Document:

Amended and Restated Dividend Reinvestment Plan

 Exhibit 4.1 
 AMENDED AND RESTATED 
 DIVIDEND REINVESTMENT PLAN 

CB Richard Ellis Realty Trust, a Maryland real estate investment trust (the “Company”), has adopted an amended and restated
dividend reinvestment plan (the “Plan”), the terms and conditions of which are set forth below. Capitalized terms shall have the same meaning as set forth in the Company’s Declaration of Trust unless otherwise defined herein.

 1. Participants.
“Participants” are our existing shareholders and persons who receive our shares upon conversion of OP units of CBRE Operating Partnership, L.P. who elect to participate in the Plan, provided such persons meet the investor suitability and
minimum purchase requirements of their states of residence. 
 2. Dividend
Reinvestment. The Company will apply all of the dividends and other distributions (“Distributions”) declared and paid in respect of a Participant’s common shares to the
purchase of additional common shares for such Participant. Such shares will be sold through a broker-dealer through whom the Company sold the underlying shares to which the Distributions relate in its previous offerings unless the Participant makes
a new election through a different distribution channel. No sales commissions will be paid in connection with purchases under the Plan. 
 3. Administrator. DST Systems, Inc. will serve as the plan administrator. The plan administrator
will administer the plan, keep records and will provide each Participant with purchase confirmations. 
 4. Procedure for Participation. Qualifying shareholders may elect to become a Participant by completing and executing an enrollment form or any other
Company-approved authorization form as may be available from the plan administrator. Participation in the Plan will begin with the next
Distribution payable after receipt of a Participant’s enrollment or authorization provided such notice is received more than 30 days prior to the last day of the fiscal quarter. Shares will be purchased under the Plan on the date that the
Company makes a Distribution. Distributions will be paid quarterly. 
 5.
Purchase of Shares. The Company’s board of trustees determined that the offering price for shares under the Plan will initially be
$9.50 per share. In the Company’s recent public offering of common shares, the price per common share was $10.00. In the event that the Company’s board of trustees determines that the fair market value of the Company’s common shares
has changed, common shares will thereafter be sold pursuant to the Plan at a price determined by the board of trustees, which price shall not be less than 95% of the fair market value of a common share on the reinvestment date (including any
administrative costs paid by us on Participants’ behalf) as so determined. There is no public trading market for the Company’s common shares. The initial offering price per share may not reflect the value of the underlying assets. The
selling price also may not be indicative of the price at which the shares may trade if they were listed on an exchange or of the proceeds that a shareholder may receive if the Company liquidated or dissolved. The purchase of fractional shares is a
permissible, and likely, result of the reinvestment of Distributions under the Plan. Shares may be issued under the Plan until all shares registered as part of the Plan offering have been sold. 

6. Investment of Distribution.
The Company’s plan administrator will use the aggregate amount of distributions to all Participants for each fiscal quarter to purchase shares (including fractional shares) for the Participants. If the aggregate amount of distributions to
Participants exceeds the amount necessary to purchase all shares then available for purchase, the plan administrator will purchase all available shares and will return all remaining distributions to the Participants within 30 days after the date
such distributions are made. Any distributions not so invested will be returned to Participants. At this time, Participants will not have the option to make voluntary contributions to the Plan to purchase shares in excess of the amount of shares
that can be purchased with their distributions. The Company’s board of trustees reserves the right, however, to amend the Plan in the future to permit voluntary contributions to the Plan by Participants, to the extent consistent with the
Company’s objective of qualifying as a REIT. 
 7. Taxation of
Distributions. The reinvestment of Distributions in the Plan does not relieve Participants of any taxes which may be payable as a result of those Distributions and their reinvestment
pursuant to the terms of this Plan. Participants should be aware that, because shares purchased with reinvested dividends may be purchased at up to a 5% discount, the taxable income received by a Participant may be greater than the taxable income
that would have resulted from the receipt of the dividend in cash. 
 8. Share
Certificates. The shares issuable under the Plan shall be uncertificated until the board of trustees determines otherwise. 

9. Voting of Plan Shares. In
connection with any matter requiring the vote of the Company’s shareholders, each Participant will be entitled to vote all of the whole shares acquired by the Participant through the Plan. Fractional shares will not be voted. 

10. Purchase Confirmations.
Within 30 days after the end of each quarter, the plan administrator shall provide each Participant (or his or her designee) with (i) an individualized report on the Participant’s investment, including each dividend reinvested during the

 
quarter, the reinvestment date(s), purchase price and number of shares purchased during the quarter and the total number of shares owned; and (ii) all material information regarding the Plan
and the effect of reinvesting dividends, including the tax consequences thereof. The Company shall provide such information reasonably requested by a broker-dealer in the Plan offering in order for such broker-dealer to meet its obligation to
deliver written notification to Participants of the information required by Rule 10b-10(b) promulgated under the Securities Exchange Act of 1934. 
 11. Fees and Commissions. The Company shall not pay selling commissions, the dealer manager fee
or the marketing support fee on shares sold under the Plan and shall not receive a fee for selling shares under the Plan. The Company will be responsible for all administrative charges and expenses charged by the plan administrator. Any interest
earned on such distributions will be paid to the Company to defray certain costs relating to the Plan. 
 12. Termination by Participant. A Participant may terminate participation (in whole and not in part) in the Plan at any time, without penalty, by delivering
to the Company a written notice. To be effective for any Distribution, such notice must be received by the Company at least ten business days prior to the last day of the fiscal period to which the Distribution relates. Any transfer of shares by a
Participant will terminate participation in the Plan with respect to the transferred shares. Upon termination of Plan participation, Distributions will be distributed by the plan administrator to the shareholder of record (or, if the common shares
are held in street or other nominee name, then to such nominee). 
 13.
Amendment or Termination of Plan by the Company. The board of trustees of the Company may amend or terminate the Plan for any reason upon
ten days’ written notice to the Participants. 
 14. Liability of the
Company. The Company shall not be liable for any act done in good faith, or for any good faith omission to act. To the extent that indemnification may apply to liabilities arising under the
Securities Act of 1933, as amended, or the securities act of a state, the Company has been advised that, in the opinion of the Securities and Exchange Commission and certain state securities commissioners, such indemnification is contrary to public
policy and, therefore, unenforceable. 
  

	15.	 Governing Law. This Plan shall be
governed by the laws of the State of Maryland.Amended and Restated Share Redemption Program

 Exhibit 4.2 
 AMENDED AND RESTATED SHARE REDEMPTION PROGRAM 
 We have adopted an amended and
restated share redemption program, or the share redemption program, to provide our existing eligible shareholders with limited, interim liquidity by enabling them to sell shares back to us prior to a liquidity event. Shareholders who have held their
shares for at least one year and who purchased those shares from us or received the shares from us through a non-cash transaction, not in the secondary market, may, on a quarterly basis, present to us for redemption all or any portion of their
shares. However, in the event that an eligible shareholder presents fewer than all of his or her shares to us for redemption, such shareholder must present at least 25% of his or her shares to us for redemption and must retain at least $5,000 of
common shares if any shares are held after such redemption. At that time, we may, subject to the conditions and limitations described below, redeem such shares for cash to the extent that we have sufficient funds available from the proceeds received
through our dividend reinvestment plan and, at the sole discretion of the board of trustees, other sources, to fund such redemption after the payment of dividends necessary to maintain our qualification as a REIT and to avoid payment of any U.S.
federal income tax or excise tax on our net taxable income and other funding needs as determined by the board of trustees. 

Subject to certain restrictions discussed herein, we may redeem shares, from time to time, at the following prices: 

 

			
	 Share Purchase Anniversary
	  	 Redemption Price as a

Percentage of Purchase Price

	 Less than 1 year
	  	No Redemption Allowed
	 1 year
	  	92.0%
	 2 years
	  	93.5%
	 3 years
	  	95.0%
	 4 and longer
	  	100.0%

 At any time that we are engaged in an offering of our common shares, the per share redemption price will not
exceed the applicable per share offering price. Thereafter, the per share redemption price will be the applicable per share offering price paid until we conduct an annual valuation of our shares. After an annual valuation, the per share redemption
price will be based on the then-current net asset value of our common shares as determined by our board of trustees (as adjusted for any share dividends, combinations, splits, recapitalizations and the like with respect to our common shares). Shares
issued pursuant to our dividend reinvestment plan will be redeemed according to the above schedule at a price based upon the indicated percentage of the purchase price paid for such shares acquired through the dividend reinvestment plan. Our board
of trustees will announce any purchase price adjustment and the time period of its effectiveness as a part of its regular communications with our shareholders. 
 Our board of trustees has delegated to our officers the right to waive the one-year holding period and pro rata redemption requirements described below in the event of the death, disability (as such term is
defined in the Internal Revenue Code) or bankruptcy of a shareholder. Shares that are redeemed in connection with the death, disability or bankruptcy of a shareholder will be redeemed at the time of showing death, disability or bankruptcy and at
100% of the price at which the investor purchased such shares while the share redemption program is in effect and sufficient funds are available from the proceeds received through our dividend reinvestment plan or, at the sole discretion of the
board of trustees, other sources. However, in the event that an eligible shareholder presents fewer than all of his or her shares to us for redemption, such shareholder must present at least 25% of his or her shares to us for redemption and must
retain at least $5,000 of common shares if any shares are held after such redemption. 
 Redemption of shares, when requested, will
be made quarterly and, in the event our available cash from the proceeds received through our dividend reinvestment plan or, at the sole discretion of the board of trustees, other sources, is insufficient to fund all redemption requests, each
shareholder’s request will be reduced on a pro rata basis. Alternatively, if we do not have such funds available, at the time when redemption is requested, a shareholder can (i) withdraw his or her request for redemption, or (ii) ask
that we carry over his or her request to the next quarterly period, if any, when sufficient funds become available. If a shareholder does not make a subsequent request, we will treat the initial redemption request as cancelled. 

We are not obligated to redeem common shares under our share redemption program. During any calendar year, we will not redeem more than 5%
of the weighted average number of shares outstanding during the prior calendar year. The aggregate amount of redemptions under our share redemption program is not expected to exceed the aggregate proceeds received from the sale of shares pursuant to
our dividend reinvestment plan. However, to the extent that the aggregate proceeds received during any calendar year from the sale of shares pursuant to our dividend reinvestment plan are not sufficient to fund redemption requests pursuant to the 5%
limitation outlined above, the board of trustees may, in its sole discretion, choose to use other sources of funds to redeem common shares. Such sources of funds could include cash on hand and cash available from borrowings. We cannot guarantee that
any funds set aside for our share redemption program will be sufficient to accommodate any or all requests made in any year. 

 The board of trustees, in its sole discretion, may choose to terminate or otherwise amend the
terms of the share redemption program or to reduce the number of shares purchased under the share redemption program if it determines the funds otherwise available to fund our share redemption program are needed for other purposes or it is in the
best interests of our shareholders to increase our cash reserves. If we terminate, amend or suspend the share redemption program or reduce the number of shares to be redeemed under the share redemption program, we will provide 30 days’
advance notice to shareholders, and we will disclose the change in quarterly and annual reports filed with the SEC on Form 10-Q and Form 10-K. 
 A shareholder who wishes to have his or her shares redeemed must mail or deliver a written request on a form we provide, executed by the shareholder, its trustee or authorized agent, to the redemption agent,
which is currently DST Systems, Inc. Within 30 days following the redemption agent’s receipt of the shareholder’s request, the redemption agent will forward to such shareholder the documents necessary to effect the redemption,
including any signature guarantee we or the redemption agent may require. The redemption agent will effect such redemption for the calendar quarter provided that it receives the properly completed redemption documents relating to the shares to be
redeemed from the shareholder at least one calendar month prior to the last day of the current calendar quarter and has sufficient funds available to redeem such shares. The effective date of any redemption will be the last date during a quarter
during which the redemption agent receives the properly completed redemption documents. As a result, we anticipate that, assuming sufficient funds are available for redemption and we have not reached our 5% limitation, the redemptions will be paid
no later than 30 days after the quarterly determination of the availability of funds for redemption. 
 You will have no right
to request redemption of your shares should our shares become listed on a national securities exchange, the NASDAQ Global Select Market or the NASDAQ Global Market. Our share redemption program is only intended to provide potential interim liquidity
for our existing shareholders until a secondary market develops for the shares, at which time the program would terminate. No such market presently exists, and we cannot assure you that any market for your shares will ever develop. 

The shares we redeem under our share redemption program will be returned to the status of authorized but unissued common shares.

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