UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF

DWS RREEF Real Estate Fund, Inc.

Investment Company Act file number 811-21172

DWS RREEF Real Estate Fund, Inc.

(Exact name of registrant as specified in charter)

 

One South Street

Baltimore, MD 21202

(Address of principal executive offices)             (Zip code)

John Millette

Secretary

Two International Place

Boston, MA 02110

(Name and address of agent for service)

Registrant's telephone number, including area code: 617-295-1000

Date of fiscal year end: 12/31

Date of reporting period: 7/1/06-6/30/07

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

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.


 

******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-21172
Reporting Period: 07/01/2006 - 06/30/2007
DWS RREEF Real Estate Fund, Inc.









===================== A   DWS RREEF REAL ESTATE FUND, INC. =====================


AMERICAN CAMPUS COMMUNITIES, INC.

Ticker:       ACC            Security ID:  024835100
Meeting Date: MAY 3, 2007    Meeting Type: Annual
Record Date:  MAR 16, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William C. Bayless Jr.     For       For        Management
1.2   Elect Director R.D. Burck                 For       For        Management
1.3   Elect Director G. Steven Dawson           For       For        Management
1.4   Elect Director Cydney C. Donnell          For       For        Management
1.5   Elect Director Edward Lowenthal           For       For        Management
1.6   Elect Director Brian B. Nickel            For       For        Management
1.7   Elect Director Scott H. Rechler           For       For        Management
1.8   Elect Director Winston W. Walker          For       For        Management
2     Ratify Auditors                           For       For        Management


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AMERICAN FINANCIAL REALTY TRUST

Ticker:       AFR            Security ID:  02607P305
Meeting Date: JUN 6, 2007    Meeting Type: Annual
Record Date:  APR 5, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard J. Berry           For       For        Management
1.2   Elect Director John R. Biggar             For       For        Management
1.3   Elect Director Raymond Garea              For       For        Management
1.4   Elect Director John P. Hollihan III       For       For        Management
1.5   Elect Director Richard A. Kraemer         For       For        Management
1.6   Elect Director Alan E. Master             For       For        Management
1.7   Elect Director Harold W. Pote             For       For        Management
1.8   Elect Director Lewis S. Ranieri           For       For        Management


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APARTMENT INVESTMENT & MANAGEMENT CO.

Ticker:       AIV            Security ID:  03748R101
Meeting Date: APR 30, 2007   Meeting Type: Annual
Record Date:  MAR 2, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James N. Bailey            For       For        Management
1.2   Elect Director Terry Considine            For       For        Management
1.3   Elect Director Richard S. Ellwood         For       For        Management
1.4   Elect Director Thomas L. Keltner          For       For        Management
1.5   Elect Director J. Landis Martin           For       For        Management
1.6   Elect Director Robert A. Miller           For       For        Management
1.7   Elect Director Thomas L. Rhodes           For       For        Management
1.8   Elect Director Michael A. Stein           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Approve Nonqualified Employee Stock       For       For        Management
      Purchase Plan


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ASHFORD HOSPITALITY TRUST INC.

Ticker:       AHT            Security ID:  044103109
Meeting Date: MAY 15, 2007   Meeting Type: Annual
Record Date:  MAR 19, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Archie Bennett, Jr.        For       For        Management
1.2   Elect Director Montgomery J. Bennett      For       For        Management
1.3   Elect Director Martin L. Edelman          For       For        Management
1.4   Elect Director W.D. Minami                For       For        Management
1.5   Elect Director W. Michael Murphy          For       For        Management
1.6   Elect Director Philip S. Payne            For       For        Management
1.7   Elect Director Charles P. Toppino         For       For        Management
2     Ratify Auditors                           For       For        Management


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AVALONBAY COMMUNITIES, INC.

Ticker:       AVB            Security ID:  053484101
Meeting Date: MAY 16, 2007   Meeting Type: Annual
Record Date:  FEB 28, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Bryce Blair                For       For        Management
1.2   Elect Director Bruce A. Choate            For       For        Management
1.3   Elect Director John J. Healy, Jr.         For       For        Management
1.4   Elect Director Gilbert M. Meyer           For       For        Management
1.5   Elect Director Timothy J. Naughton        For       For        Management
1.6   Elect Director Lance R. Primis            For       For        Management
1.7   Elect Director H. Jay Sarles              For       For        Management
1.8   Elect Director Allan D. Schuster          For       For        Management
1.9   Elect Director Amy P. Williams            For       For        Management
2     Ratify Auditors                           For       For        Management


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CRYSTAL RIVER CAPITAL, INC.

Ticker:       CRZ            Security ID:  229393103
Meeting Date: NOV 9, 2006    Meeting Type: Annual
Record Date:  OCT 4, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Bruce K. Robertson         For       For        Management
1.2   Elect Director Janet Graham               For       For        Management
1.3   Elect Director Harald Hansen              For       For        Management
2     Ratify Auditors                           For       For        Management


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CRYSTAL RIVER CAPITAL, INC.

Ticker:       CRZ            Security ID:  229393103
Meeting Date: JUN 12, 2007   Meeting Type: Annual
Record Date:  MAY 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William F. Paulsen         For       For        Management
1.2   Elect Director Louis P. Salvatore         For       For        Management
2     Ratify Auditors                           For       For        Management


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DIAMONDROCK HOSPITALITY COMPANY

Ticker:       DRH            Security ID:  252784301
Meeting Date: APR 26, 2007   Meeting Type: Annual
Record Date:  MAR 23, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William W. McCarten        For       For        Management
1.2   Elect Director Daniel J. Altobello        For       For        Management
1.3   Elect Director W. Robert Grafton          For       For        Management
1.4   Elect Director Maureen L. McAvey          For       For        Management
1.5   Elect Director Gilbert T. Ray             For       For        Management
1.6   Elect Director John L. Williams           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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DIGITAL REALTY TRUST INC.

Ticker:       DLR            Security ID:  253868103
Meeting Date: MAY 2, 2007    Meeting Type: Annual
Record Date:  MAR 5, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard A. Magnuson        For       For        Management
1.2   Elect Director Michael F. Foust           For       For        Management
1.3   Elect Director Laurence A. Chapman        For       For        Management
1.4   Elect Director Kathleen Earley            For       For        Management
1.5   Elect Director Ruann F. Ernst, Ph.D.      For       For        Management
1.6   Elect Director Dennis E. Singleton        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


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EAGLE HOSPITALITY PROPERTIES TRUST, INC.

Ticker:       EHP            Security ID:  26959T102
Meeting Date: MAY 1, 2007    Meeting Type: Proxy Contest
Record Date:  MAR 15, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William P. Butler          For       Did Not    Management
                                                          Vote
1.2   Elect Director J. William Blackham        For       Did Not    Management
                                                          Vote
1.3   Elect Director Robert J. Kohlhepp         For       Did Not    Management
                                                          Vote
1.4   Elect Director Frank C. McDowell          For       Did Not    Management
                                                          Vote
1.5   Elect Director Louis D. George            For       Did Not    Management
                                                          Vote
1.6   Elect Director Thomas R. Engel            For       Did Not    Management
                                                          Vote
1.7   Elect Director Thomas E. Costello         For       Did Not    Management
                                                          Vote
1.8   Elect Director Thomas E. Banta            For       Did Not    Management
                                                          Vote
1.9   Elect Director Paul S. Fisher             For       Did Not    Management
                                                          Vote
2     Ratify Auditors                           For       Did Not    Management
                                                          Vote
1     Elect Director William P. Butler          None      Did Not    Management
                                                          Vote
2     Elect Director J. William Blackham        None      Did Not    Management
                                                          Vote
3     Elect Director Robert J. Kohlhepp         None      Did Not    Management
                                                          Vote
4     Elect Director Frank C. McDowell          None      Did Not    Management
                                                          Vote
5     Elect Director Louis D. George            None      Did Not    Management
                                                          Vote
6     Elect Director Thomas R. Engel            None      Did Not    Management
                                                          Vote
7     Elect Director Thomas E. Costello         None      Did Not    Management
                                                          Vote
8     Elect Director Thomas E. Banta            None      Did Not    Management
                                                          Vote
9     Elect Director Paul S. Fisher             None      Did Not    Management
                                                          Vote
10    Ratify Auditors                           None      Did Not    Management
                                                          Vote
11    Maximize Shareholder Value                For       Did Not    Shareholder
                                                          Vote


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

FELCOR LODGING TRUST INCORPORATED

Ticker:       FCH            Security ID:  31430F101
Meeting Date: MAY 22, 2007   Meeting Type: Annual
Record Date:  APR 2, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Melinda J. Bush            For       For        Management
1.2   Elect Director Charles A. Ledsinger, Jr.  For       For        Management
1.3   Elect Director Robert H. Lutz, Jr.        For       For        Management
1.4   Elect Director Robert F. Cotter           For       For        Management
1.5   Elect Director Thomas C. Hendrick         For       For        Management
2     Ratify Auditors                           For       For        Management


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

FIRST INDUSTRIAL REALTY TRUST, INC.

Ticker:       FR             Security ID:  32054K103
Meeting Date: MAY 16, 2007   Meeting Type: Annual
Record Date:  MAR 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jay H. Shidler             For       For        Management
1.2   Elect Director J. Steven Wilson           For       For        Management
1.3   Elect Director Robert D. Newman           For       For        Management
2     Amend Omnibus Stock Plan                  For       Against    Management
3     Ratify Auditors                           For       For        Management


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

GLENBOROUGH REALTY TRUST INC.

Ticker:       GLB            Security ID:  37803P105
Meeting Date: NOV 28, 2006   Meeting Type: Special
Record Date:  OCT 12, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Other Business                            For       Against    Management


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

GLIMCHER REALTY TRUST

Ticker:       GRT            Security ID:  379302102
Meeting Date: MAY 11, 2007   Meeting Type: Annual
Record Date:  MAR 9, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Niles C. Overly            For       For        Management
1.2   Elect Director William S. Williams        For       For        Management
1.3   Elect Director David M. Aronowitz         For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

GMH COMMUNITIES TRUST

Ticker:       GCT            Security ID:  36188G102
Meeting Date: SEP 6, 2006    Meeting Type: Annual
Record Date:  AUG 2, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee Frederick F. Buchholz       For       For        Management
1.2   Elect Trustee James W. Eastwood           For       For        Management
1.3   Elect Trustee Michael D. Fascitelli       For       For        Management
1.4   Elect Trustee Gary M. Holloway, Sr.       For       For        Management
1.5   Elect Trustee Steven J. Kessler           For       For        Management
1.6   Elect Trustee Denis J. Nayden             For       For        Management
1.7   Elect Trustee Dennis J. O'Leary           For       For        Management
1.8   Elect Trustee Bruce F. Robinson           For       For        Management
1.9   Elect Trustee Richard A. Silfen           For       For        Management


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

HERSHA HOSPITALITY TRUST

Ticker:       HT             Security ID:  427825104
Meeting Date: MAY 24, 2007   Meeting Type: Annual
Record Date:  MAR 30, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee Hasu P. Shah                For       For        Management
1.2   Elect Trustee Michael A. Leven            For       For        Management
1.3   Elect Trustee Kiran P. Patel              For       For        Management
1.4   Elect Trustee John M. Sabin               For       For        Management
2     Ratify Auditors                           For       For        Management


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

HIGHWOODS PROPERTIES, INC.

Ticker:       HIW            Security ID:  431284108
Meeting Date: AUG 3, 2006    Meeting Type: Annual
Record Date:  JUN 1, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Thomas W. Adler            For       For        Management
1.2   Elect Director Gene H. Anderson           For       For        Management
1.3   Elect Director Kay N. Callison            For       For        Management
1.4   Elect Director Sherry A. Kellett          For       For        Management
1.5   Elect Director L. Glenn Orr, Jr.          For       For        Management
1.6   Elect Director O. Temple Sloan, Jr.       For       For        Management
2     Ratify Auditors                           For       For        Management


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

HIGHWOODS PROPERTIES, INC.

Ticker:       HIW            Security ID:  431284108
Meeting Date: MAY 18, 2007   Meeting Type: Annual
Record Date:  MAR 9, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Edward J. Fritsch          For       For        Management
1.2   Elect Director Lawrence A. Kaplan         For       For        Management
1.3   Elect Director Sherry A. Kellett          For       For        Management
2     Ratify Auditors                           For       For        Management


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

HOME PROPERTIES  INC

Ticker:       HME            Security ID:  437306103
Meeting Date: MAY 1, 2007    Meeting Type: Annual
Record Date:  MAR 8, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Josh E. Fidler             For       For        Management
1.2   Elect Director Alan L. Gosule             For       For        Management
1.3   Elect Director Leonard F. Helbig, III     For       For        Management
1.4   Elect Director Roger W. Kober             For       For        Management
1.5   Elect Director Norman P. Leenhouts        For       For        Management
1.6   Elect Director Nelson B. Leenhouts        For       For        Management
1.7   Elect Director Edward J. Pettinella       For       For        Management
1.8   Elect Director Clifford W. Smith, Jr.     For       For        Management
1.9   Elect Director Paul L. Smith              For       For        Management
1.10  Elect Director Thomas S. Summer           For       For        Management
1.11  Elect Director Amy L. Tait                For       For        Management
2     Ratify Auditors                           For       For        Management


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

HOSPITALITY PROPERTIES TRUST

Ticker:       HPT            Security ID:  44106M102
Meeting Date: MAY 15, 2007   Meeting Type: Annual
Record Date:  MAR 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director William A. Lamkin          For       For        Management
2     Amend Declaration of Trust--Election of   For       Against    Management
      Trustees
3     Amend Declaration of Trust--Amend         For       Against    Management
      Declaration of Trust-(a)Amend
      Trust(i)Qualification of
      Trustees,(ii)Policies(iii)Restrictions,
      (iv)Special voting rights,business
      combinations(v)Provisions governing
      amendments to trust(b)Termination of
      Trust
4     Amend Declaration of Trust--Authorize     For       Against    Management
      Board to divide or combine the oustanding
      shares, any class or series without
      shareholder vote.
5     Amend Declaration of Trust--Any           For       For        Management
      shareholder violating Declaration of
      Trust will indemnify and hold us harmless
      from all costs, expense, penalties and
      fines, together with interest on such
      amounts.
6     Adjourn Meeting                           For       Against    Management


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

HRPT PROPERTIES TRUST

Ticker:       HRP            Security ID:  40426W101
Meeting Date: MAY 15, 2007   Meeting Type: Annual
Record Date:  MAR 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Patrick F. Donelan         For       For        Management
2     Amend Declaration of Trust - Election of  For       Against    Management
      Trustees
3     Amend Declaration of Trust-(a)Amend       For       Against    Management
      Trust(i)Qualification of
      Trustees,(ii)Policies(iii)Restrictions,
      (iv)Special voting rights,business
      combinations(v)Provisions governing
      amendments to trust(b)Termination of
      Trust
4     Amend Declaration of Trust--Authorize     For       Against    Management
      Board to Divide or Combine Outstanding
      Shares, any class or series, without
      shareholder vote to the extent permitted
      by Maryland Law.
5     Amend Declaration of Trust--Any           For       For        Management
      shareholder violating Declaration of
      Trust will indemnify and hold us harmless
      from all costs, expense, penalties and
      fines, together with interest on such
      amounts.
6     Amend Declaration of Trust--Permit        For       For        Management
      Issuance of Securities redeemable at the
      option of holders.
7     Adjourn Meeting                           For       Against    Management


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

INLAND REAL ESTATE CORPORATION

Ticker:       IRC            Security ID:  457461200
Meeting Date: JUN 20, 2007   Meeting Type: Annual
Record Date:  APR 23, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Roland W. Burris           For       For        Management
1.2   Elect Director Thomas P. D'Arcy           For       For        Management
1.3   Elect Director Daniel L. Goodwin          For       For        Management
1.4   Elect Director Joel G. Herter             For       For        Management
1.5   Elect Director Heidi N. Lawton            For       For        Management
1.6   Elect Director Thomas H. Mcauley          For       For        Management
1.7   Elect Director Thomas R. Mcwilliams       For       For        Management
1.8   Elect Director Robert D. Parks            For       For        Management
1.9   Elect Director Joel D. Simmons            For       For        Management
2     Ratify Auditors                           For       For        Management


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

INNKEEPERS USA TRUST

Ticker:       KPA            Security ID:  4576J0104
Meeting Date: MAY 2, 2007    Meeting Type: Annual
Record Date:  MAR 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Randall L. Churchey        For       For        Management
1.2   Elect Director Jack P. Deboer             For       For        Management
1.3   Elect Director Joel F. Zemans             For       For        Management
2     Ratify Auditors                           For       For        Management


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

ISTAR FINANCIAL INC.

Ticker:       SFI            Security ID:  45031U101
Meeting Date: MAY 30, 2007   Meeting Type: Annual
Record Date:  APR 2, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jay Sugarman               For       For        Management
1.2   Elect Director Glenn R. August            For       For        Management
1.3   Elect Director Robert W. Holman, Jr.      For       For        Management
1.4   Elect Director Robin Josephs              For       For        Management
1.5   Elect Director Carter McClelland          For       For        Management
1.6   Elect Director John G. McDonald           For       For        Management
1.7   Elect Director George R. Puskar           For       For        Management
1.8   Elect Director Jeffrey A. Weber           For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management


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

LEXINGTON CORPORATE PROPERTIES TRUST

Ticker:       LXP            Security ID:  529043101
Meeting Date: NOV 20, 2006   Meeting Type: Special
Record Date:  OCT 13, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       Against    Management


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

LEXINGTON REALTY TRUST

Ticker:       LXP            Security ID:  529043101
Meeting Date: MAY 22, 2007   Meeting Type: Annual
Record Date:  MAR 23, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael L. Ashner          For       For        Management
1.2   Elect Director E. Robert Roskind          For       For        Management
1.3   Elect Director Richard J. Rouse           For       For        Management
1.4   Elect Director T. Wilson Eglin            For       For        Management
1.5   Elect Director William J. Borruso         For       For        Management
1.6   Elect Director Clifford Broser            For       For        Management
1.7   Elect Director Geoffrey Dohrmann          For       For        Management
1.8   Elect Director Carl D. Glickman           For       For        Management
1.9   Elect Director James Grosfeld             For       For        Management
1.10  Elect Director Richard Frary              For       For        Management
1.11  Elect Director Kevin W. Lynch             For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management
4     Other Business                            For       Against    Management


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

LIBERTY PROPERTY TRUST

Ticker:       LRY            Security ID:  531172104
Meeting Date: MAY 17, 2007   Meeting Type: Annual
Record Date:  MAR 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director J. Anthony Hayden          For       For        Management
1.2   Elect Director M. Leanne Lachman          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


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

MACERICH CO., THE

Ticker:       MAC            Security ID:  554382101
Meeting Date: MAY 30, 2007   Meeting Type: Annual
Record Date:  MAR 13, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Edward C. Coppola          For       For        Management
1.2   Elect Director Fred S. Hubbell            For       For        Management
1.3   Elect Director William P. Sexton          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder


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

MACK-CALI REALTY CORP.

Ticker:       CLI            Security ID:  554489104
Meeting Date: MAY 23, 2007   Meeting Type: Annual
Record Date:  APR 5, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Alan S. Bernikow           For       For        Management
1.2   Elect Director Kenneth M. Duberstein      For       For        Management
1.3   Elect Director Vincent Tese               For       For        Management
1.4   Elect Director Roy J. Zuckerberg          For       For        Management
2     Ratify Auditors                           For       For        Management


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

NORTHSTAR REALTY FINANCE CORP

Ticker:       NRF            Security ID:  66704R100
Meeting Date: MAY 24, 2007   Meeting Type: Annual
Record Date:  APR 24, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William V. Adamski         For       For        Management
1.2   Elect Director Preston C. Butcher         For       For        Management
1.3   Elect Director David T. Hamamoto          For       For        Management
1.4   Elect Director Judith A. Hannaway         For       For        Management
1.5   Elect Director Wesley D. Minami           For       For        Management
1.6   Elect Director Louis J. Paglia            For       For        Management
1.7   Elect Director W. Edward Scheetz          For       For        Management
1.8   Elect Director Frank V. Sica              For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


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

OMEGA HEALTHCARE INVESTORS, INC.

Ticker:       OHI            Security ID:  681936100
Meeting Date: MAY 24, 2007   Meeting Type: Annual
Record Date:  APR 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Edward Lowenthal           For       For        Management
1.2   Elect Director Stephen D. Plavin          For       For        Management
2     Ratify Auditors                           For       For        Management


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

PUBLIC STORAGE, INC.

Ticker:       PSA            Security ID:  74460D729
Meeting Date: AUG 22, 2006   Meeting Type: Annual
Record Date:  JUN 23, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2.1   Elect Director B. Wayne Hughes            For       For        Management
2.2   Elect Director Ronald L. Havner, Jr.      For       For        Management
2.3   Elect Director Harvey Lenkin              For       For        Management
2.4   Elect Director Robert J. Abernethy        For       For        Management
2.5   Elect Director Dann V. Angeloff           For       For        Management
2.6   Elect Director William C. Baker           For       For        Management
2.7   Elect Director John T. Evans              For       For        Management
2.8   Elect Director Uri P. Harkham             For       For        Management
2.9   Elect Director B. Wayne Hughes, Jr.       For       For        Management
2.10  Elect Director Daniel C. Staton           For       For        Management
3     Ratify Auditors                           For       For        Management
4     Adjourn Meeting                           For       Against    Management


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

PUBLIC STORAGE, INC.

Ticker:       PSA            Security ID:  74460D729
Meeting Date: MAY 3, 2007    Meeting Type: Annual
Record Date:  MAR 23, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director B. Wayne Hughes            For       For        Management
1.2   Elect Director Ronald L. Havner, Jr.      For       For        Management
1.3   Elect Director Dann V. Angeloff           For       For        Management
1.4   Elect Director William C. Baker           For       For        Management
1.5   Elect Director John T. Evans              For       For        Management
1.6   Elect Director Uri P. Harkham             For       For        Management
1.7   Elect Director B. Wayne Hughes, Jr.       For       For        Management
1.8   Elect Director Harvey Lenkin              For       For        Management
1.9   Elect Director Gary E. Pruitt             For       For        Management
1.10  Elect Director Daniel C. Staton           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Change State of Incorporation [From       For       Against    Management
      California Corporation to Maryland Real
      Estate Investment Trust]
5     Adjourn Meeting                           For       Against    Management


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

REALTY INCOME CORP.

Ticker:       O              Security ID:  756109104
Meeting Date: MAY 15, 2007   Meeting Type: Annual
Record Date:  MAR 15, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Kathleen R. Allen          For       For        Management
1.2   Elect Director Donald R. Cameron          For       For        Management
1.3   Elect Director William E. Clark, Jr.      For       For        Management
1.4   Elect Director Roger P. Kuppinger         For       For        Management
1.5   Elect Director Thomas A. Lewis            For       For        Management
1.6   Elect Director Michael D. Mckee           For       For        Management
1.7   Elect Director Ronald L. Merriman         For       For        Management
1.8   Elect Director Willard H. Smith Jr        For       For        Management


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

REGENCY CENTERS CORP.

Ticker:       REG            Security ID:  758849103
Meeting Date: MAY 1, 2007    Meeting Type: Annual
Record Date:  MAR 7, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Martin E. Stein, Jr.       For       For        Management
1.2   Elect Director Raymond L. Bank            For       For        Management
1.3   Elect Director C. Ronald Blankenship      For       For        Management
1.4   Elect Director A.R. Carpenter             For       For        Management
1.5   Elect Director J. Dix Druce               For       For        Management
1.6   Elect Director Mary Lou Fiala             For       For        Management
1.7   Elect Director Bruce M. Johnson           For       For        Management
1.8   Elect Director Douglas S. Luke            For       For        Management
1.9   Elect Director John C. Schweitzer         For       For        Management
1.10  Elect Director Thomas G. Wattles          For       For        Management
1.11  Elect Director Terry N. Worrell           For       For        Management
2     Ratify Auditors                           For       For        Management


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

SENIOR HOUSING PROPERTIES TRUST

Ticker:       SNH            Security ID:  81721M109
Meeting Date: MAY 30, 2007   Meeting Type: Annual
Record Date:  MAR 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John L. Harrington         For       For        Management
1.2   Elect Director Adam D. Portnoy            For       For        Management
2     Amend Declaration of Trust to             For       Against    Management
      Change/Provide Required Shareholder Vote
      For Certain Actions
3     Amend Declaration of Trust To Indemnify   For       For        Management
      The Trust
4     Adjourn Meeting                           For       Against    Management


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

SIMON PROPERTY GROUP, INC.

Ticker:       SPG            Security ID:  828806109
Meeting Date: MAY 10, 2007   Meeting Type: Annual
Record Date:  MAR 9, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Birch Bayh                 For       For        Management
1.2   Elect Director Melvyn E. Bergstein        For       For        Management
1.3   Elect Director Linda Walker Bynoe         For       For        Management
1.4   Elect Director Karen N. Horn, Ph.D.       For       For        Management
1.5   Elect Director Reuben S. Leibowitz        For       For        Management
1.6   Elect Director J. Albert Smith, Jr.       For       For        Management
1.7   Elect Director Pieter S. van den Berg     For       For        Management
2     Ratify Auditors                           For       For        Management
3     Pay for Superior Performance              Against   Against    Shareholder
4     Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation
5     Submit Severance Agreement (Change in     Against   Against    Shareholder
      Control) to shareholder Vote


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

VENTAS, INC.

Ticker:       VTR            Security ID:  92276F100
Meeting Date: MAY 16, 2007   Meeting Type: Annual
Record Date:  MAR 19, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Debra A. Cafaro            For       For        Management
1.2   Elect Director Douglas Crocker, II        For       For        Management
1.3   Elect Director Jay M. Gellert             For       For        Management
1.4   Elect Director Ronald G. Geary            For       For        Management
1.5   Elect Director Christopher T. Hannon      For       For        Management
1.6   Elect Director Sheli Z. Rosenberg         For       For        Management
1.7   Elect Director Thomas C. Theobald         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Amend Stock Ownership Limitations         For       Against    Management

========== END NPX REPORT


SIGNATURES

[See General Instruction F]

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)

DWS RREEF Real Estate Fund, Inc.

 

By (Signature and Title)* /s/Michael G. Clark

 

Michael G. Clark, Chief Executive Officer

Date 8/22/07

* Print the name and title of each signing officer under his or her signature.