As filed with the Securities and Exchange Commission on August 31, 2007

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                   FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

                 Investment Company Act file number: 811-21200

                 NEUBERGER BERMAN REAL ESTATE INCOME FUND INC.
                 ---------------------------------------------
             (Exact Name of the Registrant as Specified in Charter)
                          605 Third Avenue, 2nd Floor
                         New York, New York 10158-0180
              (Address of Principal Executive Offices - Zip Code)

      Registrant's telephone number, including area code: (212) 476-8800

                   Peter E. Sundman, Chief Executive Officer
                 Neuberger Berman Real Estate Income Fund Inc.
                          605 Third Avenue, 2nd Floor
                         New York, New York 10158-0180

                             Arthur Delibert, Esq.
                 Kirkpatrick & Lockhart Preston Gates Ellis LLP
                              1601 K Street, N.W.
                          Washington, D.C. 20006-1600
                  (Names and Addresses of agents for service)

Date of fiscal year end:   October 31
Date of reporting period:  July 1, 2006 to June 30, 2007

      Form N-PX is to be used by a registered management investment company,
other than a small business investment company registered on Form N-5 (s.s.
239.24 and 274.5 of this chapter), to file reports with the Commission, not
later than August 31, of each year, containing the registrant's proxy voting
record for the most recent twelve-month period ended, June 30, pursuant to
section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17
CFR 270.30b1-4).  The Commission may use the information provided on Form N-PX
in its regulatory, disclosure review, inspection and policymaking roles.

      A registrant is required to disclose the information specified by Form N-
PX, and the Commission will make this information public.  A registrant is not
required to respond to the collection of information contained on Form N-PX
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number.  Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden of the Secretary, Securities of Exchange Commission, 100 F Street, NE,
Washington DC 20549-0609.  The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. s. 3507.



ITEM 1: PROXY VOTING RECORD

NEUBERGER BERMAN REAL ESTATE INCOME FUND INC.

07/01/2006 - 06/30/2007



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AMERICAN FINANCIAL REALTY TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                AFR           CUSIP9 02607P305                 06/06/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Richard Berry              Mgmt        For       For        For
                                1.2           Elect John Biggar                Mgmt        For       For        For
                                1.3           Elect Raymond Garea                   Mgmt        For       For        For
                                1.4           Elect John Hollihan III          Mgmt        For       Withhold   Against
                                1.5           Elect Richard Kraemer            Mgmt        For       Withhold   Against
                                1.6           Elect Alan Master                Mgmt        For       Withhold   Against
                                1.7           Elect Harold Pote                Mgmt        For       For        For
                                1.8           Elect Lewis Ranieri              Mgmt        For       Withhold   Against

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APARTMENT INVESTMENT AND
MANAGEMENT CO.
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                AIV           CUSIP9 03748R101                 04/30/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect James Bailey               Mgmt        For       For        For
                                1.2           Elect Terry Considine            Mgmt        For       For        For
                                1.3           Elect Richard Ellwood            Mgmt        For       For        For
                                1.4           Elect Thomas Keltner             Mgmt        For       For        For
                                1.5           Elect J. Landis Martin           Mgmt        For       For        For
                                1.6           Elect Robert Miller              Mgmt        For       For        For
                                1.7           Elect Thomas Rhodes              Mgmt        For       For        For
                                1.8           Elect Michael Stein              Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For
                                3             TO APPROVE THE AIMCO 2007        Mgmt        For       For        For
                                              STOCK AWARD AND INCENTIVE
                                              PLAN.
                                4             TO APPROVE THE AIMCO 2007        Mgmt        For       For        For
                                              EMPLOYEE STOCK PURCHASE PLAN.

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ARCHSTONE SMITH TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                ASN           CUSIP9 039583109                 05/16/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Stephen Demeritt           Mgmt        For       For        For
                                1.2           Elect Ernest Gerardi, Jr.        Mgmt        For       For        For
                                1.3           Elect Ruth Ann Gillis            Mgmt        For       For        For
                                1.4           Elect Ned Holmes                 Mgmt        For       For        For
                                1.5           Elect Robert Kogod               Mgmt        For       For        For
                                1.6           Elect James Polk, III            Mgmt        For       For        For
                                1.7           Elect John Schweitzer            Mgmt        For       For        For
                                1.8           Elect R. Scot Sellers            Mgmt        For       For        For
                                1.9           Elect Robert Smith               Mgmt        For       Withhold   Against
                                2             Shareholder Proposal             ShrHoldr    Against   Against    For
                                              Regarding Pay-For-Superior
                                              Performance
                                3             Ratification of Auditor          Mgmt        For       For        For

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ASHFORD HOSPITALITY TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                AHT           CUSIP9 044103109                 05/15/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Archie Bennett, Jr.        Mgmt        For       For        For
                                1.2           Elect Montgomery  Bennett        Mgmt        For       For        For
                                1.3           Elect Martin Edelman             Mgmt        For       Withhold   Against
                                1.4           Elect W. Minami                  Mgmt        For       For        For
                                1.5           Elect W.  Michael Murphy         Mgmt        For       For        For
                                1.6           Elect Philip S. Payne            Mgmt        For       For        For
                                1.7           Elect Charles  Toppino           Mgmt        For       Withhold   Against
                                2             Ratification of Auditor          Mgmt        For       For        For

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AVALONBAY COMMUNITIES INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                AVB           CUSIP9 053484101                 05/16/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Bryce Blair                Mgmt        For       For        For
                                1.2           Elect Bruce Choate               Mgmt        For       Withhold   Against
                                1.3           Elect John Healy, Jr.            Mgmt        For       For        For
                                1.4           Elect Gilbert Meyer              Mgmt        For       For        For
                                1.5           Elect Timothy Naughton           Mgmt        For       For        For
                                1.6           Elect Lance Primis               Mgmt        For       For        For
                                1.7           Elect H. Jay Sarles              Mgmt        For       Withhold   Against
                                1.8           Elect Allan Schuster             Mgmt        For       Withhold   Against
                                1.9           Elect Amy Williams               Mgmt        For       Withhold   Against
                                2             Ratification of Auditor          Mgmt        For       For        For

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BRANDYWINE REALTY TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                BDN           CUSIP9 105368203                 05/09/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Walter D'Alessio           Mgmt        For       For        For
                                1.2           Elect D. Pike Aloian             Mgmt        For       For        For
                                1.3           Elect Thomas August              Mgmt        For       Withhold   Against
                                1.4           Elect Donald Axinn               Mgmt        For       Withhold   Against
                                1.5           Elect Wyche Fowler               Mgmt        For       For        For
                                1.6           Elect Michael Joyce              Mgmt        For       For        For
                                1.7           Elect Anthony Nichols, Sr.       Mgmt        For       For        For
                                1.8           Elect Michael Prentiss           Mgmt        For       Withhold   Against
                                1.9           Elect Charles Pizzi              Mgmt        For       For        For
                                1.10          Elect Gerard Sweeney             Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For
                                3             AMENDMENT AND RESTATEMENT OF     Mgmt        For       For        For
                                              1997 LONG-TERM INCENTIVE PLAN
                                4             EMPLOYEE SHARE PURCHASE PLAN     Mgmt        For       For        For

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CAMDEN PROPERTY TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                CPTPRA        CUSIP9 133131102                 05/01/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Richard Campo              Mgmt        For       For        For
                                1.2           Elect William Cooper             Mgmt        For       For        For
                                1.3           Elect Scott Ingraham             Mgmt        For       For        For
                                1.4           Elect Lewis Levey                Mgmt        For       For        For
                                1.5           Elect William McGuire, Jr.       Mgmt        For       Withhold   Against
                                1.6           Elect William Paulsen            Mgmt        For       Withhold   Against
                                1.7           Elect D. Keith Oden              Mgmt        For       For        For
                                1.8           Elect F. Gardner Parker          Mgmt        For       For        For
                                1.9           Elect Steven Webster             Mgmt        For       Withhold   Against
                                2             Ratification of Auditor          Mgmt        For       For        For

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CAPITAL TRUST INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                CT            CUSIP9 14052H506                 06/07/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Samuel Zell                Mgmt        For       For        For
                                1.2           Elect Thomas Dobrowski           Mgmt        For       For        For
                                1.3           Elect Martin Edelman             Mgmt        For       Withhold   Against
                                1.4           Elect Craig Hatkoff              Mgmt        For       For        For
                                1.5           Elect Edward Hyman               Mgmt        For       For        For
                                1.6           Elect John Klopp                 Mgmt        For       For        For
                                1.7           Elect Henry Nassau               Mgmt        For       For        For
                                1.8           Elect Joshua Polan               Mgmt        For       For        For
                                1.9           Elect Lynne Sagalyn              Mgmt        For       For        For
                                2             Capital Trust 2007 Long-Term     Mgmt        For       Against    Against
                                              Incentive Plan
                                3             Ratification of Auditor          Mgmt        For       For        For

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CBL & ASSOCIATES PROPERTIES INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                CBLPRB        CUSIP9 124830100                 05/07/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Stephen Lebovitz           Mgmt        For       For        For
                                1.2           Elect Winston Walker             Mgmt        For       Withhold   Against
                                2             Ratification of Auditor          Mgmt        For       For        For

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CBRE REALTY FINANCE INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                CBF           CUSIP9 12498B307                 06/06/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Ray Wirta                  Mgmt        For       For        For
                                1.2           Elect Michael Melody             Mgmt        For       For        For
                                1.3           Elect Douglas Eby                Mgmt        For       For        For
                                1.4           Elect Vincent Constantini        Mgmt        For       For        For
                                1.5           Elect Ricardo Koenigsberger      Mgmt        For       For        For
                                1.6           Elect David Marks                Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For

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CEDAR SHOPPING CENTERS INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                CDRPRA        CUSIP9 150602209                 06/19/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect James  Burns               Mgmt        For       For        For
                                1.2           Elect Richard Homburg            Mgmt        For       Withhold   Against
                                1.3           Elect Paul Kirk                  Mgmt        For       For        For
                                1.4           Elect Everett Miller, III        Mgmt        For       For        For
                                1.5           Elect Leo Ullman                 Mgmt        For       For        For
                                1.6           Elect Brenda Walker              Mgmt        For       For        For
                                1.7           Elect Roger Widmann              Mgmt        For       For        For
                                2             Increase in Authorized           Mgmt        For       Against    Against
                                              Common Stock and Preferred
                                3             Ratification of Auditor          Mgmt        For       For        For

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COLONIAL PROPERTIES TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                CLPPRC        CUSIP9 195872106                 04/25/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Weston  Andress            Mgmt        For       Withhold   Against
                                1.2           Elect Carl Bailey                Mgmt        For       For        For
                                1.3           Elect M. Gorrie                  Mgmt        For       Withhold   Against
                                1.4           Elect William Johnson            Mgmt        For       For        For
                                1.5           Elect Glade Knight               Mgmt        For       For        For
                                1.6           Elect James Lowder               Mgmt        For       Withhold   Against
                                1.7           Elect Thomas Lowder              Mgmt        For       Withhold   Against
                                1.8           Elect Herbert Meisler            Mgmt        For       For        For
                                1.9           Elect Claude Nielsen             Mgmt        For       For        For
                                1.10          Elect Harold Ripps               Mgmt        For       For        For
                                1.11          Elect Donald Senterfitt          Mgmt        For       For        For
                                1.12          Elect John Spiegel               Mgmt        For       Withhold   Against
                                1.13          Elect C. Reynolds Thompson,      Mgmt        For       For        For
                                              III
                                2             Ratification of Auditor          Mgmt        For       For        For

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CRYSTAL RIVER CAPITAL INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                CRCQL         CUSIP9 229393301                 06/12/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect William Paulsen            Mgmt        For       For        For
                                1.2           Elect Louis Salvatore            Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For

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DUKE REALTY CORP.
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                DREPRA        CUSIP9 264411505                 04/25/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Barrington Branch          Mgmt        For       For        For
                                1.2           Elect Geoffrey Button            Mgmt        For       For        For
                                1.3           Elect William Cavanaugh, lll     Mgmt        For       For        For
                                1.4           Elect Ngaire Cuneo               Mgmt        For       For        For
                                1.5           Elect Charles Eitel              Mgmt        For       For        For
                                1.6           Elect R. Glenn Hubbard           Mgmt        For       For        For
                                1.7           Elect Martin Jischke             Mgmt        For       For        For
                                1.8           Elect L.  Ben Lytle              Mgmt        For       For        For
                                1.9           Elect William McCoy              Mgmt        For       For        For
                                1.10          Elect Dennis D. Oklak            Mgmt        For       For        For
                                1.11          Elect Jack Shaw                  Mgmt        For       For        For
                                1.12          Elect Robert Woodward, Jr.       Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For

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EASTGROUP PROPERTIES INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                EGPPRA        CUSIP9 277276101                 05/30/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect D. Pike Aloian             Mgmt        For       For        For
                                1.2           Elect H.C. Bailey, Jr.           Mgmt        For       For        For
                                1.3           Elect Hayden Eaves III           Mgmt        For       For        For
                                1.4           Elect Fredric Gould              Mgmt        For       For        For
                                1.5           Elect David Hoster II            Mgmt        For       For        For
                                1.6           Elect Mary McCormick             Mgmt        For       For        For
                                1.7           Elect David Osnos                Mgmt        For       For        For
                                1.8           Elect Leland Speed               Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For

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EDUCATION REALTY TRUST INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                EDR           CUSIP9 28140H104                 05/22/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Paul Bower                 Mgmt        For       For        For
                                1.2           Elect Paul Bower                 Mgmt        For       For        For
                                1.3           Elect William Cahill, III.       Mgmt        For       For        For
                                1.4           Elect John Ford                  Mgmt        For       For        For
                                1.5           Elect Wendell Weakley            Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For

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FIRST INDUSTRIAL REALTY TRUST
INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                FR            CUSIP9 32054K103                 05/16/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Jay Shidler                Mgmt        For       For        For
                                1.2           Elect J. Steven Wilson           Mgmt        For       For        For
                                1.3           Elect Robert Newman              Mgmt        For       For        For
                                2             APPROVAL OF AMENDMENT NO. 2      Mgmt        For       For        For
                                              TO THE 2001 STOCK INCENTIVE
                                              PLAN.
                                3             Ratification of Auditor          Mgmt        For       For        For

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GLENBOROUGH REALTY TRUST
INC.
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                GLB           CUSIP9 37803P105                 11/28/2006            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Special       United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.0           Approve Merger Agreement         Mgmt        For       For        For
                                2.0           Other Business                   Mgmt        For       Against    Against

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GLIMCHER REALTY TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                GRTPRB        CUSIP9 379302102                 05/11/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Niles Overly               Mgmt        For       For        For
                                1.2           Elect William Williams           Mgmt        For       For        For
                                1.3           Elect David Aronowitz            Mgmt        For       For        For
                                2             Amendment to 2004 Incentive      Mgmt        For       For        For
                                              Compensation Plan
                                3             Ratification of Auditor          Mgmt        For       For        For

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GRAMERCY CAPITAL CORP.
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                GKK           CUSIP9 384871109                 05/24/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Marc Holliday              Mgmt        For       Withhold   Against
                                1.2           Elect Paul Konigsberg            Mgmt        For       For        For
                                1.3           Elect Charles Laven              Mgmt        For       Withhold   Against
                                2             Ratification of Auditor          Mgmt        For       For        For

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HEALTHCARE PROPERTIES
INVESTMENTS INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                HCP           CUSIP9 421915109                 05/10/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Mary Cirillo-Goldberg      Mgmt        For       For        For
                                1.2           Elect Robert Fanning, Jr.        Mgmt        For       For        For
                                1.3           Elect James Flaherty, III        Mgmt        For       For        For
                                1.4           Elect David Henry                Mgmt        For       For        For
                                1.5           Elect Michael McKee              Mgmt        For       Withhold   Against
                                1.6           Elect Harold Messmer, Jr.        Mgmt        For       Withhold   Against
                                1.7           Elect Peter Rhein                Mgmt        For       For        For
                                1.8           Elect Kenneth Roath              Mgmt        For       For        For
                                1.9           Elect Richard Rosenberg          Mgmt        For       For        For
                                1.10          Elect Joseph  Sullivan           Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For
                                3             STOCKHOLDER PROPOSAL             ShrHoldr    Against   For        Against
                                              REGARDING EXECUTIVE
                                              COMPENSATION.

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HERITAGE PROPERTY INVESTMENT
TRUST INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                HTG           CUSIP9 42725M107                 10/03/2006            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Special       United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.0           Approve Merger Agreement         Mgmt        For       For        For
                                2.0           Adjourn Meeting                  Mgmt        For       For        For

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HIGHWOODS PROPERTIES INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                HIW           CUSIP9 431284108                 05/18/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Edward Fritsch             Mgmt        For       For        For
                                1.2           Elect Lawrence Kaplan            Mgmt        For       For        For
                                1.3           Elect Sherry Kellett             Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For

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HIGHWOODS PROPERTIES, INC.
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                HIW           CUSIP9 431284108                 08/03/2006            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Director Thomas W.         Mgmt        For       For        For
                                              Adler
                                1.2           Elect Director Gene H.           Mgmt        For       For        For
                                              Anderson
                                1.3           Elect Director Kay N.            Mgmt        For       For        For
                                              Callison
                                1.4           Elect Director Sherry A.         Mgmt        For       For        For
                                              Kellett
                                1.5           Elect Director L. Glenn Orr,     Mgmt        For       For        For
                                              Jr.
                                1.6           Elect Director O. Temple         Mgmt        For       For        For
                                              Sloan, Jr.
                                2.0           Ratify Auditors                  Mgmt        For       For        For

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HOME PROPERTIES INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                HME           CUSIP9 437306103                 05/01/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Josh Fidler                Mgmt        For       Withhold   Against
                                1.2           Elect Alan Gosule                Mgmt        For       For        For
                                1.3           Elect Leonard Helbig, III        Mgmt        For       For        For
                                1.4           Elect Roger Kober                Mgmt        For       For        For
                                1.5           Elect Norman Leenhouts           Mgmt        For       For        For
                                1.6           Elect Nelson Leenhouts           Mgmt        For       For        For
                                1.7           Elect Edward  Pettinella         Mgmt        For       For        For
                                1.8           Elect Clifford Smith, Jr.        Mgmt        For       For        For
                                1.9           Elect Paul Smith                 Mgmt        For       For        For
                                1.10          Elect Thomas Summer              Mgmt        For       For        For
                                1.11          Elect Amy Tait                   Mgmt        For       Withhold   Against
                                2             Ratification of Auditor          Mgmt        For       For        For

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

HOSPITALITY PROPERTIES TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                HPT           CUSIP9 44106M102                 05/15/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect William Lamkin             Mgmt        For       For        For
                                2             Amendment to Supermajority       Mgmt        For       Against    Against
                                              Requirement
                                3             Amendment to Supermajority       Mgmt        For       Against    Against
                                              Requirement
                                4             Misc. Declaration of Trust       Mgmt        For       For        For
                                              Amendments
                                5             Director Indemnification         Mgmt        For       For        For
                                6             Right to Adjourn Meeting         Mgmt        For       Against    Against

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

ISTAR FINANCIAL INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                SFIPRB        CUSIP9 45031U101                 05/30/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Jay Sugarman               Mgmt        For       For        For
                                1.2           Elect Glenn August               Mgmt        For       For        For
                                1.3           Elect Robert  Holman, Jr.        Mgmt        For       For        For
                                1.4           Elect Robin Josephs              Mgmt        For       Withhold   Against
                                1.5           Elect Carter McClelland          Mgmt        For       For        For
                                1.6           Elect John McDonald              Mgmt        For       For        For
                                1.7           Elect George  Puskar             Mgmt        For       For        For
                                1.8           Elect Jeffrey Weber              Mgmt        For       For        For
                                2             2007 Incentive Compensation      Mgmt        For       For        For
                                              Plan
                                3             Ratification of Auditor          Mgmt        For       For        For

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

KILROY REALTY CORP.
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                KRCPRF        CUSIP9 49427F108                 05/17/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect William Dickey             Mgmt        For       For        For

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

LEXINGTON CORP. PROPERTIES
TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                LXP           CUSIP9 529043101                 05/22/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Michael Ashner             Mgmt        For       For        For
                                1.2           Elect E. Robert Roskind          Mgmt        For       Withhold   Against
                                1.3           Elect Richard  Rouse             Mgmt        For       Withhold   Against
                                1.4           Elect T. Wilson Eglin            Mgmt        For       For        For
                                1.5           Elect William Borruso            Mgmt        For       For        For
                                1.6           Elect Clifford Broser            Mgmt        For       For        For
                                1.7           Elect Geoffrey Dohrmann          Mgmt        For       For        For
                                1.8           Elect Carl Glickman              Mgmt        For       For        For
                                1.9           Elect James Grosfeld             Mgmt        For       For        For
                                1.10          Elect Richard Frary              Mgmt        For       For        For
                                1.11          Elect Kevin Lynch                Mgmt        For       Withhold   Against
                                2             2007 Equity-Based Award Plan     Mgmt        For       Against    Against
                                3             Ratification of Auditor          Mgmt        For       For        For
                                4             Transaction of Other Business    Mgmt        For       Against    Against

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

LIBERTY PROPERTY TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                LRYPRA        CUSIP9 531172104                 05/17/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect J. Anthony Hayden          Mgmt        For       Withhold   Against
                                1.2           Elect M. Leanne Lachman          Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For
                                3             Amendment to the Amended and     Mgmt        For       For        For
                                              Restated Share Incentive Plan

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

MACK CALI RLTY CORP. COMMERCE
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                CLI           CUSIP9 554489104                 05/23/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Alan Bernikow              Mgmt        For       For        For
                                1.2           Elect Kenneth Duberstein         Mgmt        For       For        For
                                1.3           Elect Vincent Tese               Mgmt        For       Withhold   Against
                                1.4           Elect Roy Zuckerberg             Mgmt        For       Withhold   Against
                                2             Ratification of Auditor          Mgmt        For       For        For

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

MAGUIRE PROPERTIES INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                MPG           CUSIP9 559775101                 06/05/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Robert Maguire III         Mgmt        For       For        For
                                1.2           Elect Lawrence Kaplan            Mgmt        For       For        For
                                1.3           Elect Caroline McBride           Mgmt        For       For        For
                                1.4           Elect Andrea Van de Kamp         Mgmt        For       For        For
                                1.5           Elect Walter Weisman             Mgmt        For       For        For
                                1.6           Elect Lewis Wolff                Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For
                                3             Amendment to 2003 Incentive      Mgmt        For       For        For
                                              Award Plan

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

MID AMERICA APARTMENT
COMMUNITIES
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                MAA           CUSIP9 59522J103                 05/22/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Mary McCormick             Mgmt        For       For        For
                                1.2           Elect William Sansom             Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For

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

NATIONWIDE HEALTH PROPERTIES
INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                NHP           CUSIP9 638620104                 04/24/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect David Banks                Mgmt        For       For        For
                                1.2           Elect Douglas Pasquale           Mgmt        For       For        For
                                1.3           Elect Jack Samuelson             Mgmt        For       For        For
                                2             Increase in Authorized Shares    Mgmt        For       For        For
                                3             Charter Amendment Regarding      Mgmt        For       For        For
                                              REIT Protections
                                4             Ratification of Auditor          Mgmt        For       For        For

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

NEWKIRK REALTY TRUST
INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                Null          CUSIP9 651497109                 11/20/2006            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Special       United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.0           Approve Merger Agreement         Mgmt        For       For        For
                                2.0           Adjourn Meeting                  Mgmt        For       For        For

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

NORTHSTAR REALTY FINANCIAL
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                NRF           CUSIP9 66704R100                 05/24/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect William Adamski            Mgmt        For       For        For
                                1.2           Elect Preston Butcher            Mgmt        For       Withhold   Against
                                1.3           Elect David  Hamamoto            Mgmt        For       For        For
                                1.4           Elect Judith Hannaway            Mgmt        For       For        For
                                1.5           Elect Wesley Minami              Mgmt        For       For        For
                                1.6           Elect Louis Paglia               Mgmt        For       For        For
                                1.7           Elect W. Edward Scheetz          Mgmt        For       For        For
                                1.8           Elect Frank Sica                 Mgmt        For       Withhold   Against
                                2             Ratification of Auditor          Mgmt        For       For        For
                                3             Amendment to 2004 Omnibus        Mgmt        For       For        For
                                              Stock Incentive Plan

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

OMEGA HEALTHCARE INVESTORS INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                OHIPRB        CUSIP9 681936100                 05/24/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Edward Lowenthal           Mgmt        For       Withhold   Against
                                1.2           Elect Stephen Plavin             Mgmt        For       Withhold   Against
                                2             RATIFICATION OF INDEPENDENT      Mgmt        For       For        For
                                              AUDITORS ERNST & YOUNG LLP

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

PENNSYLVANIA REAL ESTATE
INVESTMENT
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                PEI           CUSIP9 709102107                 05/31/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Edward Glickman            Mgmt        For       For        For
                                1.2           Elect Rosemarie Greco            Mgmt        For       For        For
                                1.3           Elect Ira Lubert                 Mgmt        For       Withhold   Against
                                1.4           Elect George Rubin               Mgmt        For       Withhold   Against
                                2             APPROVAL OF THE 2008             Mgmt        For       For        For
                                              RESTRICTED SHARE PLAN FOR
                                              NON-EMPLOYEE TRUSTEES.
                                3             RATIFICATION OF THE              Mgmt        For       For        For
                                              SELECTION OF KPMG LLP AS
                                              INDEPENDENT AUDITOR FOR 2007.

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

RECKSON ASSOCIATES REALTY
CORP.
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                RA            CUSIP9 75621K106                 12/06/2006            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Special       United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.0           Approve Merger Agreement         Mgmt        For       For        For
                                2.0           Adjourn Meeting                  Mgmt        For       For        For

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

SOVRAN SELF STORAGE INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                SSS           CUSIP9 84610H108                 05/21/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Robert Attea               Mgmt        For       Withhold   Against
                                1.2           Elect Kenneth Myszka             Mgmt        For       For        For
                                1.3           Elect John Burns                 Mgmt        For       For        For
                                1.4           Elect Michael Elia               Mgmt        For       For        For
                                1.5           Elect Anthony Gammie             Mgmt        For       Withhold   Against
                                1.6           Elect Charles Lannon             Mgmt        For       For        For
                                2             Ratification of Auditors         Mgmt        For       For        For

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

TANGER FACTORY OUTLET CENTERS
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                SKTPRC        CUSIP9 875465106                 05/30/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Stanley K. Tanger          Mgmt        For       For        For
                                1.2           Elect Steven B. Tanger           Mgmt        For       For        For
                                1.3           Elect Jack Africk                Mgmt        For       For        For
                                1.4           Elect William G. Benton          Mgmt        For       For        For
                                1.5           Elect Thomas Robinson            Mgmt        For       Withhold   Against
                                1.6           Elect Allan Schuman              Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       Against    Against
                                3             Increase in Authorized           Mgmt        For       Against    Against
                                              Common Stock
                                4             Authorization of Preferred       Mgmt        For       For        For
                                              Stock

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

UNITED DOMINION REALTY TRUST
INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                UDRPRA        CUSIP9 910197102                 05/08/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Katherine Cattanach        Mgmt        For       For        For
                                1.2           Elect Eric Foss                  Mgmt        For       For        For
                                1.3           Elect Robert Freeman             Mgmt        For       For        For
                                1.4           Elect Jon Grove                  Mgmt        For       For        For
                                1.5           Elect James Klingbeil            Mgmt        For       For        For
                                1.6           Elect Robert Larson              Mgmt        For       For        For
                                1.7           Elect Thomas Oliver              Mgmt        For       For        For
                                1.8           Elect Lynne Sagalyn              Mgmt        For       For        For
                                1.9           Elect Mark Sandler               Mgmt        For       For        For
                                1.10          Elect Thomas Toomey              Mgmt        For       For        For
                                1.11          Elect Thomas Wajnert             Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For

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

VENTAS INC
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                VTR           CUSIP9 92276F100                 05/16/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Debra A. Cafaro            Mgmt        For       For        For
                                1.2           Elect Douglas Crocker, ll        Mgmt        For       For        For
                                1.3           Elect Jay Gellert                Mgmt        For       For        For
                                1.4           Elect Ronald G. Geary            Mgmt        For       For        For
                                1.5           Elect Christopher Hannon         Mgmt        For       For        For
                                1.6           Elect Sheli Rosenberg            Mgmt        For       For        For
                                1.7           Elect Thomas Theobald            Mgmt        For       For        For
                                2             Ratification of Auditor          Mgmt        For       For        For
                                3             Increase in Authorized           Mgmt        For       For        For
                                              Common Stock
                                4             Amendment to the Certificate     Mgmt        For       For        For
                                              of Incorporation to Limit
                                              Stock Ownership

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

VORNADO REALTY TRUST
                                TICKER        SECURITY ID:                     MEETING DATE          MEETING STATUS
                                VNO           CUSIP9 929042109                 05/22/2007            Voted
                                MEETING TYPE  COUNTRY OF TRADE
                                Annual        United States
                                ISSUE NO.     DESCRIPTION                      PROPONENT   MGMT REC  VOTE CAST  FOR/AGNST
                                                                                                                MGMT
                                1.1           Elect Robert Kogod               Mgmt        For       Withhold   Against
                                1.2           Elect David Mandelbaum           Mgmt        For       For        For
                                1.3           Elect Richard West               Mgmt        For       For        For
                                2             RATIFICATION OF SELECTION OF     Mgmt        For       For        For
                                              INDEPENDENT REGISTERED
                                              PUBLIC ACCOUNTING FIRM.
                                3             SHAREHOLDER PROPOSAL             ShrHoldr    Against   For        Against
                                              REGARDING MAJORITY VOTING
                                              FOR TRUSTEES.




                                   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.


Neuberger Berman Real Estate Income Fund Inc.


By: /s/ Peter E. Sundman
    -----------------------------
    Peter E. Sundman
    Chief Executive Officer

Date: August 27, 2007