Fund

RIF

Company

Agree Realty Corporation

Ticker:

ADC

Cusip:

012688377

Meeting Date:

5/2/2016

Record Date:

3/4/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect three directors to serve until the annual meeting of stockholders in 2019 - Joel Agree, William S. Rubenfaer and Leon M. Schurgin;

For

For

Management

2

To ratify the appointment of Grant Thornton LLP as the independent registered public accounting firm for 2016;

For

For

Management

3

To approve, by non-binding vote, executive compensation;

For

For

Management

4

To consider and approve an amendment to our Articles of Incorporation, as amended and supplemented (our “Charter”) to increase the number of authorized shares of our common stock from 28 million shares to 45 million shares, as set forth in the form of Articles of Amendment; and

For

For

Management

5

To consider and approve an amendment to our Charter to provide that, in no event, may our board of directors classify or reclassify any authorized but unissued shares of our common stock into shares of our preferred stock or any class or series thereof, as set forth in the form of Articles of Amendment.

For

For

Management

Company

American Campus Communities, Inc.

Ticker:

ACC

Cusip:

024835100

Meeting Date:

5/5/2016

Record Date:

3/14/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect eight directors to a one-year term of office expiring at the 2017 Annual Meeting of Stockholders or until their successors are duly elected and qualified - William C. Bayless, Jr., G. Steven Dawson, Cydney C. Donnell, Dennis G. Lopez, Edward Lowenthal, Oliver Luck, C. Patrick Oles, Jr. and Winston W. Walker;

For

For

Management

2

To ratify Ernst & Young LLP as our independent auditors for 2016; and

For

For

Management

3

To hold an advisory vote on executive compensation.

For

For

Management

Company

Annaly Capital Management, Inc.

Ticker:

NLY

Cusip:

012894163

Meeting Date:

5/26/2016

Record Date:

3/29/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

Elect three Directors for a term of three years each -Kevin G. Keyes, Kevin P. Brady and E. Wayne Nordberg;

For

For

Management

2

Approve, on an advisory basis, our executive compensation; and

For

For

Management

3

Ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for 2016.

For

For

Management

Company

Apartment Investment & Management Company

Ticker:

AIV

Cusip:

011538436

Meeting Date:

4/26/2016

Record Date:

2/19/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect eight directors, for a term of one year each, until the next Annual Meeting of Stockholders and until their successors are elected and qualify - James N. Bailey, Robert A. Miller, Terry Considine, Kathleen M. Nelson, Thomas L. Keltner, Michael A. Stein, J. Landis Martin and Nina A. Tran;

For

For

Management

2

To ratify the selection of Ernst & Young LLP, to serve as independent registered public accounting firm for the Company for the fiscal year ending December 31, 2016; and

For

For

Management

3

To conduct an advisory vote on executive compensation.

For

For

Management

Company

Armada Hoffler Properties, Inc.

Ticker:

AHH

Cusip:

131097247

Meeting Date:

6/15/2016

Record Date:

4/15/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect the eight director nominees - John W. Snow, George F. Allen, James A. Carroll and James C. Cherry and Ms. Eva S. Hardy; and

For

For

Management

2

To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2016.

For

For

Management

Company

Ashford Hospitality Prime Inc.

Ticker:

AHP

Cusip:

099745797

Meeting Date:

6/10/2016

Record Date:

5/20/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect seven directors to hold office until the next annual meeting of stockholders and until their successors are elected and qualified -Monty J. Bennett, Douglas A. Kessler, Stefani D. Carter, Curtis B. McWilliams, W. Michael Murphy, Matthew D. Rinaldi and Andrew L. Strong; and

For

For

Management

2

To ratify the appointment of BDO USA, LLP, a national public accounting firm, as our independent auditors for the fiscal year ending December 31, 2016.

For

For

Management

Company

Ashford Hospitality Trust

Ticker:

AHT

Cusip:

019110486

Meeting Date:

5/17/2016

Record Date:

4/14/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect seven directors to hold office until the next annual meeting of stockholders and until their successors are elected and qualified - Monty J. Bennett, Dr. Benjamin J. Ansell, Thomas E. Callahan, Amish Gupta, Kamal Jafarnia, Philip S. Payne and Alan L. Tallis;

For

For

Management

2

To ratify the appointment of BDO USA, LLP, a national public accounting firm, as our independent auditors for the fiscal year ending December 31, 2016; and

For

For

Management

3

To obtain advisory approval of the company’s executive compensation.

For

For

Management

Company

Associated Estates Realty Corporation

Ticker:

AEC

Cusip:

045604-105

Meeting Date:

8/5/2015

Record Date:

6/22/2015

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To adopt the Agreement and Plan of Merger, dated April 22, 2015, which is referred to as the merger agreement, among BSREP II Aries Pooling LLC (“Parent”), BSREP II Aries DE Merger Sub Inc. and Associated Estates. If the merger agreement is adopted and the merger is completed, Associated Estates will become a wholly owned subsidiary of Parent, and each of your Associated Estates common shares, without par value, will be converted into the right to receive $28.75 in cash, without interest, less any applicable withholding tax, unless you have properly exercised, and not subsequently waived your dissenters’ rights with respect to such shares;

For

For

Management

2

To approve, on a non-binding, advisory basis, the compensation to be paid to Associated Estates’ named executive officers that is based on or otherwise relates to the merger; and

For

For

Management

3

To adjourn the special meeting, if necessary, to permit further solicitation of proxies if there are not sufficient votes at the time of the special meeting to adopt the merger agreement.

For

For

Management

Company

Avalonbay Communities, Inc.

Ticker:

AVB

Cusip:

011551319

Meeting Date:

5/19/2016

Record Date:

3/7/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect the following nine directors to serve until the 2017 Annual Meeting of Stockholders and until their respective successors are elected and qualify: Glyn F. Aeppel, Terry S. Brown, Alan B. Buckelew, Ronald L. Havner, Jr., Timothy J. Naughton, Lance R. Primis, Peter S. Rummell, H. Jay Sarles, and W. Edward Walter;

For

For

Management

2

To consider and vote upon ratification of the selection of Ernst & Young LLP by the Audit Committee of the Company’s Board of Directors to serve as the Company’s independent auditors for 2016; and

For

For

Management

3

To consider and vote upon a resolution to approve, on a non-binding, advisory basis, the compensation of certain executives of the Company as more fully described in the accompanying proxy statement.

For

For

Management

Company

Biomed Realty Trust, Inc.

Ticker:

BMR

Cusip:

09063H107

Meeting Date:

1/21/2016

Record Date:

12/3/2015

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To consider and vote on a proposal to approve the merger of BioMed Realty Trust, Inc. with and into BRE Edison L.P., which we refer to as the merger, and the other transactions contemplated by the Agreement and Plan of Merger, dated as of October 7, 2015 and as may be amended from time to time, among BioMed Realty Trust, Inc., BioMed Realty, L.P., BRE Edison Holdings L.P., BRE Edison L.P. and BRE Edison Acquisition L.P., which we refer to as the merger agreement; and

For

For

Management

2

To consider and vote on a proposal to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to our named executive officers that is based on or otherwise relates to the merger.

For

For

Management

Company

Blackrock Credit Allocation Income Trust

Ticker:

BTZ

Cusip:

092508-100

Meeting Date:

7/29/2015

Record Date:

6/1/2015

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect to the Board the five nominees named - Frank J. Fabozzi, James T. Flynn, Barbara G. Novick, John M. Perlowski and Karen P. Robards.

For

For

Management

Ticker:

BTZ

Cusip:

092508100

Meeting Date:

6/26/2016

Record Date:

6/1/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect the eleven nominees for director named in the proxy statement - Catherine A. Lynch, Richard E. Cavanagh, Cynthia L. Egan, Jerrod B. Harris and Barbara G. Novick.

For

For

Management

Company

Boston Properties, Inc.

Ticker:

BXP

Cusip:

012269854

Meeting Date:

5/17/2016

Record Date:

3/23/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect the eleven nominees for director named in the proxy statement, each to serve for a one-year term and until their respective successors are duly elected and qualified - Bruce W. Duncan, Karen E. Dykstra, Carol B. Einiger, Dr. Jacob A. Frenkel, Joel I. Klein, Douglas T. Linde, Matthew J. Lustig, Alan J. Patricof, Owen D. Thomas, Martin Turchin, David A. Twardock and Raymond A. Ritchey;

For

For

Management

2

To hold an advisory vote on named executive officer compensation; and

For

For

Management

3

To ratify the Audit Committee’s appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2016.

For

For

Management

Company

CBL & Associates Properties, Inc.

Ticker:

CBL

Cusip:

124830100

Meeting Date:

5/2/2016

Record Date:

3/7/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To act on the re-election of the Board of Directors’ nine director nominees to serve for a term of one year and until their respective successors are elected and qualified - Charles B. Lebovitz, Stephen D. Lebovitz, Gary L. Bryenton, A. Larry Chapman, Matthew S. Dominski, John D. Griffith, Richard J. Lieb, Gary J. Nay and Kathleen M. Nelson;

For

For

Management

2

To act upon a proposal to ratify the selection of Deloitte & Touche LLP as the independent registered public accountants for the Company’s fiscal year ending December 31, 2016;

For

For

Management

3

To act upon a proposal for the advisory approval of the compensation of our Named Executive Officers; and

For

For

Management

4

To act upon a proposal to amend the Company’s Amended and Restated Certificate of Incorporation to delete a requirement that directors may be removed only for cause.

For

For

Management

Company

CBRE Group, Inc.

Ticker:

CBG

Cusip:

12504L109

Meeting Date:

5/13/2016

Record Date:

3/14/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

Elect our 10 Board-nominated directors named in the Proxy Statement - Brandon B. Boze, Curtis F. Feeny, Bradford M. Freeman, Gerardo I. Lopez, Frederic V. Malek, Paula R. Reynolds, Robert E. Sulentic, Laura D. Tyson and Ray Wirta;

For

For

Management

2

Ratify the appointment of KPMG LLP as our independent registered public accounting firm for 2016;

For

For

Management

3

Advisory resolution to approve named executive officer compensation for 2015;

For

For

Management

4

Approve an amendment to our certificate of incorporation to reduce (to 30%) the stock-ownership threshold required for our stockholders to request a special stockholder meeting; and

For

For

Management

5

If properly presented, to consider a stockholder proposal regarding our stockholders’ ability to call special stockholder meetings.

Against

Against

Stockholder

Company

Cedar Realty Trust, Inc.

Ticker:

CDR

Cusip:

150602209

Meeting Date:

5/3/2016

Record Date:

3/11/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect seven directors - James J. Burns, Abraham Eisenstat, Pamela N. Hootkin, Paul G. Kirk, Jr., Steven G. Rogers, Bruce J. Schanzer and Roger M. Widmann;

For

For

Management

2

To vote upon an advisory (non-binding) resolution to approve executive compensation; and

For

For

Management

3

To approve the appointment of Ernst & Young LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2016.

For

For

Management

Company

Chambers Street Properties

Ticker:

CSG

Cusip:

157842105

Meeting Date:

12/15/2015

Record Date:

10/8/2015

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

A proposal to approve the issuance of Chambers common shares in connection with the proposed merger of Columbus Merger Sub, LLC, a Maryland limited liability company and indirect wholly owned subsidiary of Chambers, with and into Gramercy Property Trust Inc., a Maryland corporation (“Gramercy”), with Columbus Merger Sub, LLC continuing as the surviving entity and an indirect wholly owned subsidiary of Chambers, pursuant to which each outstanding share of Gramercy common stock will be converted into the right to receive 3.1898 newly issued Chambers common shares of beneficial interest (the “Merger”);

For

For

Management

2

A proposal to elect five trustees - Charles E. Black, James L. Francis, James M. Orphanides, Martin A. Reid and Louis P. Salvatore;

For

For

Management

3

A proposal to approve, on a non-binding, advisory basis, the compensation of the Chambers named executive officers; and

For

For

Management

4

A proposal to ratify the selection of Deloitte & Touche LLP as Chambers’ independent registered public accounting firm for the fiscal year ending December 31, 2015.

For

For

Management

Company

Chatham Lodging Trust

Ticker:

CLDT

Cusip:

050438449

Meeting Date:

5/18/2016

Record Date:

3/15/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect five trustees of the Company to hold office for a one-year term and until their respective successors as trustees are duly elected and qualified - C. Gerald Goldsmith, Rolf E. Ruhfus, Jeffrey H. Fisher, Thomas J. Crocker and Robert Perlmutter;

For

For

Management

2

To ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accountants for the year ending December 31, 2016; and

For

For

Management

3

To hold an advisory vote on executive compensation as disclosed in these materials.

For

For

Management

Company

Chesapeake Lodging Trust

Ticker:

CHSP

Cusip:

165240102

Meeting Date:

5/17/2016

Record Date:

4/1/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect seven trustees from the nominees named in the attached proxy statement to serve until the 2017 Annual Meeting or until their successors are elected and qualified - James L. Francis, Douglas W. Vicari, Thomas A. Natelli, Thomas D. Eckert, John W. Hill, George F. McKenzie and Jeffrey D. Nuechterlein;

For

For

Management

2

To ratify the appointment of Ernst & Young LLP as the Trust’s independent registered public accounting firm for the year ending December 31, 2016;

For

For

Management

3

To approve an amendment to the Trust’s charter that would, if approved, permit shareholders to act to amend our bylaws in certain circumstances; and

For

For

Management

4

To consider a non-binding shareholder proposal to amend the bylaws by a vote of the majority of shares outstanding, including amendments initiated by shareholders if properly presented at the 2016 Annual Meeting.

Against

Against

Shareholder

Company

City Office REIT, Inc.

Ticker:

CIO

Cusip:

178587101

Meeting Date:

5/4/2016

Record Date:

3/8/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

The election of six directors nominated by our Board of Directors, each to serve until the 2017 Annual Meeting and until their successors are elected and qualify - John McLernon; James Farrar; Samuel Belzberg; William Flatt; Mark Murski and Stephen Shraiberg; and

For

For

Management

2

To ratify the appointment of KPMG LLP as the independent registered public accounting firm for CIO for the fiscal year ending December 31, 2016.

For

For

Management

Company

Cohen & Steers Quality Income Realty Fund

Ticker:

RQI

Cusip:

19247L106

Meeting Date:

4/28/2016

Record Date:

3/1/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To consider and vote upon the election of four Directors of the Fund, each to hold office for a term of three years and until their successors are duly elected and qualify - Joseph M. Harvey, Gerald J. Maginnis, Richard J. Norman and Frank K. Ross.

For

For

Management

Company

Condor Hospitality Trust, Inc.

Ticker:

CDOR

Cusip:

20676Y-106

Meeting Date:

9/3/2015

Record Date:

7/31/2015

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To approve pursuant to NASDAQ Marketplace Listing Rule 5635(d), the issuance by the Company of up to 11,664,615 shares of the Company’s common stock in an exchange offer for Series A preferred stock and Series B preferred stock and in connection with the conversion of Series C convertible preferred stock (the “Common Stock Proposal”);

For

For

Management

2

To approve the amendment of Article XI, Section 6(f) of the Amended and Restated Articles of Incorporation of the Company to delete the beneficial ownership of more than 35% of the voting stock of the Company as a change of control that requires the redemption of the Series B preferred stock (the “Change of Control Proposal”);

For

For

Management

3

To approve the removal of the limitation on Real Estate Strategies L.P. and its affiliates from beneficial ownership of more than 34% of the voting stock of the Company (the “Limitation Removal Proposal”);

For

For

Management

4

To approve the amendment of Article III of the Company’s Amended and Restated Articles of Incorporation to grant authority to the Company to issue up to 30,000,000 shares of non-voting convertible common stock (the “Non-Voting Common Stock Proposal”);

For

For

Management

5

To approve an extension of the end of the exercise period of the warrants held by Real Estate Strategies L.P., at its option, from January 31, 2017 to January 31, 2018 for 50% of the warrants and to January 31, 2019 for the other 50% of the warrants, and remove the beneficial ownership limitation of 34%, and permit the warrants to be exercised for common stock or non-voting common stock (“Warrant Amendment Proposal”);

For

For

Management

6

To approve the amendment of Article XII, Section 8(a) of the Company Charter to permit conversion of the Series C convertible preferred stock into common stock or non-voting convertible common stock (the “Conversion Option Proposal”); and

For

For

Management

7

To approve adjournment of the meeting with respect to the holders of common stock and Series C convertible preferred stock, if necessary, to solicit additional proxies, if there are not sufficient votes at the time of the meeting to approve the Common Stock Proposal, Change of Control Proposal, the Limitation Removal Proposal, Non-Voting Common Stock Proposal or the Conversion Option Proposal.

For

For

Management

Ticker:

CDOR

Cusip:

126666713

Meeting Date:

6/15/2016

Record Date:

4/15/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect nine directors to serve on the Board of Directors until the annual meeting of shareholders in 2017 or until their successors have been duly elected and qualified - Daniel R. Elsztain; James H. Friend; Jeffrey Giller; Donald J. Landry; Mark D. Linehan; Brendan MacDonald; John M. Sabin; J. William Blackham and Daphne J. Dufresne;

For

For

Management

2

To eliminate the requirement that the Board of Directors receive certain shareholder representations in connection with conversions of Series D convertible preferred stock as long as the Board is able to obtain the opinion of counsel specified in Article IX(A)(7) of the Amended and Restated Articles of Incorporation;

For

For

Management

3

To approve the 2016 Stock Plan;

For

For

Management

4

To hold an advisory vote on executive compensation; and

For

For

Management

5

To ratify the appointment of KPMG LLP as independent auditors for 2016.

For

For

Management

Company

Corporate Office Properties Trust

Ticker:

OFC

Cusip:

22002T108

Meeting Date:

5/12/2016

Record Date:

3/15/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

Elect eight Trustees - Thomas F. Brady, Robert L. Denton, Sr., Philip L. Hawkins, U.S. Rear Admiral (Ret.) Elizabeth A. Hight, David M. Jacobstein, Steven D. Kesler, C. Taylor Pickett and Richard Szafranski;

For

For

Management

2

Ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the current fiscal year; and

For

For

Management

3

Approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement for this meeting.

For

For

Management

Company

Cubesmart

Ticker:

CUBE

Cusip:

067904362

Meeting Date:

5/31/2016

Record Date:

3/15/2016

Management

Vote

#

Proposal

Recommendation

Cast

Sponsor

1

To elect as Trustees, the eight individuals named in the accompanying proxy statement to serve until our 2017 annual shareholders meeting and until their successors are duly elected and qualified - William M. Diefenderfer III, Piero Bussani, John W. Fain, Marianne M. Keler,Christopher P. Marr, John F. Remondi, Jeffrey F. Rogatz and Deborah R. Salzberg;

For

For

Management

2

To consider and vote on a proposal to amend and restate our Amended and Restated 2007 Equity Incentive Plan to increase the number of shares available for grant thereunder;

For

For

Management

3

To ratify the appointment of KPMG LLP as our independent registered public accounting firm for the year ending December 31, 2016; and

For

For

Management

4

To cast an advisory vote to approve our executive compensation.

For

For

Management