-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TQR4uR8P5MMrzw41c3XN03maFaWp1oN5Y3fgwG8iltgtbnMzIfSUATCdsDpNF/GP
 /TXbwswdYSJB0tk7sKHcbA==

<SEC-DOCUMENT>0001079973-07-000790.txt : 20070907
<SEC-HEADER>0001079973-07-000790.hdr.sgml : 20070907
<ACCEPTANCE-DATETIME>20070907092527
ACCESSION NUMBER:		0001079973-07-000790
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070905
FILED AS OF DATE:		20070907
DATE AS OF CHANGE:		20070907

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAPITAL ALLIANCE INCOME TRUST REAL ESTATE & INVESTMENT TRUS
		CENTRAL INDEX KEY:			0001021422
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				943240473
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		100 PINE STREET
		STREET 2:		SUITE 2450
		CITY:			SAN FRANCISO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		415-288-9595

	MAIL ADDRESS:	
		STREET 1:		100 PINE STREET
		STREET 2:		SUITE 2450
		CITY:			SAN FRANCISO
		STATE:			CA
		ZIP:			94111

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Bronshvag Gregory D
		CENTRAL INDEX KEY:			0001410949

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12941
		FILM NUMBER:		071104408

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		415-298-4066

	MAIL ADDRESS:	
		STREET 1:		133 CENTER STREET
		CITY:			SAN RAFAEL
		STATE:			CA
		ZIP:			94901
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bronshvag_4ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-09-05</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001021422</issuerCik>
        <issuerName>CAPITAL ALLIANCE INCOME TRUST REAL ESTATE &amp; INVESTMENT TRUS</issuerName>
        <issuerTradingSymbol>CAA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001410949</rptOwnerCik>
            <rptOwnerName>Bronshvag Gregory D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>133 CENTER STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SAN RAFAEL</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Vice President, Secretary</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-09-05</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>100</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>5.30</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>800</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Gregory D. Bronshvag</signatureName>
        <signatureDate>2007-09-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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