Exhibit
4.2




	
  

  	
  INVESTOR
  INSTRUCTIONS FOR NON-RETIREMENT ACCOUNTS INITIAL INVESTMENT SUBSCRIPTION
  ELIGIBILITY FORM & ACCOUNT APPLICATION Important Information About
  Procedures for Opening an Account All items on this form must be completed in
  order to process your application. Please note that Clarion Partners Property
  Trust ("the Company"), its agents and participating broker-dealers
  are required by law to obtain, verify and record certain personal information
  obtained from you, or persons on your behalf, in order to establish your
  account. We may also ask for other identifying documents or financial
  information relevant to a suitability assessment. If you do not provide the
  information, we may not be able to open your account. Certain broker-dealers
  may require supplementary disclosure materials, additional forms or
  documentation. Failure to provide all requested information may delay the
  completion of your investment. The Company and its agents accept no
  responsibility for trading losses associated with delays in receiving
  information. Subscriptions will be effective only upon the Company's
  acceptance, and the Company reserves the right to reject any subscription in
  whole or in part. SECTION 1. INVESTMENT In order to invest in the Company, a
  minimum investment amount of $10,000 is required for initial share purchases.
  We only accept checks drawn from a U.S. bank account or wired funds from a
  U.S. financial institution (ACH network member). We do not accept money
  orders, traveler's checks, starter checks, foreign checks, counter checks,
  third-party checks or cash. Please consult with your financial advisor/RIA
  and check one of share class options that pertain to the account type and
  commission structure for your investment. The Prospectus contains additional
  information regarding the different share classes. If no option is selected,
  then your investment will be in Class A shares. SECTION 2. ACCOUNT
  REGISTRATION Please select one account type under which the account will be
  registered and attach any applicable documentation. To the extent that shares
  of the Company are purchased for the benefit of a minor under UGMA /UTMA, the
  minor will be required to complete a Subscription Eligibility Form &
  Account Application at the time that he or she becomes of legal age as
  defined by the law of the minor's state of residency. SECTION 3. INVESTOR
  INFORMATION Please complete this section with all necessary information
  pursuant to your account registration selection in Section 2. SECTION 4.
  STOCKHOLDER COMMUNICATION By checking the box in this section, you hereby
  request all available printed materials associated with this account or
  securities held in this account, including but not limited to, annual and
  semi-annual reports, prospectuses, supplements to the prospectus, proxies,
  investor statements and correspondence be sent electronically to the e-mail
  for the registered account in Section 3. The internet address (URL) where the
  materials are available will be contained within an e-mail announcement sent
  to you when such materials are available. Materials referenced within the
  e-mail announcement may be viewed electronically or printed. You understand
  that you may incur costs associated with accessing the internet and be
  required to download certain software in order to view the materials
  delivered electronically, and that you may be unable to timely access the
  materials in the event of a system failure or network outage. You understand
  that if the e-mail notification is returned to BNY Mellon, the transfer agent
  for this offering, as "undeliverable", a letter will be mailed to
  you with instructions on how to update your e-mail address to begin receiving
  communication via electronic delivery. If, after enrollment in the electronic
  delivery program, you would like to receive a paper version of a document or
  wish to cancel electronic delivery, you can make these requests by calling
  1-877-999-REIT(7348) or using our Change of Options form. Electronic delivery
  is not available to residents of the states of Arkansas, California or Nebraska.
  SECTION 5. TELEPHONE REDEMPTION Please check the box if you would like to
  decline the ability to redeem by phone pursuant to the terms of the
  Prospectus. SECTION 6. DISTRIBUTION DESIGNATION Please select a method for
  directing distributions. If you elect to participate in the Distribution
  Reinvestment Plan ("DRIP") and you experience a material adverse
  change in your financial condition or can no longer make the representations
  or warranties set forth in Section 9 of this form, you are required to promptly
  notify the Company and your financial advisor or broker-dealer in writing.
  SECTION 7. WIRE INSTRUCTIONS FOR DIRECT DEPOSITS, LARGE ACCOUNTS &
  REDEMPTIONS All investors utilizing Direct Deposit for distributions or with
  investments in the Company greater than $100,000 must provide wiring
  instructions to the Investor's brokerage account or pre-designated US bank
  account. All redemptions processed in excess of $100,000 will be wired to the
  account on file with the transfer agent or, upon instruction, wired to
  another financial institution provided that the investor has made the
  necessary funds transfer arrangements. Stockholders with investments in the
  Company less than $100,000 may also receive redemption proceeds via wired
  funds. All funds wired by the Company or its agents must be to a U.S.
  financial institution (ACH network member). SECTION 8. COSTS BASIS Please
  refer to this section for tax-related detail on: (1) the Company's default
  cost basis method for 1099-B reportable accounts and (2) information on
  changing your cost basis method. SECTION 9. INVESTOR SIGNATURES Please read
  and separately initial each of the representations in order to complete your
  application for purchasing and owning shares of Clarion Partners Property
  Trust. If you have more questions about this offering or if you would like
  additional copies of the Prospectus, please contact your financial advisor or
  visit the Company's website at www.clarionpartnerstrust.com. Except in the
  case of fiduciary accounts, you may not grant any person a power of attorney
  to make the representations on your behalf. By making these representations,
  you do not waive any rights that you may have under federal or state
  securities laws. Page 1 

  






 















	
  

  	
  CLARION
  PARTNERS PROPERTY TRUST INC. NON-RETIREMENT ACCOUNTS - INITIAL INVESTMENT 1
  INVESTMENT A. Initial Investment Amount1 $ (Minimum Initial Investment is
  $10,000) B. Payment will be made via: (Check One) Enclosed Check Wired Funds
  (Payable to BNY Mellon Investment Servicing (US) Inc., Reference # as escrow
  agent for Clarion Partners Property Trust Inc.) Wire Date Account No. C.
  Share Class Class A Shares (Transaction-Based Account) 1 Class W Shares
  (Fee-Based Account) 2 ACCOUNT REGISTRATION Please select one account type
  under which the account will be registered and attach any applicable
  documentation. A. Individual B. Joint Tenant with Rights of Survivorship
  (Complete Section 3A. One signature required.) (Complete Sections 3A and 3B.
  All parties must sign.) C. Corporation (Specify type - please check one) D.
  Partnership (Complete Sections 3A and 3C. Include corporate resolution
  (Complete Sections 3A and 3C. Attach partnership and authorized signatories)
  agreement and authorized signatories) S-Corporation C-Corporation E. Trust F.
  Pension or Profit Sharing Plan (Non-Qualified) (Complete Sections 3A and 3C.
  Include trust document (Complete Sections 3A and 3C. Attach plan documents
  and and authorized trustees) authorized signatories) G. Uniform Gift/Transfer
  to Minors (UGMA/UTMA) H. Registered Investment Advisor (RIA) (Custodian for
  Minor should complete Section 3D. Custodian (Fill out Section 3A with
  Investor information and Section 10 signature required) with RIA information)
  UGMA/UTMA, State of I. Other Non-Qualified Account Registration (Specify and
  attach all applicable documents) Minor's Name 3 INVESTOR INFORMATION A.
  Investor/Trustee/Beneficial Owner First Name MI Last Name Gender (M/F) Social
  Security Number / Tax ID Number Date of Birth (MM/DD/YYYY) US Address (No
  P.O. Boxes Accepted) City State Zip Code Email Address Daytime Phone Number
  US citizen Resident alien (enclose Form 1078) (1) Purchases of Class A shares
  include a selling commission of up to 3% of the public offering price per
  share. Volume discounts are available. No selling commissions are payable for
  shares purchased pursuant to the distribution reinvestment plan. For more
  information on the price per share, please consult with your financial
  advisor. Page 2 NOTE TO FINANCIAL ADVISORS: If you have any questions on how
  to complete this form, please contact our dealer manager, ING Investments
  Distributors' sales desk at 1-800-334-3444 or our transfer agent, BNY Mellon
  Investment Servicing at 1-877-999-REIT(7348). Prospective investors should
  consult with their financial advisor and read the Company's prospectus,
  including all supplements and amendments thereto (the "Prospectus")
  prior to submitting this form. The Prospectus contains important information
  regarding the terms, conditions and potential risks associated with an
  investment in the Company. Please select one. If no option is selected, then
  your investment will be in Class A Shares. 

  






 















	
  

  	
  CLARION
  PARTNERS PROPERTY TRUST INC. NON-RETIREMENT ACCOUNTS - INITIAL INVESTMENT B.
  Joint Owner/Co-Investor (if applicable) First Name MI Last Name Gender (M/F)
  Social Security Number / Tax ID Number Date of Birth (MM/DD/YYYY) US Address
  (No P.O. Boxes Accepted) City State Zip Code Email Address Daytime Phone
  Number US citizen Resident alien (enclose Form 1078) C. Trust / Corporation /
  Partnership / Pension Plan /Other (if applicable) Section 3A must also be
  completed with Trustee information if the investment is made on behalf of a
  Trust. Name of Business Entity Tax ID Number Date of Trust D. Custodian or
  Clearing Firm/Platform Information (if applicable) Name of Custodian or
  Trustee Custodian Tax ID Number Name of Clearing Platform Brokerage Account
  Number Clearing Platform Address City State Zip Code Email Address Daytime
  Phone Number 4 STOCKHOLDER COMMUNICATION Electronic Delivery (please check
  box if you wish to elect this option) 5 TELEPHONE REDEMPTION Redemption by
  Phone Opt-out (please check box if you wish to decline the redemption by
  phone default option) 6 DISTRIBUTION DESIGNATION (please select one) A.
  Reinvest distributions pursuant to the Distribution Reinvestment Plan (the
  "DRIP") B. Mail check to the address of record C. Direct Deposit
  (Please fill out Section 7) 7 WIRING INSTRUCTIONS FOR DIRECT DEPOSITS, LARGE
  ACCOUNTS & REDEMPTIONS Financial Institution ABA Routing Number Address
  City State Zip Code Custodian/Clearing Platform (if applicable)
  Custodian/Clearing Platform Account Number Beneficiary Account Name
  Beneficiary Account Number Account Type: Checking Saving Brokerage or Other
  (please include a voided check) (please include deposit slip) Page 3 Please
  complete this section with instructions for direct deposits, large account
  & redemptions pursuant to the instructions detailed on Page 1 of this
  form. Electronic funds transfers require the signatures of the bank account
  owners exactly as they appear on the bank records. Registration of the bank
  account must be the same as names and signatures on this form. By checking
  this box I agree to the terms and conditions outlined in the instructions
  detailed on Page 1 of this form. Electronic delivery is not available to
  residents of the states of Arkansas, California or Nebraska. Please select
  one. I, the Investor, elect to decline ability to redeem by phone pursuant to
  the terms of the Prospectus. If I would like to change my redemption option in
  the future, I can do so by calling 1-877-999-REIT(7348). I, the Investor,
  elect to invest my distributions in additional shares of the Company pursuant
  to the terms detailed in the Investor Instructions on Page 1 of this form and
  terms of the Prospectus and the DRIP described therein. I, the Investor,
  authorize the Company or its agent to deposit my distributions to my
  bank/brokerage account. This authority will remain in force until I notify
  the Company in writing to cancel it. In the event that the Company or its
  agent deposits funds erroneously into my account, they are authorized to
  debit my account for an amount not to exceed the amount of the erroneous
  deposit. 

  






 















	
  

  	
  CLARION
  PARTNERS PROPERTY TRUST INC. NON-RETIREMENT ACCOUNTS - INITIAL INVESTMENT 8 COST
  BASIS 9 INVESTOR SIGNATURES PLEASE NOTE: ALL ITEMS MUST BE READ AND INITIALED
  I, the Investor (or in the case of fiduciary accounts, the person authorized
  to sign on such subscriber's behalf), Investor/ Co-Investor/ hereby represent
  and warrant to the Company as follows: Owner Joint Owner (a) I have received
  a copy of the Final Prospectus1 for Clarion Partners Property Trust Inc. at
  least five business days before signing this form. (b) I acknowledge that
  after the end of each business day following the escrow period, I can access
  the Company's NAV per Share for each class of Shares through the Company's
  website at www.clarionpartnerstrust.com, the Company's toll-free number at
  1-877-999-REIT(7348) or my financial advisor. I further acknowledge that I have
  received Company's NAV per Share from one or more of these sources prior to
  completing this form. (c) I have (i) a minimum net worth (not including home,
  home furnishings and personal automobiles) of at least $250,000, or (ii) a
  minimum net worth (as previously described) of at least $100,000 and a
  minimum annual gross income of at least $70,000, and, if applicable, I meet
  the higher suitability requirements imposed by my state of primary residence
  as set forth in the Prospectus under "Suitability Standards." I
  acknowledge that these suitability requirements can be met by myself or the
  fiduciary acting on my behalf. (d) With the purchase of shares of the
  Company, no more than 10% of my liquid net worth will be invested in shares
  of the Company and affiliated programs. For these purposes, "liquid net
  worth" is defined as cash, cash equivalents and readily marketable
  securities. (e) I acknowledge that shares of the Company are not liquid, that
  there is no public market for the shares and that I may not be able to sell
  or redeem the shares at any particular time. (f) I am purchasing the shares
  for my own account or on behalf of a trust or other eligible entity. If I am
  purchasing shares on behalf of a trust or other eligible entity, I have due
  authority authority to sign this form and to legally bind the trust or other
  eligible entity to the terms and conditions for purchasing shares of the
  Company. (g) I am purchasing shares in the Company based on my own decision
  or with the advice of my financial advisers. Neither the Company, its
  advisor, nor any of their affiliates, have provided me advice, or exercised
  any discretionary authority or control, with respect to my decision to
  purchase or hold shares. (1) Page 4 For all 1099-B reportable accounts,
  Internal Revenue Service regulations require security issuers to determine
  the adjusted cost basis for securities sold or redeemed, the nature of the
  gain or loss, and to report the information on Form 1099-B. Several tax lot
  relief methods are available to determine the adjusted cost basis - each with
  different tax implications. Please consult with your tax professional to
  determine which method should be utilized for your individual tax situation.
  The Company will utilize the First-In, First-Out method (FIFO) as the default
  cost basis method unless you elect to use another cost basis method. You may
  change your cost basis method at any time prior to or at the time of each
  share redemption. To choose a cost basis method other than the Company's
  default of FIFO, you must submit a Change of Options Form or contact the
  Investor Service Desk at 1-877-999-REIT(7348). Please read and separately
  initial each of the representations below in order to complete your
  application for purchasing and owning shares of the Company. If you have more
  questions about this offering or if you would like additional copies of the
  Prospectus, please contact your financial advisor or visit the Company's
  website at www.clarionpartnerstrust.com. Except in the case of fiduciary
  accounts, you may not grant any person a power of attorney to make the
  representations on your behalf. By making these representations, you do not
  waive any rights that you may have under federal or state securities laws.
  Final Prospectus means the prospectus, and all supplements and amendments
  thereto, that were filed with the SEC on or prior to the fifth business day
  before completing this form. laws.

  






 















	
  

  	
  CLARION
  PARTNERS PROPERTY TRUST INC. NON-RETIREMENT ACCOUNTS - INITIAL INVESTMENT
  INVESTOR SIGNATURES CONTINUED X X Signature of Investor Date Signature of
  Co-Investor Date Page 5 WITHHOLDING INFORMATION (SUBSTITUTE FORM W-9) Under
  the Interest and Dividend Tax Compliance Act of 1983, the Company is required
  to have the following certification: Under the penalties of perjury I certify
  by signing this Account Application as provided below that: (1) The number
  shown in Section 3 of this Account Application is the correct Tax
  Identification Number (or I am waiting for a number to be issued to me), and
  (2) I am not subject to backup withholding because (a) I am exempt from
  backup withholding, or (b) I have not been notified by the Internal Revenue
  Service (the “IRS”) that I am subject to backup withholding as a result of a
  failure to report all interest or dividends or (c) the IRS has notified me
  that I am no longer subject to backup withholding (this paragraph (2) does
  not apply to real estate transactions, mortgage interest paid, the
  acquisition or abandonment of secured property, contributions to an
  individual retirement arrangement and payments other than interest and
  dividends), and (3) I am a U.S. person (this includes U.S. citizens and U.S.
  resident aliens). YOU MUST CROSS OUT AND INITIAL PARAGRAPH (2) ABOVE IF YOU
  HAVE BEEN NOTIFIED BY THE IRS THAT YOU ARE CURRENTLY SUBJECT TO BACKUP
  WITHHOLDING BECAUSE OF UNDER-REPORTING INTEREST OR DIVIDENDS ON YOUR TAX
  RETURN. In addition, the Fund hereby incorporates by reference into this
  section of the Account Application the IRS instructions for Form W-9. By
  submitting this application, I agree to the terms and conditions for owning
  shares of the Company as outlined in this form, the Prospectus and any
  applicable supplements. I certify that the information which I have provided
  with respect to my application and the required attachments referenced herein
  is true, accurate and complete. I certify under penalties of perjury that I
  am not involved in any money laundering schemes and the source of any
  investment in the Company is not derived from any criminal activities. I
  further acknowledge that after an account is opened with the Company, I will
  receive account statements, a confirmation of my purchase and other
  correspondence which I must carefully review to ensure that my instructions
  have been properly acted upon. If any discrepancies are noted, I agree to
  notify the Company, my financial advisor/broker-dealer or the transfer agent
  in a timely manner, no later than 15 days from the receipt of such account
  statements or correspondence. My failure to notify one of the above entities
  on a timely basis will relieve such entities of any liability with respect to
  any discrepancy. I certify that I am of legal age to sign this form. For
  joint accounts, all parties must sign. Except in the case of a fiduciary
  account, the investor may not grant any person a power of attorney to make
  the above representations on his, hers, or its benefit. NOTE: By signing this
  form, you are not waiving any rights that you may have under federal and
  state securities The Internal Revenue Service does not require your consent
  to any provision of this document other than the certifications required to
  avoid backup withholding. 

  






 















	
  

  	
  CLARION
  PARTNERS PROPERTY TRUST INC. NON-RETIREMENT ACCOUNTS - INITIAL INVESTMENT 10
  PARTICIPATING BROKER-DEALER / FINANCIAL ADVISOR OR RIA INFORMATION Financial
  Advisor Registered Investment Advisor (RIA) Broker-Dealer Financial
  Advisor/RIA Name Financial Advisor/RIA Mailing Address City State Zip Code
  Financial Advisor/RIA Number Branch Number CRD Number Email Address Daytime
  Phone Number Fax Number Load-waived (based on load-waiver categories for
  Class A shares pursuant to the Prospectus and authorized by your broker
  dealer) X X Financial Advisor/RIA Signature Date Branch Manager Signature
  Date (if required by Participating Broker-Dealer) 11 SUBSCRIPTION CHECKLIST
  A. Please review this application to ensure that all sections are complete,
  all additional required information is attached, and that initials and
  signatures are provided wherever requested. B. Payment by check. Checks
  should be made payable to: BNY Mellon Investment Servicing (US) Inc. (as
  escrow agent for Clarion Partners Property Trust Inc.) Payment by wire. Wire
  to: BNY Mellon ABA Routing Number: 011001234 Beneficiary Name: BNY Mellon as
  Agent FBO CRT/ Consolidated Account Beneficiary Account Number: 000073-5086
  For Further Credit to: Investor Name Fund Name: Clarion Partners Property
  Trust C. Your broker dealer has requested that all forms be submitted to the
  home office for approval For Home Office Processing This original application,
  together with a check for the full purchase price (if payment by check),
  should be delivered by the broker dealer to the applicable address below (no
  faxes): Standard Mail Overnight Delivery Clarion Partners Property Trust Inc.
  Clarion Partners Property Trust Inc. c/o BNY Mellon Investment Servicing (US)
  Inc. c/o BNY Mellon Investment Servicing (US) Inc. P.O. Box 9865 4400
  Computer Drive Providence, RI 02940-8065 Westborough, MA 01581 Page 6 The
  financial advisor/RIA must complete all fields in this section and sign below
  to complete this form. By signing this form, the financial advisor/RIA
  warrants that he or she is duly licensed and may sell shares of the Company
  in the state designated as the Investor's legal residence. All sales of
  securities must be made through a broker-dealer that has a Participating
  Broker-Dealer Agreement in effect with ING Investments Distributor, LLC, the
  Company's dealer manager. The undersigned financial advisor/RIA confirms on
  behalf of the participating broker-dealer that he or she has (i) has
  reasonable grounds to believe that the information and representations
  concerning the Investor identified herein are true, correct and complete in
  all respects; (ii) discussed such Investor’s prospective purchase of shares
  with such Investor; (iii) advised such Investor of all pertinent facts with
  regard to the lack of liquidity and marketability of the shares; (iv)
  delivered a current Prospectus to such Investor at least five business days
  prior to submitting this form; (v) has reasonable grounds to believe that the
  Investor is purchasing these shares for his or her own account; and (vi) has
  reasonable grounds to believe that the purchase of shares is a suitable
  investment for such Investor, that such Investor meets the suitability standards
  applicable to such Investor set forth in the Prospectus (and any applicable
  standards imposed by the financial advisor's brokerage firm), and that such
  Investor is in a financial position to realize the benefits of such an
  investment and to suffer any losses that may occur with respect thereto. The
  undersigned financial advisor/RIA further represents and certifies that, in
  connection with the offering and sale of any shares of the Company on behalf
  of the Investor, he or she has complied with and followed all applicable
  policies and procedures under the participating broker-dealer's current
  Anti-Money Laundering Program and Customer Identification Program.