Reallocating rhymes with:
allocating, misallocating, allocating, complicating, misallocating, advocating, allocating, authenticating, communicating, complicating, deprecating, domesticating, educating, equivocating, eradicating, extricating, indicating, lubricating, misallocating, pontificating, predicating, prognosticating, reciprocating, self-deprecating, suffocating
Reallocating sounds like:
ralston's, realizations, reelecting, relegating, relocating, relocations, reluctance