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    <voteDescription>THE RATIFICATION OF THE APPOINTMENT OF DELOITTE &amp; TOUCHE LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2024.</voteDescription>
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    <voteDescription>RATIFICATION OF THE APPOINTMENT OF ERNST &amp; YOUNG LLP AS AMERICAN HOMES 4 RENTS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025.</voteDescription>
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    <voteDescription>ELECTION OF DIRECTOR: TERESA H. CLARKE</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteDescription>ELECTION OF DIRECTOR: KENNETH R. FRANK</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteDescription>ELECTION OF DIRECTOR: ROBERT D. HORMATS</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
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    <vote>
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        <sharesVoted>5200</sharesVoted>
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    <voteDescription>ELECTION OF DIRECTOR: RAJESH KALATHUR</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <vote>
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        <sharesVoted>5200</sharesVoted>
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    <voteDescription>ELECTION OF DIRECTOR: GRACE D. LIEBLEIN</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteDescription>ELECTION OF DIRECTOR: CRAIG MACNAB</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <vote>
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    <voteDescription>ELECTION OF DIRECTOR: NEVILLE R. RAY</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>5200</sharesVoted>
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    <vote>
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        <sharesVoted>5200</sharesVoted>
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    <voteDescription>ELECTION OF DIRECTOR: PAMELA D. A. REEVE</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <vote>
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        <sharesVoted>5200</sharesVoted>
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    <voteDescription>ELECTION OF DIRECTOR: BRUCE L. TANNER</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>5200</sharesVoted>
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    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>5200</sharesVoted>
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    <voteDescription>TO APPROVE, ON AN ADVISORY BASIS, THE COMPANYS EXECUTIVE COMPENSATION.</voteDescription>
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      <voteCategory>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>5200</sharesVoted>
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    <vote>
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        <sharesVoted>5200</sharesVoted>
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    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>TO RATIFY THE SELECTION OF DELOITTE &amp; TOUCHE LLP AS THE COMPANYS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2025.</voteDescription>
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    <vote>
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        <sharesVoted>5200</sharesVoted>
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    <voteDescription>ELECTION OF DIRECTOR: JOEL S. MARCUS</voteDescription>
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        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>4200</sharesVoted>
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    <vote>
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    <voteDescription>ELECTION OF DIRECTOR: STEVEN R. HASH</voteDescription>
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    <sharesVoted>4200</sharesVoted>
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    <vote>
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    <voteDescription>ELECTION OF DIRECTOR: CLAIRE ALDRIDGE</voteDescription>
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        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>4200</sharesVoted>
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    <vote>
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        <sharesVoted>4200</sharesVoted>
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    <voteDescription>ELECTION OF DIRECTOR: JAMES P. CAIN</voteDescription>
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    <sharesVoted>4200</sharesVoted>
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    <vote>
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        <sharesVoted>4200</sharesVoted>
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    <voteDescription>ELECTION OF DIRECTOR: MARIA C. FREIRE</voteDescription>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>4200</sharesVoted>
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    <vote>
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        <sharesVoted>4200</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <voteDescription>ELECTION OF DIRECTOR: RICHARD H. KLEIN</voteDescription>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>4200</sharesVoted>
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    <vote>
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        <sharesVoted>4200</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <voteDescription>ELECTION OF DIRECTOR: SHEILA K. MCGRATH</voteDescription>
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    <sharesVoted>4200</sharesVoted>
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    <vote>
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        <sharesVoted>4200</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <voteDescription>ELECTION OF DIRECTOR: MICHAEL A. WORONOFF</voteDescription>
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    <sharesVoted>4200</sharesVoted>
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    <vote>
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        <sharesVoted>4200</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <voteDescription>TO CONSIDER AND VOTE UPON THE AMENDMENT AND RESTATEMENT OF THE COMPANYS AMENDED AND RESTATED 1997 STOCK AWARD AND INCENTIVE PLAN.</voteDescription>
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    <sharesVoted>4200</sharesVoted>
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        <sharesVoted>4200</sharesVoted>
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    <voteDescription>TO CAST A NON-BINDING, ADVISORY VOTE ON A RESOLUTION TO APPROVE THE COMPENSATION OF THE COMPANYS NAMED EXECUTIVE OFFICERS, AS MORE PARTICULARLY DESCRIBED IN THE ACCOMPANYING PROXY STATEMENT.</voteDescription>
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    <vote>
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    <voteDescription>TO RATIFY THE APPOINTMENT OF ERNST &amp; YOUNG LLP AS THE COMPANYS INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025, AS MORE PARTICULARLY DESCRIBED IN THE ACCOMPANYING PROXY STATEMENT.</voteDescription>
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        <sharesVoted>4200</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US0152711091</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>TO CONSIDER AND VOTE UPON A STOCKHOLDER PROPOSAL TITLED SIMPLE MAJORITY VOTE&amp;QUOT. &amp;QUOT</voteDescription>
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        <categoryType>INVESTMENT COMPANY MATTERS</categoryType>
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    <vote>
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    <cusip>053484101</cusip>
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    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE 2026 ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS ARE ELECTED AND QUALIFY: GLYN F. AEPPEL</voteDescription>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>4000</sharesVoted>
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    <vote>
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        <sharesVoted>4000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US0534841012</isin>
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    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE 2026 ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS ARE ELECTED AND QUALIFY: TERRY S. BROWN</voteDescription>
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    <sharesVoted>4000</sharesVoted>
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    <vote>
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        <sharesVoted>4000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US0534841012</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE 2026 ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS ARE ELECTED AND QUALIFY: RONALD L. HAVNER, JR.</voteDescription>
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    <sharesVoted>4000</sharesVoted>
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    <vote>
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        <sharesVoted>4000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>AVALONBAY COMMUNITIES, INC.</issuerName>
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    <isin>US0534841012</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE 2026 ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS ARE ELECTED AND QUALIFY: STEPHEN P. HILLS</voteDescription>
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    <sharesVoted>4000</sharesVoted>
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    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>4000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>AVALONBAY COMMUNITIES, INC.</issuerName>
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    <isin>US0534841012</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE 2026 ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS ARE ELECTED AND QUALIFY: CHRISTOPHER B. HOWARD</voteDescription>
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    <sharesVoted>4000</sharesVoted>
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    <vote>
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        <sharesVoted>20000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>HEALTHCARE REALTY TRUST INCORPORATED</issuerName>
    <cusip>42226K105</cusip>
    <isin>US4312841087</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR: CONSTANCE B. MOORE</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>20000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>20000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>HEALTHCARE REALTY TRUST INCORPORATED</issuerName>
    <cusip>42226K105</cusip>
    <isin>US4312841087</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR: GLENN J. RUFRANO</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>20000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>20000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>HEALTHCARE REALTY TRUST INCORPORATED</issuerName>
    <cusip>42226K105</cusip>
    <isin>US4312841087</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR: CHRISTANN M. VASQUEZ</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>20000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>20000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>HEALTHCARE REALTY TRUST INCORPORATED</issuerName>
    <cusip>42226K105</cusip>
    <isin>US4312841087</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR: DONALD C. WOOD</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>20000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>20000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>HEALTHCARE REALTY TRUST INCORPORATED</issuerName>
    <cusip>42226K105</cusip>
    <isin>US4312841087</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>TO RATIFY THE APPOINTMENT OF BDO USA, P.C. AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY AND ITS SUBSIDIARIES FOR THE COMPANYS 2025 FISCAL YEAR.</voteDescription>
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      <voteCategory>
        <categoryType>AUDIT-RELATED</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>20000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>20000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>HEALTHCARE REALTY TRUST INCORPORATED</issuerName>
    <cusip>42226K105</cusip>
    <isin>US4312841087</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE FOLLOWING RESOLUTION: RESOLVED, THAT THE STOCKHOLDERS OF HEALTHCARE REALTY TRUST INCORPORATED APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS AS DISCLOSED PURSUANT TO ITEM 402 OF REGULATION S-K IN THE COMPANYS PROXY STATEMENT FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS.</voteDescription>
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      <voteCategory>
        <categoryType>COMPENSATION</categoryType>
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    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>20000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>20000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>DIRECTOR: MICHAEL D. FASCITELLI</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <howVoted>FOR: MICHAEL D. FASCITELLI</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>DIRECTOR: DALLAS B. TANNER</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR: DALLAS B. TANNER</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>DIRECTOR: JANA COHEN BARBE</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR: JANA COHEN BARBE</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>DIRECTOR: H. WYMAN HOWARD III</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR: H. WYMAN HOWARD III</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>DIRECTOR: JEFFREY E. KELTER</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR: JEFFREY E. KELTER</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>DIRECTOR: KELLYN SMITH KENNY</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR: KELLYN SMITH KENNY</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>DIRECTOR: JOSEPH D. MARGOLIS</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR: JOSEPH D. MARGOLIS</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>DIRECTOR: JOHN B. RHEA</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR: JOHN B. RHEA</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>DIRECTOR: F. A. SEVILLA-SACASA</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR: F. A. SEVILLA-SACASA</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>DIRECTOR: KEITH D. TAYLOR</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR: KEITH D. TAYLOR</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>TO RATIFY THE APPOINTMENT OF DELOITTE &amp; TOUCHE LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2025.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>AUDIT-RELATED</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>TO APPROVE, IN A NON-BINDING ADVISORY VOTE, THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>COMPENSATION</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>INVITATION HOMES INC.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46187W1071</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>TO DETERMINE, IN A NON-BINDING ADVISORY VOTE, THE FREQUENCY OF STOCKHOLDER VOTES TO APPROVE EXECUTIVE COMPENSATION.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>COMPENSATION</categoryType>
      </voteCategory>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>22625</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>1 YEAR</howVoted>
        <sharesVoted>22625</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVENTRUST PROPERTIES CORP.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46124J2015</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFY: STUART W. AITKEN</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>13000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>INVENTRUST PROPERTIES CORP.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46124J2015</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFY: AMANDA E. BLACK</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
      </voteCategory>
    </voteCategories>
    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>13000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVENTRUST PROPERTIES CORP.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46124J2015</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFY: DANIEL J. BUSCH</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>13000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>INVENTRUST PROPERTIES CORP.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46124J2015</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFY: SCOTT A. NELSON</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>13000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVENTRUST PROPERTIES CORP.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46124J2015</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFY: PAULA J. SABAN</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>13000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVENTRUST PROPERTIES CORP.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46124J2015</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFY: SMITA N. SHAH</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>13000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVENTRUST PROPERTIES CORP.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46124J2015</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFY: JULIE M. SWINEHART</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>13000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>INVENTRUST PROPERTIES CORP.</issuerName>
    <cusip>46187W107</cusip>
    <isin>US46124J2015</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>ELECTION OF DIRECTOR TO SERVE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFY: JULIAN E. WHITEHURST</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>13000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
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    <vote>
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    <vote>
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    <voteDescription>THE RATIFICATION OF THE SELECTION OF ERNST &amp; YOUNG LLP AS WELLTOWER INC.S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2025.</voteDescription>
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    <voteDescription>Election of Director: Edward B. Pitoniak</voteDescription>
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    <voteDescription>To ratify the appointment of Deloitte &amp; Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2025.</voteDescription>
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    <voteDescription>Election of Director to serve until the Annual Meeting of Stockholders to be held in the year 2026 and until his or her successor is duly elected and qualifies: Jeffrey T.Hanson</voteDescription>
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    <vote>
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    <voteDescription>Election of Director to serve until the Annual Meeting of Stockholders to be held in theyear 2026 and until his or her successor isduly elected and qualifies: Danny Prosky</voteDescription>
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    <vote>
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    <voteDescription>Election of Director to serve until the Annual Meeting of Stockholders to be held in theyear 2026 and until his or her successor isduly elected and qualifies: Mathieu B. Streiff</voteDescription>
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    <voteDescription>Election of Director to serve until the AnnualMeeting of Stockholders to be held in theyear 2026 and until his or her successor isduly elected and qualifies: Dianne Hurley</voteDescription>
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    <voteDescription>Election of Director to serve until the AnnualMeeting of Stockholders to be held in theyear 2026 and until his or her successor isduly elected and qualifies: ValerieRichardson</voteDescription>
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    <voteDescription>The ratification of the appointment ofDeloitte &amp; Touche LLP as our independentregistered public accounting firm for thefiscal year ending December 31, 2025.</voteDescription>
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    <voteDescription>To approve, on an advisory (non-binding)basis, the compensation paid to our namedexecutive officers for the year endedDecember 31, 2024.</voteDescription>
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    <voteDescription>To approve the American Healthcare REIT,Inc. 2025 Manager Equity Plan.</voteDescription>
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