UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 20, 2008
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| CB RICHARD ELLIS REALTY TRUST |
| (Exact name of registrant as specified in its charter) |
| | |
| Maryland | | 333-127405 | | 56-2466617 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
|
515 South Flower Street, Suite 3100, Los Angeles, California 90071 |
(Address of principal executive offices) |
|
(609) 683-4900 or (213) 683-4222 |
(Registrant’s telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 2.01 | Completion of Acquisition or Disposition of Assets |
On March 20, 2008, we acquired a fee interest in Thames Valley Five located at 400 Thames Valley Park Drive, Reading, United Kingdom from an unrelated third-party. We acquired Thames Valley Five for approximately £13,795,000 ($27,664,000 assuming an exchange rate of $2.01/£1.00), exclusive of customary closing costs and stamp duty fees, which was funded using net proceeds from our initial public offering. Upon closing, we paid our Investment Advisor an acquisition fee of approximately $277,000. This acquisition fee is not included in the £13,795,000 ($27,664,000) acquisition cost of Thames Valley Five.
Thames Valley Five consists of a four story office building and surface parking lot completed in 1998. The office building is 100% leased to Regus (United Kingdom) Ltd, a subsidiary of Regus Group PLC, one of the world’s largest providers of outsourced workplace solutions, under a lease that expires in November 2013.
| Item 9.01 | Financial Statements and Exhibits |
(a) Financial Statements. To be filed by amendment. Pursuant to Item 9.01 of Form 8-K, the registrant hereby undertakes to file financial statements filed in response to this item on an amendment to the Current Report on Form 8-K not later than 71 calendar days after the date that this Form 8-K must be filed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | CB RICHARD ELLIS REALTY TRUST |
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| March 26, 2008 | | By: | | /s/ Laurie Romanak |
| | | | Name: Laurie Romanak Title: Chief Financial Officer |
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