOR - RUTH ANN M. GILLIS             For       No vote    Management
01.4  DIRECTOR - NED S. HOLMES                  For       No vote    Management
01.5  DIRECTOR - ROBERT P. KOGOD                For       No vote    Management
01.6  DIRECTOR - JAMES H. POLK, III             For       No vote    Management
01.7  DIRECTOR - JOHN M. RICHMAN                For       No vote    Management
01.8  DIRECTOR - JOHN C. SCHWEITZER             For       No vote    Management
01.9  DIRECTOR - R. SCOT SELLERS                For       No vote    Management
01.10 DIRECTOR - ROBERT H. SMITH                For       No vote    Management
02    RATIFICATION OF APPOINTMENT OF KPMG LLP   For       No vote    Management
      AS AUDITORS FOR THE CURRENT FISCAL YEAR.


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

AVALONBAY COMMUNITIES, INC.

Ticker:       AVB            Security ID:  053484101
Meeting Date: MAY 17, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - BRYCE BLAIR                    For       No vote    Management
01.2  DIRECTOR - BRUCE A. CHOATE                For       No vote    Management
01.3  DIRECTOR - JOHN J. HEALY, JR.             For       No vote    Management
01.4  DIRECTOR - GILBERT M. MEYER               For       No vote    Management
01.5  DIRECTOR - TIMOTHY J. NAUGHTON            For       No vote    Management
01.6  DIRECTOR - LANCE R. PRIMIS                For       No vote    Management
01.7  DIRECTOR - H. JAY SARLES                  For       No vote    Management
01.8  DIRECTOR - ALLAN D. SCHUSTER              For       No vote    Management
01.9  DIRECTOR - AMY P. WILLIAMS                For       No vote    Management
02    TO RATIFY THE SELECTION OF ERNST & YOUNG  For       No vote    Management
      LLP AS THE COMPANY S INDEPENDENT AUDITORS
      FOR THE YEAR ENDING DECEMBER 31, 2006.


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

BOSTON PROPERTIES, INC.

Ticker:       BXP            Security ID:  101121101
Meeting Date: MAY 3, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - WILLIAM M. DALEY               For       For        Management
01.2  DIRECTOR - EDWARD H. LINDE                For       For        Management
01.3  DIRECTOR - DAVID A. TWARDOCK              For       For        Management
02    TO CONSIDER AND ACT UPON A STOCKHOLDER    Against   Against    Management
      PROPOSAL CONCERNING THE ANNUAL ELECTION
      OF DIRECTORS, IF PROPERLY PRESENTED AT
      THE ANNUAL MEETING.
03    TO CONSIDER AND ACT UPON A STOCKHOLDER    Against   Against    Management
      PROPOSAL CONCERNING EXECUTIVE
      COMPENSATION, IF PROPERLY PRESENTED AT
      THE ANNUAL MEETING.


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

CATELLUS DEVELOPMENT CORP

Ticker:       CDX            Security ID:  149113102
Meeting Date: SEP 14, 2005   Meeting Type: S
Record Date:  AUG 8, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.00  Approve merger/acquisition                For       For        Management


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

CB RICHARD ELLIS GROUP, INC.

Ticker:       CBG            Security ID:  12497T101
Meeting Date: JUN 1, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - RICHARD C. BLUM                For       For        Management
01.2  DIRECTOR - JEFFREY A. COZAD               For       For        Management
01.3  DIRECTOR - PATRICE MARIE DANIELS          For       For        Management
01.4  DIRECTOR - SENATOR T. A. DASCHLE          For       For        Management
01.5  DIRECTOR - BRADFORD M. FREEMAN            For       For        Management
01.6  DIRECTOR - MICHAEL KANTOR                 For       For        Management
01.7  DIRECTOR - FREDERIC V. MALEK              For       For        Management
01.8  DIRECTOR - JOHN G. NUGENT                 For       For        Management
01.9  DIRECTOR - BRETT WHITE                    For       For        Management
01.10 DIRECTOR - GARY L. WILSON                 For       For        Management
01.11 DIRECTOR - RAY WIRTA                      For       For        Management
02    RATIFICATION OF INDEPENDENT REGISTERED    For       For        Management
      PUBLIC ACCOUNTING FIRM
03    APPROVAL OF THE AMENDED EXECUTIVE BONUS   For       For        Management
      PLAN


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

DIAMONDROCK HOSPITALITY CO.

Ticker:       DRKCL          Security ID:  252784103
Meeting Date: APR 27, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - WILLIAM W. MCCARTEN            For       No vote    Management
01.2  DIRECTOR - DANIEL J. ALTOBELLO            For       No vote    Management
01.3  DIRECTOR - W. ROBERT GRAFTON              For       No vote    Management
01.4  DIRECTOR - MAUREEN L. MCAVEY              For       No vote    Management
01.5  DIRECTOR - GILBERT T. RAY                 For       No vote    Management
01.6  DIRECTOR - JOHN L. WILLIAMS               For       No vote    Management
02    TO RATIFY THE SELECTION OF KPMG LLP AS    For       No vote    Management
      THE INDEPENDENT AUDITORS FOR DIAMONDROCK
      HOSPITALITY COMPANY FOR THE FISCAL YEAR
      ENDING DECEMBER 31, 2006.


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

EQUITY RESIDENTIAL

Ticker:       EQR            Security ID:  29476L107
Meeting Date: MAY 25, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - JOHN W. ALEXANDER              For       For        Management
01.2  DIRECTOR - CHARLES L. ATWOOD              For       For        Management
01.3  DIRECTOR - STEPHEN O. EVANS               For       For        Management
01.4  DIRECTOR - JAMES D. HARPER, JR.           For       For        Management
01.5  DIRECTOR - BOONE A. KNOX                  For       For        Management
01.6  DIRECTOR - DAVID J. NEITHERCUT            For       For        Management
01.7  DIRECTOR - DESIREE G. ROGERS              For       For        Management
01.8  DIRECTOR - SHELI Z. ROSENBERG             For       For        Management
01.9  DIRECTOR - GERALD A. SPECTOR              For       For        Management
01.10 DIRECTOR - B. JOSEPH WHITE                For       For        Management
01.11 DIRECTOR - SAMUEL ZELL                    For       For        Management
02    RATIFICATION OF THE SELECTION OF ERNST &  For       For        Management
      YOUNG LLP AS THE COMPANY S INDEPENDENT
      AUDITOR FOR THE YEAR ENDING DECEMBER 31,
      2006.


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

GENERAL GROWTH PROPERTIES, INC.

Ticker:       GGP            Security ID:  370021107
Meeting Date: MAY 16, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - ADAM METZ                      For       No vote    Management
01.2  DIRECTOR - ROBERT MICHAELS                For       No vote    Management
01.3  DIRECTOR - THOMAS NOLAN                   For       No vote    Management
01.4  DIRECTOR - JOHN RIORDAN                   For       No vote    Management
02    AMENDMENT OF THE 2003 INCENTIVE STOCK     For       No vote    Management
      PLAN TO PROVIDE FOR AN ANNUAL AWARD OF
      RESTRICTED STOCK TO OUR NON-EMPLOYEE
      DIRECTORS AND TO PERMIT ISSUANCES UNDER
      THE PLAN TO BE EFFECTED ELECTRONICALLY.
03    RATIFICATION OF THE SELECTION OF          For       No vote    Management
      INDEPENDENT PUBLIC ACCOUNTANTS.


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

HOST HOTELS & RESORTS

Ticker:       HST            Security ID:  44107P104
Meeting Date: APR 5, 2006    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    ISSUANCE OF SHARES OF HOST MARRIOTT       For       For        Management
      CORPORATION COMMON STOCK IN THE
      TRANSACTIONS


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

HOST HOTELS & RESORTS

Ticker:       HST            Security ID:  44107P104
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - ROBERT M. BAYLIS               For       For        Management
01.2  DIRECTOR - TERENCE C. GOLDEN              For       For        Management
01.3  DIRECTOR - ANN M. KOROLOGOS               For       For        Management
01.4  DIRECTOR - RICHARD E. MARRIOTT            For       For        Management
01.5  DIRECTOR - JUDITH A. MCHALE               For       For        Management
01.6  DIRECTOR - JOHN B. MORSE, JR.             For       For        Management
01.7  DIRECTOR - CHRISTOPHER J. NASSETTA        For       For        Management
02    RATIFY APPOINTMENT OF KPMG LLP AS         For       For        Management
      INDEPENDENT AUDITORS.
03    STOCKHOLDER PROPOSAL TO ELECT DIRECTORS   For       For        Shareholder
      BY A MAJORITY VOTE STANDARD.


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

ISTAR FINANCIAL INC.

Ticker:       SFI            Security ID:  45031U101
Meeting Date: MAY 31, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - JAY SUGARMAN                   For       For        Management
01.2  DIRECTOR - WILLIS ANDERSEN, JR.           For       For        Management
01.3  DIRECTOR - GLENN R. AUGUST                For       For        Management
01.4  DIRECTOR - ROBERT W. HOLMAN, JR.          For       For        Management
01.5  DIRECTOR - ROBIN JOSEPHS                  For       For        Management
01.6  DIRECTOR - JOHN G. MCDONALD               For       For        Management
01.7  DIRECTOR - GEORGE R. PUSKAR               For       For        Management
01.8  DIRECTOR - JEFFREY A. WEBER               For       For        Management
02    APPROVAL OF AMENDMENTS TO CHARTER OF      For       For        Management
      ISTAR FINANCIAL INC.
03    APPROVAL OF ADOPTION OF ISTAR FINANCIAL   For       For        Management
      INC. 2006 LONG-TERM INCENTIVE PLAN.
04    RATIFICATION OF THE APPOINTMENT OF        For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS THE COMPANY
      S INDEPENDENT ACCOUNTANTS FOR THE FISCAL
      YEAR ENDING DECEMBER 31, 2006.


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

KIMCO REALTY CORPORATION

Ticker:       KIM            Security ID:  49446R109
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - M. KIMMEL                      For       For        Management
01.2  DIRECTOR - M. COOPER                      For       For        Management
01.3  DIRECTOR - R. DOOLEY                      For       For        Management
01.4  DIRECTOR - M. FLYNN                       For       For        Management
01.5  DIRECTOR - J. GRILLS                      For       For        Management
01.6  DIRECTOR - D. HENRY                       For       For        Management
01.7  DIRECTOR - F.P. HUGHES                    For       For        Management
01.8  DIRECTOR - F. LOURENSO                    For       For        Management
01.9  DIRECTOR - R. SALTZMAN                    For       For        Management
02    TO APPROVE A RECOMMENDATION BY THE        For       For        Management
      EXECUTIVE COMPENSATION COMMITTEE OF THE
      BOARD OF DIRECTORS THAT THE NUMBER OF
      SHARES OF THE COMPANY S COMMON STOCK, PAR
      VALUE $0.01 PER SHARE, SUBJECT TO OPTION
      UNDER THE COMPANY S 1998 EQUITY
      PARTICIPATION PLAN BE INCRE
03    TO RATIFY THE APPOINTMENT OF              For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS THE COMPANY
      S INDEPENDENT REGISTERED PUBLIC
      ACCOUNTING FIRM.
04    TO CONSIDER AND VOTE ON THE STOCKHOLDER   Against   For        Shareholder
      PROPOSAL IF PROPERLY PRESENTED AT THE
      MEETING.


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

LIBERTY PROPERTY TRUST

Ticker:       LRY            Security ID:  531172104
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - WILLIAM P. HANKOWSKY           For       For        Management
01.2  DIRECTOR - DAVID L. LINGERFELT            For       For        Management
01.3  DIRECTOR - JOSE A. MEJIA                  For       For        Management
01.4  DIRECTOR - JOHN A . MILLER                For       For        Management
02    APPROVAL OF THE PROPOSAL TO RATIFY THE    For       For        Management
      SELECTION OF ERNST & YOUNG LLP AS THE
      TRUST S INDEPENDENT REGISTERED PUBLIC
      ACCOUNTING FIRM FOR 2006.
03    APPROVAL OF THE PROPOSAL TO AMEND THE     For       For        Management
      TRUST S AMENDED AND RESTATED SHARE
      INCENTIVE PLAN, INCLUDING AN AMENDMENT TO
      INCREASE THE NUMBER OF SHARES AVAILABLE
      FOR AWARDS THEREUNDER BY 1,400,000 SHARES
      TO 12,826,256 SHARES.


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

MEDICAL PROPERTIES TRUST INC

Ticker:       MPW            Security ID:  58463J106
Meeting Date: OCT 12, 2005   Meeting Type: A
Record Date:  SEP 7, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.01  Elect Edward K. Aldag                     For       For        Management
1.02  Elect Virginia A. Clarke                  For       For        Management
1.03  Elect G. Steven Dawson                    For       For        Management
1.04  Elect Bryan L. Goolsby                    For       For        Management
1.05  Elect R. Steven Hamner                    For       For        Management
1.06  Elect Robert E. Holmes                    For       For        Management
1.07  Elect William G. McKenzie                 For       For        Management
1.08  Elect L. Glenn Orr                        For       For        Management
2.00  Add shares to the 2004 Equity Incentive   For       For        Management
      Plan
3.00  Approve non-technical charter amendments  For       For        Management


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

PROLOGIS

Ticker:       PLD            Security ID:  743410102
Meeting Date: MAY 26, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - K. DANE BROOKSHER              For       No vote    Management
01.2  DIRECTOR - STEPHEN L. FEINBERG            For       No vote    Management
01.3  DIRECTOR - GEORGE L. FOTIADES             For       No vote    Management
01.4  DIRECTOR - CHRISTINE N. GARVEY            For       No vote    Management
01.5  DIRECTOR - DONALD P. JACOBS               For       No vote    Management
01.6  DIRECTOR - WALTER C. RAKOWICH             For       No vote    Management
01.7  DIRECTOR - NELSON C. RISING               For       No vote    Management
01.8  DIRECTOR - JEFFREY H. SCHWARTZ            For       No vote    Management
01.9  DIRECTOR - D. MICHAEL STEUERT             For       No vote    Management
01.10 DIRECTOR - J. ANDRE TEIXEIRA              For       No vote    Management
01.11 DIRECTOR - WILLIAM D. ZOLLARS             For       No vote    Management
01.12 DIRECTOR - ANDREA M. ZULBERTI             For       No vote    Management
02    APPROVAL AND ADOPTION OF THE 2006         For       No vote    Management
      LONG-TERM INCENTIVE PLAN.
03    RATIFY THE APPOINTMENT OF THE INDEPENDENT For       No vote    Management
      REGISTERED PUBLIC ACCOUNTING FIRM FOR
      2006.
04    TO VOTE AND OTHERWISE REPRESENT THE       For       No vote    Management
      UNDERSIGNED ON ANY OTHER MATTER THAT MAY
      PROPERLY COME BEFORE THE MEETING OR ANY
      ADJOURNMENT OR POSTPONEMENT THEREOF IN
      THE DISCRETION OF THE PROXY HOLDER.


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

PROLOGIS

Ticker:       PLD            Security ID:  743410102
Meeting Date: SEP 14, 2005   Meeting Type: S
Record Date:  AUG 8, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.00  Approve merger/acquisition                For       For        Management


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

PS BUSINESS PARKS, INC.

Ticker:       PSB            Security ID:  69360J107
Meeting Date: MAY 1, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - RONALD L. HAVNER, JR.          For       No vote    Management
01.2  DIRECTOR - JOSEPH D. RUSSELL, JR.         For       No vote    Management
01.3  DIRECTOR - R. WESLEY BURNS                For       No vote    Management
01.4  DIRECTOR - VERN O. CURTIS                 For       No vote    Management
01.5  DIRECTOR - ARTHUR M. FRIEDMAN             For       No vote    Management
01.6  DIRECTOR - JAMES H. KROPP                 For       No vote    Management
01.7  DIRECTOR - HARVEY LENKIN                  For       No vote    Management
01.8  DIRECTOR - ALAN K. PRIBBLE                For       No vote    Management
02    APPROVAL OF AN AMENDMENT TO THE COMPANY   For       No vote    Management
      BYLAWS TO CHANGE THE AUTHORIZED NUMBER OF
      DIRECTORS FROM A RANGE OF 5 TO 9 TO A
      RANGE OF 7 TO 13.
03    APPROVAL OF THE PS BUSINESS PARKS, INC.   For       No vote    Management
      PERFORMANCE-BASED COMPENSATION PLAN.
04    RATIFICATION OF APPOINTMENT OF ERNST &    For       No vote    Management
      YOUNG, INDEPENDENT REGISTERED PUBLIC
      ACCOUNTANTS, TO AUDIT THE ACCOUNTS OF PS
      BUSINESS PARKS, INC. FOR THE FISCAL YEAR
      ENDING DECEMBER 31, 2006.


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

REGENCY CENTERS CORPORATION

Ticker:       REG            Security ID:  758849103
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - MARTIN E. STEIN, JR.           For       For        Management
01.2  DIRECTOR - RAYMOND L. BANK                For       For        Management
01.3  DIRECTOR - C. RONALD BLANKENSHIP          For       For        Management
01.4  DIRECTOR - A.R. CARPENTER                 For       For        Management
01.5  DIRECTOR - J. DIX DRUCE                   For       For        Management
01.6  DIRECTOR - MARY LOU FIALA                 For       For        Management
01.7  DIRECTOR - BRUCE M. JOHNSON               For       For        Management
01.8  DIRECTOR - DOUGLAS S. LUKE                For       For        Management
01.9  DIRECTOR - JOHN C. SCHWEITZER             For       For        Management
01.10 DIRECTOR - THOMAS G. WATTLES              For       For        Management
01.11 DIRECTOR - TERRY N. WORRELL               For       For        Management
02    RATIFICATION OF APPOINTMENT OF KPMG LLP   For       For        Management
      AS THE COMPANY S INDEPENDENT REGISTERED
      PUBLIC ACCOUNTANTS FOR THE YEAR ENDING
      DECEMBER 31, 2006.


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

SAUL CENTERS, INC.

Ticker:       BFS            Security ID:  804395101
Meeting Date: APR 28, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - PHILIP D. CARACI               For       For        Management
01.2  DIRECTOR - GILBERT M. GROSVENOR           For       For        Management
01.3  DIRECTOR - PHILIP C. JACKSON JR.          For       For        Management
01.4  DIRECTOR - DAVID B. KAY                   For       For        Management
02    TO AMEND THE COMPANY S FIRST AMENDED AND  For       For        Management
      RESTATED ARTICLES OF INCORPORATION
      REGARDING STOCKHOLDER OWNERSHIP LIMITS.
03    RATIFICATION OF APPOINTMENT OF ERNST &    For       For        Management
      YOUNG LLP AS THE COMPANY S INDEPENDENT
      REGISTERED PUBLIC ACCOUNTING FIRM FOR
      2006.
04    TO TRANSACT SUCH OTHER BUSINESS AS MAY    For       Against    Management
      PROPERLY COME BEFORE THE MEETING OR ANY
      ADJOURNMENT OR ADJOURNMENTS THEREOF.


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

SIMON PROPERTY GROUP, INC.

Ticker:       SPG            Security ID:  828806109
Meeting Date: MAY 11, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - BIRCH BAYH                     For       For        Management
01.2  DIRECTOR - MELVYN E. BERGSTEIN            For       For        Management
01.3  DIRECTOR - LINDA WALKER BYNOE             For       For        Management
01.4  DIRECTOR - KAREN N. HORN                  For       For        Management
01.5  DIRECTOR - REUBEN S. LEIBOWITZ            For       For        Management
01.6  DIRECTOR - J. ALBERT SMITH, JR.           For       For        Management
01.7  DIRECTOR - PIETER S. VAN DEN BERG         For       For        Management
02    APPROVAL OF PROPOSED AMENDMENT TO STOCK   For       For        Management
      INCENTIVE PLAN.
03    RATIFICATION OF THE APPOINTMENT OF ERNST  For       For        Management
      & YOUNG LLP AS INDEPENDENT REGISTERED
      PUBLIC ACCOUNTING FIRM FOR 2006.
04    TO CONSIDER AND VOTE ON A STOCKHOLDER     Against   For        Shareholder
      PROPOSAL


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

STARWOOD HOTELS & RESORTS WORLDWIDE,

Ticker:                      Security ID:  85590A203
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - HEYER                          For       Withheld   Management
01.2  DIRECTOR - BARSHEFSKY                     For       Withheld   Management
01.3  DIRECTOR - CHAPUS                         For       Withheld   Management
01.4  DIRECTOR - DUNCAN                         For       Withheld   Management
01.5  DIRECTOR - GALBREATH                      For       For        Management
01.6  DIRECTOR - HIPPEAU                        For       Withheld   Management
01.7  DIRECTOR - QUAZZO                         For       Withheld   Management
01.8  DIRECTOR - RYDER                          For       Withheld   Management
01.9  DIRECTOR - YIH                            For       Withheld   Management
01.10 DIRECTOR - YOUNGBLOOD                     For       Withheld   Management
02    RATIFICATION OF THE APPOINTMENT OF ERNST  For       For        Management
      & YOUNG LLP AS THE COMPANY S INDEPENDENT
      REGISTERED PUBLIC ACCOUNTING FIRM FOR THE
      FISCAL YEAR ENDING DECEMBER 31, 2006.


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

THE MACERICH COMPANY

Ticker:       MAC            Security ID:  554382101
Meeting Date: JUN 1, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - ARTHUR M. COPPOLA              For       For        Management
01.2  DIRECTOR - JAMES S. COWNIE                For       For        Management
01.3  DIRECTOR - MACE SIEGEL                    For       For        Management
02    RATIFICATION OF THE APPOINTMENT OF        For       For        Management
      DELOITTE & TOUCHE LLP AS THE COMPANY S
      INDEPENDENT ACCOUNTANTS FOR THE YEAR
      ENDING DECEMBER 31, 2006.
03    STOCKHOLDER PROPOSAL REGARDING EXECUTIVE  Against   Against    Shareholder
      COMPENSATION.


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

THOMAS PROPERTIES GROUP, INC.

Ticker:       TPGI           Security ID:  884453101
Meeting Date: MAY 24, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - JAMES A. THOMAS                For       Withheld   Management
01.2  DIRECTOR - R. BRUCE ANDREWS               For       For        Management
01.3  DIRECTOR - EDWARD D. FOX                  For       For        Management
01.4  DIRECTOR - WINSTON H. HICKOX              For       For        Management
01.5  DIRECTOR - JOHN L. GOOLSBY                For       Withheld   Management
01.6  DIRECTOR - RANDALL L. SCOTT               For       For        Management
01.7  DIRECTOR - JOHN R. SISCHO                 For       For        Management
02    RATIFICATION OF THE SELECTION OF DELOITTE For       Against    Management
      & TOUCHE LLP AS INDEPENDENT AUDITORS OF
      THE COMPANY FOR THE YEAR ENDED DECEMBER
      31, 2006.


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

VENTAS, INC.

Ticker:       VTR            Security ID:  92276F100
Meeting Date: MAY 19, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - DEBRA A. CAFARO                For       For        Management
01.2  DIRECTOR - DOUGLAS CROCKER II             For       For        Management
01.3  DIRECTOR - JAY M. GELLERT                 For       For        Management
01.4  DIRECTOR - RONALD G. GEARY                For       For        Management
01.5  DIRECTOR - CHRISTOPHER T. HANNON          For       For        Management
01.6  DIRECTOR - SHELI Z. ROSENBERG             For       For        Management
01.7  DIRECTOR - THOMAS C. THEOBALD             For       For        Management
02    DIRECTORS  PROPOSAL: TO RATIFY THE        For       For        Management
      APPOINTMENT OF ERNST & YOUNG LLP AS THE
      INDEPENDENT AUDITORS FOR FISCAL YEAR
      2006.
03    DIRECTORS  PROPOSAL: TO APPROVE THE       For       For        Management
      ADOPTION OF THE VENTAS, INC. 2006
      INCENTIVE PLAN.
04    DIRECTORS  PROPOSAL: TO APPROVE THE       For       For        Management
      ADOPTION OF THE VENTAS, INC. 2006 STOCK
      PLAN FOR DIRECTORS.


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

VORNADO REALTY TRUST

Ticker:       VNO            Security ID:  929042109
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - STEVEN ROTH                    For       For        Management
01.2  DIRECTOR - MICHAEL D. FASCITELLI          For       For        Management
01.3  DIRECTOR - RUSSELL B. WIGHT, JR.          For       For        Management
02    APPROVAL OF FULL ALLOTMENT OF SHARES      For       Against    Management
      AVAILABLE UNDER THE 2002 OMNIBUS SHARE
      PLAN, AS AMENDED.
03    RATIFICATION OF SELECTION OF INDEPENDENT  For       For        Management
      REGISTERED PUBLIC ACCOUNTING FIRM.


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

WCI COMMUNITIES, INC.

Ticker:       WCI            Security ID:  92923C104
Meeting Date: MAY 17, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01.1  DIRECTOR - DON E. ACKERMAN                For       For        Management
01.2  DIRECTOR - CHARLES E. COBB, JR.           For       For        Management
01.3  DIRECTOR - JOHN H. DASBURG                For       For        Management
01.4  DIRECTOR - HILLIARD M. EURE, III          For       For        Management
01.5  DIRECTOR - F. PHILIP HANDY                For       For        Management
01.6  DIRECTOR - LAWRENCE L. LANDRY             For       For        Management
01.7  DIRECTOR - THOMAS F. MCWILLIAMS           For       For        Management
01.8  DIRECTOR - KATHLEEN M. SHANAHAN           For       For        Management
01.9  DIRECTOR - JERRY L. STARKEY               For       For        Management
01.10 DIRECTOR - STEWART TURLEY                 For       For        Management
02    APPROVE THE SENIOR MANAGEMENT INCENTIVE   For       For        Management
      COMPENSATION PLAN.
03    APPROVE THE AMENDED AND RESTATED WCI      For       For        Management
      COMMUNITIES, INC. 1998 NON-EMPLOYEE
      DIRECTOR STOCK INCENTIVE PLAN.

========== END NPX REPORT


                                   SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.




Strategic Partners Real Estate Fund


By




/s/ Judy R. Rice*
      (Jonathan D. Shain)





Judy R. Rice, President

*  By Power of Attorney.  Filed on June 30, 2006.  Incorporated by reference
to Exhibit (q) to Post-Effective Amendment No. 28 to the filing on Form N-1A
for Dryden Municipal Bond Fund (File No. 33-10649) filed via EDGAR on
June 30, 2006.


Date: August 29, 2006