UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number  811-08034  

Franklin Real Estate Securities Trust

(Exact name of registrant as specified in charter)

One Franklin Parkway, San Mateo, CA 94403-1906

(Address of principal executive offices) (Zip code)

Craig S. Tyle, One Franklin Parkway, San Mateo, CA 94403-1906

(Name and address of agent for service)

Registrant's telephone number, including area code: (650) 312-2000     

Date of fiscal year end:      4/30 

Date of reporting period:   6/30/2021    

Item 1. Proxy Voting Records.

ALEXANDRIA REAL ESTATE EQUITIES, INC.
Meeting Date:  MAY 18, 2021
Record Date:  MAR 31, 2021
Meeting Type:  ANNUAL

Ticker:  ARE
Security ID:  015271109

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Joel S. Marcus

Management

For

For

1.2

Elect Director Steven R. Hash

Management

For

For

1.3

Elect Director James P. Cain

Management

For

For

1.4

Elect Director Maria C. Freire

Management

For

For

1.5

Elect Director Jennifer Friel Goldstein

Management

For

For

1.6

Elect Director Richard H. Klein

Management

For

For

1.7

Elect Director Michael A. Woronoff

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify Ernst & Young LLP as Auditors

Management

For

For

AMERICAN HOMES 4 RENT
Meeting Date:  MAY 06, 2021
Record Date:  MAR 09, 2021
Meeting Type:  ANNUAL

Ticker:  AMH
Security ID:  02665T306

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Kenneth M. Woolley

Management

For

For

1b

Elect Director David P. Singelyn

Management

For

For

1c

Elect Director Douglas N. Benham

Management

For

For

1d

Elect Director Jack Corrigan

Management

For

For

1e

Elect Director David Goldberg

Management

For

For

1f

Elect Director Tamara Hughes Gustavson

Management

For

For

1g

Elect Director Matthew J. Hart

Management

For

For

1h

Elect Director Michelle C. Kerrick

Management

For

For

1i

Elect Director James H. Kropp

Management

For

For

1j

Elect Director Lynn C. Swann

Management

For

For

1k

Elect Director Winifred M. Webb

Management

For

For

1l

Elect Director Jay Willoughby

Management

For

For

1m

Elect Director Matthew R. Zaist

Management

For

For

2

Approve Omnibus Stock Plan

Management

For

For

3

Approve Nonqualified Employee Stock Purchase Plan

Management

For

For

4

Ratify Ernst & Young LLP as Auditors

Management

For

For

5

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

6

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

AMERICAN TOWER CORPORATION
Meeting Date:  MAY 26, 2021
Record Date:  MAR 29, 2021
Meeting Type:  ANNUAL

Ticker:  AMT
Security ID:  03027X100

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Thomas A. Bartlett

Management

For

For

1b

Elect Director Raymond P. Dolan

Management

For

For

1c

Elect Director Kenneth R. Frank

Management

For

For

1d

Elect Director Robert D. Hormats

Management

For

For

1e

Elect Director Gustavo Lara Cantu

Management

For

For

1f

Elect Director Grace D. Lieblein

Management

For

For

1g

Elect Director Craig Macnab

Management

For

For

1h

Elect Director JoAnn A. Reed

Management

For

For

1i

Elect Director Pamela D.A. Reeve

Management

For

For

1j

Elect Director David E. Sharbutt

Management

For

For

1k

Elect Director Bruce L. Tanner

Management

For

For

1l

Elect Director Samme L. Thompson

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditor

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Reduce Ownership Threshold for Shareholders to Call Special Meeting

Shareholder

Against

For

5

Establish a Board Committee on Human Rights

Shareholder

Against

Against

AMERICOLD REALTY TRUST
Meeting Date:  MAY 19, 2021
Record Date:  MAR 22, 2021
Meeting Type:  ANNUAL

Ticker:  COLD
Security ID:  03064D108

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Fred W. Boehler

Management

For

For

1b

Elect Director George J. Alburger, Jr.

Management

For

For

1c

Elect Director Kelly H. Barrett

Management

For

For

1d

Elect Director Antonio F. Fernandez

Management

For

For

1e

Elect Director James R. Heistand

Management

For

For

1f

Elect Director David J. Neithercut

Management

For

For

1g

Elect Director Mark R. Patterson

Management

For

For

1h

Elect Director Andrew P. Power

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify Ernst & Young LLP as Auditors

Management

For

For

AVALONBAY COMMUNITIES, INC.
Meeting Date:  MAY 20, 2021
Record Date:  MAR 25, 2021
Meeting Type:  ANNUAL

Ticker:  AVB
Security ID:  053484101

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Glyn F. Aeppel

Management

For

For

1b

Elect Director Terry S. Brown

Management

For

For

1c

Elect Director Alan B. Buckelew

Management

For

For

1d

Elect Director Ronald L. Havner, Jr.

Management

For

For

1e

Elect Director Stephen P. Hills

Management

For

For

1f

Elect Director Christopher B. Howard

Management

For

For

1g

Elect Director Richard J. Lieb

Management

For

For

1h

Elect Director Nnenna Lynch

Management

For

For

1i

Elect Director Timothy J. Naughton

Management

For

For

1j

Elect Director Benjamin W. Schall

Management

For

For

1k

Elect Director Susan Swanezy

Management

For

For

1l

Elect Director W. Edward Walter

Management

For

For

2

Ratify Ernst & Young LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

BOSTON PROPERTIES, INC.
Meeting Date:  MAY 20, 2021
Record Date:  MAR 24, 2021
Meeting Type:  ANNUAL

Ticker:  BXP
Security ID:  101121101

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Joel I. Klein

Management

For

For

1b

Elect Director Kelly A. Ayotte

Management

For

For

1c

Elect Director Bruce W. Duncan

Management

For

For

1d

Elect Director Karen E. Dykstra

Management

For

For

1e

Elect Director Carol B. Einiger

Management

For

For

1f

Elect Director Diane J. Hoskins

Management

For

For

1g

Elect Director Douglas T. Linde

Management

For

For

1h

Elect Director Matthew J. Lustig

Management

For

For

1i

Elect Director Owen D. Thomas

Management

For

For

1j

Elect Director David A. Twardock

Management

For

For

1k

Elect Director William H. Walton, III

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Approve Omnibus Stock Plan

Management

For

For

4

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

BROADSTONE NET LEASE, INC.
Meeting Date:  MAY 20, 2021
Record Date:  MAR 29, 2021
Meeting Type:  ANNUAL

Ticker:  BNL
Security ID:  11135E203

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Laurie A. Hawkes

Management

For

For

1.2

Elect Director Christopher J. Czarnecki

Management

For

For

1.3

Elect Director Denise Brooks-Williams

Management

For

For

1.4

Elect Director Michael A. Coke

Management

For

For

1.5

Elect Director David M. Jacobstein

Management

For

For

1.6

Elect Director Agha S. Khan

Management

For

For

1.7

Elect Director Shekar Narasimhan

Management

For

For

1.8

Elect Director Geoffrey H. Rosenberger

Management

For

For

1.9

Elect Director James H. Watters

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

CAMDEN PROPERTY TRUST
Meeting Date:  MAY 13, 2021
Record Date:  MAR 16, 2021
Meeting Type:  ANNUAL

Ticker:  CPT
Security ID:  133131102

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Richard J. Campo

Management

For

For

1.2

Elect Director Heather J. Brunner

Management

For

For

1.3

Elect Director Mark D. Gibson

Management

For

For

1.4

Elect Director Scott S. Ingraham

Management

For

For

1.5

Elect Director Renu Khator

Management

For

For

1.6

Elect Director D. Keith Oden

Management

For

For

1.7

Elect Director William F. Paulsen

Management

For

For

1.8

Elect Director Frances Aldrich Sevilla-Sacasa

Management

For

For

1.9

Elect Director Steven A. Webster

Management

For

For

1.10

Elect Director Kelvin R. Westbrook

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

CBRE GROUP, INC.
Meeting Date:  MAY 19, 2021
Record Date:  MAR 22, 2021
Meeting Type:  ANNUAL

Ticker:  CBRE
Security ID:  12504L109

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Brandon B. Boze

Management

For

For

1b

Elect Director Beth F. Cobert

Management

For

For

1c

Elect Director Reginald H. Gilyard

Management

For

For

1d

Elect Director Shira D. Goodman

Management

For

For

1e

Elect Director Christopher T. Jenny

Management

For

For

1f

Elect Director Gerardo I. Lopez

Management

For

For

1g

Elect Director Oscar Munoz

Management

For

For

1h

Elect Director Robert E. Sulentic

Management

For

For

1i

Elect Director Laura D. Tyson

Management

For

For

1j

Elect Director Sanjiv Yajnik

Management

For

For

2

Ratify KPMG LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Reduce Ownership Threshold for Shareholders to Call Special Meeting

Shareholder

Against

For

CITY OFFICE REIT, INC.
Meeting Date:  MAY 06, 2021
Record Date:  MAR 01, 2021
Meeting Type:  ANNUAL

Ticker:  CIO
Security ID:  178587101

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director John McLernon

Management

For

For

1.2

Elect Director James Farrar

Management

For

For

1.3

Elect Director William Flatt

Management

For

For

1.4

Elect Director Sabah Mirza

Management

For

For

1.5

Elect Director Mark Murski

Management

For

For

1.6

Elect Director John Sweet

Management

For

For

2

Ratify KPMG LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

COUSINS PROPERTIES INCORPORATED
Meeting Date:  APR 27, 2021
Record Date:  FEB 26, 2021
Meeting Type:  ANNUAL

Ticker:  CUZ
Security ID:  222795502

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Charles T. Cannada

Management

For

For

1b

Elect Director Robert M. Chapman

Management

For

For

1c

Elect Director M. Colin Connolly

Management

For

For

1d

Elect Director Scott W. Fordham

Management

For

For

1e

Elect Director Lillian C. Giornelli

Management

For

For

1f

Elect Director R. Kent Griffin, Jr.

Management

For

For

1g

Elect Director Donna W. Hyland

Management

For

For

1h

Elect Director R. Dary Stone

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

CROWN CASTLE INTERNATIONAL CORP.
Meeting Date:  MAY 21, 2021
Record Date:  MAR 22, 2021
Meeting Type:  ANNUAL

Ticker:  CCI
Security ID:  22822V101

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director P. Robert Bartolo

Management

For

For

1b

Elect Director Jay A. Brown

Management

For

For

1c

Elect Director Cindy Christy

Management

For

For

1d

Elect Director Ari Q. Fitzgerald

Management

For

For

1e

Elect Director Andrea J. Goldsmith

Management

For

For

1f

Elect Director Lee W. Hogan

Management

For

For

1g

Elect Director Tammy K. Jones

Management

For

For

1h

Elect Director J. Landis Martin

Management

For

For

1i

Elect Director Anthony J. Melone

Management

For

For

1j

Elect Director W. Benjamin Moreland

Management

For

For

1k

Elect Director Kevin A. Stephens

Management

For

For

1l

Elect Director Matthew Thornton, III

Management

For

For

2

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

DOUGLAS EMMETT, INC.
Meeting Date:  MAY 27, 2021
Record Date:  MAR 29, 2021
Meeting Type:  ANNUAL

Ticker:  DEI
Security ID:  25960P109

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Dan A. Emmett

Management

For

For

1.2

Elect Director Jordan L. Kaplan

Management

For

For

1.3

Elect Director Kenneth M. Panzer

Management

For

For

1.4

Elect Director Leslie E. Bider

Management

For

For

1.5

Elect Director Dorene C. Dominguez

Management

For

For

1.6

Elect Director David T. Feinberg

Management

For

For

1.7

Elect Director Virginia A. McFerran

Management

For

For

1.8

Elect Director Thomas E. O'Hern

Management

For

For

1.9

Elect Director William E. Simon, Jr.

Management

For

Withhold

1.10

Elect Director Johnese M. Spisso

Management

For

For

2

Ratify Ernst & Young LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

Against

EQUINIX, INC.
Meeting Date:  MAY 26, 2021
Record Date:  APR 01, 2021
Meeting Type:  ANNUAL

Ticker:  EQIX
Security ID:  29444U700

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Thomas Bartlett

Management

For

For

1.2

Elect Director Nanci Caldwell

Management

For

For

1.3

Elect Director Adaire Fox-Martin

Management

For

For

1.4

Elect Director Gary Hromadko

Management

For

For

1.5

Elect Director Irving Lyons, III

Management

For

For

1.6

Elect Director Charles Meyers

Management

For

For

1.7

Elect Director Christopher Paisley

Management

For

For

1.8

Elect Director Sandra Rivera

Management

For

For

1.9

Elect Director Peter Van Camp

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

4

Reduce Ownership Threshold for Shareholders to Request Action by Written Consent

Shareholder

Against

Against

EQUITY LIFESTYLE PROPERTIES, INC.
Meeting Date:  APR 27, 2021
Record Date:  FEB 19, 2021
Meeting Type:  ANNUAL

Ticker:  ELS
Security ID:  29472R108

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Andrew Berkenfield

Management

For

For

1.2

Elect Director Derrick Burks

Management

For

For

1.3

Elect Director Philip Calian

Management

For

For

1.4

Elect Director David Contis

Management

For

For

1.5

Elect Director Constance Freedman

Management

For

For

1.6

Elect Director Thomas Heneghan

Management

For

For

1.7

Elect Director Marguerite Nader

Management

For

For

1.8

Elect Director Scott Peppet

Management

For

For

1.9

Elect Director Sheli Rosenberg

Management

For

For

1.10

Elect Director Samuel Zell

Management

For

For

2

Ratify Ernst & Young LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

EXTRA SPACE STORAGE INC.
Meeting Date:  MAY 26, 2021
Record Date:  MAR 29, 2021
Meeting Type:  ANNUAL

Ticker:  EXR
Security ID:  30225T102

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Kenneth M. Woolley

Management

For

For

1.2

Elect Director Joseph D. Margolis

Management

For

For

1.3

Elect Director Roger B. Porter

Management

For

For

1.4

Elect Director Joseph J. Bonner

Management

For

For

1.5

Elect Director Gary L. Crittenden

Management

For

For

1.6

Elect Director Spencer F. Kirk

Management

For

For

1.7

Elect Director Dennis J. Letham

Management

For

For

1.8

Elect Director Diane Olmstead

Management

For

For

1.9

Elect Director Julia Vander Ploeg

Management

For

For

2

Ratify Ernst & Young LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

HEALTHCARE REALTY TRUST INCORPORATED
Meeting Date:  MAY 11, 2021
Record Date:  MAR 12, 2021
Meeting Type:  ANNUAL

Ticker:  HR
Security ID:  421946104

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Todd J. Meredith

Management

For

For

1.2

Elect Director John V. Abbott

Management

For

For

1.3

Elect Director Nancy H. Agee

Management

For

For

1.4

Elect Director Edward H. Braman

Management

For

For

1.5

Elect Director Ajay Gupta

Management

For

For

1.6

Elect Director James J. Kilroy

Management

For

For

1.7

Elect Director Peter F. Lyle, Sr.

Management

For

For

1.8

Elect Director John Knox Singleton

Management

For

For

1.9

Elect Director Christann M. Vasquez

Management

For

For

2

Ratify BDO USA, LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

HEALTHPEAK PROPERTIES, INC.
Meeting Date:  APR 28, 2021
Record Date:  MAR 01, 2021
Meeting Type:  ANNUAL

Ticker:  PEAK
Security ID:  42250P103

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Brian G. Cartwright

Management

For

For

1b

Elect Director Christine N. Garvey

Management

For

For

1c

Elect Director R. Kent Griffin, Jr.

Management

For

For

1d

Elect Director David B. Henry

Management

For

For

1e

Elect Director Thomas M. Herzog

Management

For

For

1f

Elect Director Lydia H. Kennard

Management

For

For

1g

Elect Director Sara G. Lewis

Management

For

For

1h

Elect Director Katherine M. Sandstrom

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

HOST HOTELS & RESORTS, INC.
Meeting Date:  MAY 20, 2021
Record Date:  MAR 23, 2021
Meeting Type:  ANNUAL

Ticker:  HST
Security ID:  44107P104

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Mary L. Baglivo

Management

For

For

1.2

Elect Director Richard E. Marriott

Management

For

For

1.3

Elect Director Sandeep L. Mathrani

Management

For

For

1.4

Elect Director John B. Morse, Jr.

Management

For

For

1.5

Elect Director Mary Hogan Preusse

Management

For

For

1.6

Elect Director Walter C. Rakowich

Management

For

For

1.7

Elect Director James F. Risoleo

Management

For

For

1.8

Elect Director Gordon H. Smith

Management

For

For

1.9

Elect Director A. William Stein

Management

For

For

2

Ratify KPMG LLP as Auditor

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Amend Qualified Employee Stock Purchase Plan

Management

For

For

HUDSON PACIFIC PROPERTIES, INC.
Meeting Date:  MAY 20, 2021
Record Date:  MAR 22, 2021
Meeting Type:  ANNUAL

Ticker:  HPP
Security ID:  444097109

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Victor J. Coleman

Management

For

For

1.2

Elect Director Theodore R. Antenucci

Management

For

For

1.3

Elect Director Karen Brodkin

Management

For

For

1.4

Elect Director Richard B. Fried

Management

For

For

1.5

Elect Director Jonathan M. Glaser

Management

For

For

1.6

Elect Director Robert L. Harris, II

Management

For

Against

1.7

Elect Director Christy Haubegger

Management

For

For

1.8

Elect Director Mark D. Linehan

Management

For

For

1.9

Elect Director Barry A. Porter

Management

For

For

1.10

Elect Director Andrea Wong

Management

For

For

2

Amend Omnibus Stock Plan

Management

For

For

3

Ratify Ernst & Young LLP as Auditors

Management

For

For

4

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

Against

KILROY REALTY CORPORATION
Meeting Date:  MAY 20, 2021
Record Date:  MAR 08, 2021
Meeting Type:  ANNUAL

Ticker:  KRC
Security ID:  49427F108

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director John Kilroy

Management

For

For

1b

Elect Director Edward Brennan

Management

For

Against

1c

Elect Director Jolie Hunt

Management

For

For

1d

Elect Director Scott Ingraham

Management

For

For

1e

Elect Director Louisa Ritter

Management

For

For

1f

Elect Director Gary Stevenson

Management

For

For

1g

Elect Director Peter Stoneberg

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

Against

3

Amend Bylaws to Remove Independent Committee Approval Requirement Separately Governed by Related Party Transactions Policy

Management

For

For

4

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

LIFE STORAGE, INC.
Meeting Date:  MAY 27, 2021
Record Date:  MAR 30, 2021
Meeting Type:  ANNUAL

Ticker:  LSI
Security ID:  53223X107

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Mark G. Barberio

Management

For

For

1.2

Elect Director Joseph V. Saffire

Management

For

For

1.3

Elect Director Stephen R. Rusmisel

Management

For

For

1.4

Elect Director Arthur L. Havener, Jr.

Management

For

For

1.5

Elect Director Dana Hamilton

Management

For

For

1.6

Elect Director Edward J. Pettinella

Management

For

For

1.7

Elect Director David L. Rogers

Management

For

For

1.8

Elect Director Susan Harnett

Management

For

For

2

Ratify Ernst & Young LLP as Auditors

Management

For

For

3

Increase Authorized Common Stock

Management

For

For

4

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

MGM GROWTH PROPERTIES LLC
Meeting Date:  MAY 05, 2021
Record Date:  MAR 12, 2021
Meeting Type:  ANNUAL

Ticker:  MGP
Security ID:  55303A105

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Kathryn Coleman

Management

For

For

1b

Elect Director Charles Irving

Management

For

For

1c

Elect Director Paul Salem

Management

For

For

1d

Elect Director Thomas Roberts

Management

For

For

1e

Elect Director Daniel J. Taylor

Management

For

For

1f

Elect Director Corey Sanders

Management

For

For

1g

Elect Director John M. McManus

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

PROLOGIS, INC.
Meeting Date:  APR 29, 2021
Record Date:  MAR 08, 2021
Meeting Type:  ANNUAL

Ticker:  PLD
Security ID:  74340W103

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Hamid R. Moghadam

Management

For

For

1b

Elect Director Cristina G. Bita

Management

For

For

1c

Elect Director George L. Fotiades

Management

For

For

1d

Elect Director Lydia H. Kennard

Management

For

For

1e

Elect Director Irving F. Lyons, III

Management

For

For

1f

Elect Director Avid Modjtabai

Management

For

For

1g

Elect Director David P. O'Connor

Management

For

For

1h

Elect Director Olivier Piani

Management

For

For

1i

Elect Director Jeffrey L. Skelton

Management

For

For

1j

Elect Director Carl B. Webb

Management

For

For

1k

Elect Director William D. Zollars

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify KPMG LLP as Auditors

Management

For

For

QTS REALTY TRUST, INC.
Meeting Date:  MAY 04, 2021
Record Date:  MAR 08, 2021
Meeting Type:  ANNUAL

Ticker:  QTS
Security ID:  74736A103

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Chad L. Williams

Management

For

For

1.2

Elect Director John W. Barter

Management

For

For

1.3

Elect Director Joan A. Dempsey

Management

For

For

1.4

Elect Director Catherine R. Kinney

Management

For

For

1.5

Elect Director Peter A. Marino

Management

For

For

1.6

Elect Director Scott D. Miller

Management

For

For

1.7

Elect Director Mazen Rawashdeh

Management

For

For

1.8

Elect Director Wayne M. Rehberger

Management

For

For

1.9

Elect Director Philip P. Trahanas

Management

For

For

1.10

Elect Director Stephen E. Westhead

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Amend Omnibus Stock Plan

Management

For

For

4

Ratify Ernst & Young as Auditors

Management

For

For

REALTY INCOME CORPORATION
Meeting Date:  MAY 18, 2021
Record Date:  MAR 12, 2021
Meeting Type:  ANNUAL

Ticker:  O
Security ID:  756109104

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Kathleen R. Allen

Management

For

For

1b

Elect Director A. Larry Chapman

Management

For

For

1c

Elect Director Reginald H. Gilyard

Management

For

For

1d

Elect Director Priya Cherian Huskins

Management

For

For

1e

Elect Director Gerardo I. Lopez

Management

For

For

1f

Elect Director Michael D. McKee

Management

For

For

1g

Elect Director Gregory T. McLaughlin

Management

For

For

1h

Elect Director Ronald L. Merriman

Management

For

For

1i

Elect Director Sumit Roy

Management

For

For

2

Ratify KPMG LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Approve Omnibus Stock Plan

Management

For

For

REGENCY CENTERS CORPORATION
Meeting Date:  MAY 05, 2021
Record Date:  MAR 12, 2021
Meeting Type:  ANNUAL

Ticker:  REG
Security ID:  758849103

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Martin E. Stein, Jr.

Management

For

For

1b

Elect Director Joseph F. Azrack

Management

For

For

1c

Elect Director Bryce Blair

Management

For

For

1d

Elect Director C. Ronald Blankenship

Management

For

For

1e

Elect Director Deirdre J. Evens

Management

For

For

1f

Elect Director Thomas W. Furphy

Management

For

For

1g

Elect Director Karin M. Klein

Management

For

For

1h

Elect Director Peter D. Linneman

Management

For

For

1i

Elect Director David P. O'Connor

Management

For

For

1j

Elect Director Lisa Palmer

Management

For

For

1k

Elect Director Thomas G. Wattles

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify KPMG LLP as Auditors

Management

For

For

REXFORD INDUSTRIAL REALTY, INC.
Meeting Date:  JUN 17, 2021
Record Date:  APR 16, 2021
Meeting Type:  ANNUAL

Ticker:  REXR
Security ID:  76169C100

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Robert L. Antin

Management

For

For

1.2

Elect Director Michael S. Frankel

Management

For

For

1.3

Elect Director Diana J. Ingram

Management

For

For

1.4

Elect Director Debra L. Morris

Management

For

For

1.5

Elect Director Tyler H. Rose

Management

For

For

1.6

Elect Director Peter E. Schwab

Management

For

For

1.7

Elect Director Howard Schwimmer

Management

For

For

1.8

Elect Director Richard S. Ziman

Management

For

For

2

Ratify Ernst & Young LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Amend Omnibus Stock Plan

Management

For

For

RPT REALTY
Meeting Date:  APR 28, 2021
Record Date:  MAR 04, 2021
Meeting Type:  ANNUAL

Ticker:  RPT
Security ID:  74971D101

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Richard L. Federico

Management

For

For

1.2

Elect Director Arthur H. Goldberg

Management

For

For

1.3

Elect Director Brian L. Harper

Management

For

For

1.4

Elect Director Joanna T. Lau

Management

For

For

1.5

Elect Director David J. Nettina

Management

For

For

1.6

Elect Director Laurie M. Shahon

Management

For

For

1.7

Elect Director Andrea M. Weiss

Management

For

For

2

Ratify Grant Thornton LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

Against

4

Amend Omnibus Stock Plan

Management

For

For

RYMAN HOSPITALITY PROPERTIES, INC.
Meeting Date:  MAY 13, 2021
Record Date:  MAR 26, 2021
Meeting Type:  ANNUAL

Ticker:  RHP
Security ID:  78377T107

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Rachna Bhasin

Management

For

For

1b

Elect Director Alvin Bowles, Jr.

Management

For

For

1c

Elect Director Christian A. Brickman

Management

For

For

1d

Elect Director Fazal Merchant

Management

For

For

1e

Elect Director Patrick Moore

Management

For

For

1f

Elect Director Christine Pantoya

Management

For

For

1g

Elect Director Robert Prather, Jr.

Management

For

For

1h

Elect Director Colin Reed

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify Ernst & Young LLP as Auditor

Management

For

For

SBA COMMUNICATIONS CORPORATION
Meeting Date:  MAY 13, 2021
Record Date:  MAR 11, 2021
Meeting Type:  ANNUAL

Ticker:  SBAC
Security ID:  78410G104

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Mary S. Chan

Management

For

For

1.2

Elect Director George R. Krouse, Jr.

Management

For

For

2

Ratify Ernst & Young LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

SIMON PROPERTY GROUP, INC.
Meeting Date:  MAY 12, 2021
Record Date:  MAR 15, 2021
Meeting Type:  ANNUAL

Ticker:  SPG
Security ID:  828806109

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Glyn F. Aeppel

Management

For

For

1b

Elect Director Larry C. Glasscock

Management

For

For

1c

Elect Director Karen N. Horn

Management

For

For

1d

Elect Director Allan Hubbard

Management

For

For

1e

Elect Director Reuben S. Leibowitz

Management

For

For

1f

Elect Director Gary M. Rodkin

Management

For

For

1g

Elect Director Stefan M. Selig

Management

For

For

1h

Elect Director Daniel C. Smith

Management

For

For

1i

Elect Director J. Albert Smith, Jr.

Management

For

For

1j

Elect Director Marta R. Stewart

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify Ernst & Young LLP as Auditors

Management

For

For

SPIRIT REALTY CAPITAL, INC.
Meeting Date:  MAY 19, 2021
Record Date:  MAR 15, 2021
Meeting Type:  ANNUAL

Ticker:  SRC
Security ID:  84860W300

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Jackson Hsieh

Management

For

For

1.2

Elect Director Kevin M. Charlton

Management

For

For

1.3

Elect Director Todd A. Dunn

Management

For

For

1.4

Elect Director Elizabeth F. Frank

Management

For

For

1.5

Elect Director Michelle M. Frymire

Management

For

For

1.6

Elect Director Kristian M. Gathright

Management

For

For

1.7

Elect Director Richard I. Gilchrist

Management

For

For

1.8

Elect Director Diana M. Laing

Management

For

For

1.9

Elect Director Nicholas P. Shepherd

Management

For

For

1.10

Elect Director Thomas J. Sullivan

Management

For

For

2

Ratify Ernst & Young LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

Against

SUMMIT HOTEL PROPERTIES, INC.
Meeting Date:  MAY 13, 2021
Record Date:  MAR 05, 2021
Meeting Type:  ANNUAL

Ticker:  INN
Security ID:  866082100

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Daniel P. Hansen

Management

For

For

1b

Elect Director Bjorn R. L. Hanson

Management

For

For

1c

Elect Director Jeffrey W. Jones

Management

For

For

1d

Elect Director Kenneth J. Kay

Management

For

For

1e

Elect Director Jonathan P. Stanner

Management

For

For

1f

Elect Director Thomas W. Storey

Management

For