Exhibit 4.1


 


	
        NUMBER

        ARR.            
	SHARES


 


 


WEST COAST REALTY TRUST, INC.


 


INCORPORATED UNDER THE LAWS OF THE STATE
OF MARYLAND 


 


COMMON STOCK 


 


SEE REVERSE FOR CERTAIN DEFINITIONS 


AND IMPORTANT NOTICE ON TRANSFER 


RESTRICTIONS AND OTHER INFORMATION 


 


	 	CUSIP                     
	This Certifies that	 
	 	 
	is the owner of	 


 


FULLY PAID AND NON-ASSESSABLE SHARES
OF THE PAR VALUE OF $.01 EACH OF THE COMMON STOCK OF 


 


WEST COAST REALTY TRUST, INC.


 


transferable on the books of the Corporation
in person or by duly authorized attorney upon surrender of this certificate properly endorsed. 


This Certificate and the Shares represented
hereby are issued and shall be subject to all of the provisions of the charter and bylaws of the Corporation, 


each as may be amended from time to time
(copies of which are on file with the Corporation and the transfer agent), 


to all of which the Holder by acceptance
hereof assents. 


This certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar. 


Witness the facsimile seal of the Corporation
and the facsimile signatures of its duly authorized officers. 


 


Dated: 


 


	 	 	 
	President	 	Secretary


 



    	 



    	 



    

  


The following abbreviations, when used
in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:





	 	 	 	 	 
	TEN COM           -	as tenants in common	 	UNIF GIFT MIN ACT   -	           Custodian           
	TEN ENT            -	as tenants by the entireties	 	 	  (Cust)                 (Minor)
	JT TEN                -	as joint tenants with right of 

survivorship and not as tenants in 

common	 	 	under Uniform Gifts to Minors Act                     


 


Additional Abbreviations may also be used
though not in the above list.


 


WEST COAST REALTY TRUST, INC.


 


The Corporation will furnish to any stockholder,
on request and without charge, a full statement of the information required by Section 2-211(b) of the Corporations and Associations
Article of the Annotated Code of Maryland with respect to the designations and any preferences, conversion and other rights, voting
powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemptions
of the stock of each class which the Corporation has authority to issue and, if the Corporation is authorized to issue any preferred
or special class in series, (i) the differences in the relative rights and preferences between the shares of each series to
the extent set, and (ii) the authority of the Board of Directors to set such rights and preferences of subsequent series.
Such request must be made to the Secretary of the Corporation at its principal office.


 


The shares represented by this certificate
are subject to restrictions on Beneficial Ownership and Constructive Ownership and Transfer for the purpose of the Corporation’s
maintenance of its qualification as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). Subject
to certain further restrictions and except as expressly provided in the Corporation’s Charter, (i) no Person may Beneficially
Own or Constructively Own shares of the Corporation’s Common Stock in excess of 9.8 percent (in value or number of shares)
of the outstanding shares of Common Stock of the Corporation unless such Person is an Excepted Holder (in which case the Excepted
Holder Limit shall be applicable); (ii) no Person may Beneficially Own or Constructively Own shares of Capital Stock of the
Corporation in excess of 9.8 percent (in value or number of shares) of the total outstanding shares of Capital Stock of the Corporation,
unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be applicable); (iii) no Person may
Beneficially Own or Constructively Own Capital Stock that would result in the Corporation being “closely held” under
Section 856(h) of the Code or otherwise cause the Corporation to fail to qualify as a REIT; and (iv) no Person may Transfer
shares of Capital Stock if such Transfer would result in the Capital Stock of the Corporation being owned by fewer than 100 Persons.
Any Person who Beneficially Owns or Constructively Owns or attempts to Beneficially Own or Constructively Own shares of Capital
Stock which causes or will cause a Person to Beneficially Own or Constructively Own shares of Capital Stock in excess or in violation
of the above limitations must immediately notify the Corporation. If the restrictions on transfer or ownership provided in (i),
(ii) or (iii) above are violated, the shares of Capital Stock in excess or in violation of the above limitations will
be automatically transferred to a Trustee of a Trust for the benefit of one or more Charitable Beneficiaries. In addition, the
Corporation may redeem shares upon the terms and conditions specified by the Board of Directors in its sole discretion if the Board
of Directors determines that ownership or a Transfer or other event may violate the restrictions described above. Furthermore,
if the ownership restriction provided in (iv) above would be violated or upon the occurrence of certain events, attempted
Transfers in violation of the restrictions described above may be void ab initio. All capitalized terms in this legend have the
meanings defined in the Charter of the Corporation, as the same may be amended from time to time, a copy of which, including the
restrictions on transfer and ownership, will be furnished to each holder of Capital Stock of the Corporation on request and without
charge. Requests for such a copy may be directed to the Secretary of the Corporation at its principal office.


 



    	 



    	 



    

 


For value received,                                                                        hereby
sell, assign and transfer unto 





	 	 	 
	 	PLEASE INSERT SOCIAL SECURITY OR OTHER

 IDENTIFYING NUMBER OF ASSIGNEE	 
	 	 	 


 


	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)


 



    	 



    	 



    

 


                                                                                                                                                             shares


of the common stock represented by the within Certificate,
and do hereby irrevocably constitute and appoint 


                                                                                                 Attorney


to transfer the said stock on the books of the within named
Corporation will fill power of substitution in the premises.


 


Dated                         


 


                                                                                                                                                


Notice:  The signature to this assignment must correspond
with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change
whatever.


 


Signature(s) Guaranteed:


 


	 	 
	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION	 
	(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH	 
	MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,	 
	PURSUANT TO S.E.C. RULE 17Ad-15).	 


 


KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN,
OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.