Exhibit 4.7



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|CLASS A COMMON STOCK                                                                                  |  |           |  | CLASS A COMMON STOCK                                                                                                                                                                                                                                                                                                        
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|THIS CERTIFICATE IS TRANSFERABLE IN NEW YORK, N.Y. AND RIDGEFIELD PARK, N.J  PAR VALUE $.01 PER SHARE |  | [GRAPHIC] |  | In order to maintain qualification of the Corporation as a real estate investment trust under applicable provisions of the Internal Revenue Code, the Board of
Directors may, in accordance with the terms of the Certificate of Incorporation, redeem or restrict the transfer of the Shares represented by the Certificate
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|INCORPORATED UNDER THE LAWS OF THE STATE OF MARLYAND                                                  |  |           |  | SEE REVERSE FOR CERTAIN DEFINITIONS                                                                                                                                                                                                                                                                                         
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|NUMBER                                                                                                |  |           |  | SHARES                                                                                                                                                                                                                                                                                                                      



BRE PROPERTIES, INC.

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|------------------- |  | -------- |  | -----------------
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|THIS CERTIFIES THAT |  |          |  | CUSIP 05564E 10 6
|                    |  | SPECIMEN |  |                  
|IS THE OWNER OF     |  |          |  |                  

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FULLY PAID AND NON-ASSESSABLE SHARES OF CLASS A COMMON STOCK OF



BRE Properties, Inc., transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned by
the Transfer Agent and registered by the Registrar.



The
holder and every transferee or assignee of this Certificate or of the Shares represented hereby or of any interest therein accepts and agrees to be bound by the terms, conditions, and limitations of the Articles of Incorporation and all amendments
thereof and supplements thereto.



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



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|Dated:                                                                                                          |  |  |  |                                                                                                   
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|Countersigned and Registered MELLON
INVESTOR SERVICES LLC Transfer Agent and Registrar By AUTHORIZED SIGNATURE. |  |  |  | /s/    Frank McDowell PRESIDENT  /s/    Edward F. Lange, Jr. SECRETARY AND CHIEF FINANCIAL OFFICER
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The Corporation will furnish without charge to each stockholder who so requests a statement of the
rights, privileges, voting powers, limitations and qualifications of the classes of stock of the Corporation. Requests may be directed to the Corporation or its transfer agent.



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:

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|--------------------------------------------------------------------------------- |  | ------------------------------------------
|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 (State) 



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



FOR VALUE
RECEIVED, hereby sell,
assign and transfer unto



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|PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE |  |  |  | 
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|(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE.)                                                                                                                                                                                             |  | 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.
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|Shares of Class A Common Stock represented by the within certificate, and do hereby irrevocably constitute and appoint
 attorney, to transfer the same on the books of the within-named Corporation, with full power of substitution in the premises. | 
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|Dated:                                                                                                                                                                                                                                                | 
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NOTICE:

THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER




SIGNATURE(S) GUARANTEED



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|By |  |                                                                                                                                                                                                                                                            
|   |  | THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION, (Banks, Stockbrokers, Savings and Loan Associations and Credit Union(s)) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17A-d15.