Sim2Real domain adaptation (DA) research focuses on the constrained setting of adapting from a labeled synthetic source domain to an unlabeled or sparsely labeled real target domain. However, for high-stakes applications (e.g. autonomous driving), it is common to have a modest amount of human-labeled real data in addition to plentiful auto-labeled source data (e.g. from a driving simulator). We study this setting of supervised sim2real DA applied to 2D object detection. We propose Domain Translation via Conditional Alignment and Reweighting (CARE) a novel algorithm that systematically exploits target labels to explicitly close the sim2real appearance and content gaps. We present an analytical justification of our algorithm and demonstrate strong gains over competing methods on standard benchmarks.