Filed Pursuant to Rule 424(b)(3)
Registration No. 333-152653
CB RICHARD ELLIS REALTY TRUST
Supplement No. 13 dated November 2, 2010
to the Prospectus dated April 28, 2010
We are providing this Supplement No. 13 to you in order to supplement our prospectus dated April 28, 2010. This Supplement No. 13 provides information that shall be deemed part of, and must be read in conjunction with, the prospectus, which was supplemented by Supplement No. 7 dated September 3, 2010, which superseded and replaced all prior supplements to the registrant’s prospectus dated April 28, 2010, Supplement No. 8 dated September 16, 2010, Supplement No. 9 dated October 6, 2010, Supplement No. 10 dated October 15, 2010, Supplement No. 11 dated October 21, 2010 and Supplement No. 12 dated October 29, 2010. Capitalized terms used in this Supplement No. 13 have the same meanings in the prospectus unless otherwise stated herein. The terms “we,” “our,” “us” and CBRE REIT include CB Richard Ellis Realty Trust and its subsidiaries.
RECENT DEVELOPMENTS
Acquisition of the National Industrial Portfolio
On October 27, 2010, we acquired six of the seven warehouse distribution centers that comprise the National Industrial Portfolio, using the net proceeds from this offering, as detailed below.
Property and Market | Year Built | Tenant | Net Rentable Sq. Feet | Percentage Leased | Leased Expiration | Approximated Total Acquisition Cost | Acquisition Cap Rate(1) | |||||||||||||||||||||
4701 Gold Spike Drive | ||||||||||||||||||||||||||||
Dallas, TX | 2002 | | ConAgra Foods Packaged Foods, LLC | | 420,360 | 100% | 04/2025 | $ | 20,000,000 | 7.8% | ||||||||||||||||||
1985 International Way | ||||||||||||||||||||||||||||
Cincinnati, OH | 1998 | McLane Foodservice, Inc. | 189,400 | 100% | 12/2013 | $ | 14,750,000 | 9.2% | ||||||||||||||||||||
Tolleson Commerce Park II | ||||||||||||||||||||||||||||
Phoenix, AZ | 1999 | | Menlo Logistics, Inc.; Docusafe of Phoenix, Inc.; Weber Distribution, LLC | | 217,422 | | 47.3%; 30.6%; 22.1% | | | 07/2011; 03/2017; 02/2012 | | $ | 9,500,000 | 9.3% | ||||||||||||||
Rickenbacker II | ||||||||||||||||||||||||||||
Columbus, OH | 1999 | Excel, Inc | 434,120 | 47.4% | 12/2011 | $ | 8,750,000 | 5.4% | ||||||||||||||||||||
Summit Distribution Center | ||||||||||||||||||||||||||||
Salt Lake City, UT | 2001 | | Cummins Filtration, Inc.; Big O Development, LLC; Marko Product, Inc. | | 275,080 | | 43.5%; 39.1%; 17.4% | | | 03/2014; 11/2013; 01/2013 | | $ | 12,500,000 | 8.4% | ||||||||||||||
3660 Deerpark Boulevard | ||||||||||||||||||||||||||||
Jacksonville, FL | 2002 | | ConAgra Foods Packaged Foods, LLC | | 321,500 | 100% | 07/2014 | $ | 15,750,000 | 8.8% | ||||||||||||||||||
Upon closing, we paid the investment advisor a $1,224,000 acquisition fee. While we anticipate that the acquisition of the seventh property in the National Industrial Portfolio will close during the fourth quarter of 2010, the agreement to acquire the seventh property is subject to a number of contingencies and therefore there can be no assurances that this acquisition will occur.
Acquisition of Langenbach
On October 28, 2010, the European JV acquired Langenbach, located at 85416 Langenbach, Germany, a suburb of Munich, for approximately $23,339,643, exclusive of customary closing costs, using the net proceeds from this offering. Upon closing, we paid the investment advisor a $280,074 acquisition fee. Langenbach is a 225,106 square foot warehouse distribution center that was constructed in 2010 and is 100% leased to DSV Stuttgart GmbH & Co. KG, or DSV, through July 2015. DSV providestransportation services and logistics solutions globally. We own an 80% interest in the European JV. The estimated acquisition cap rate for Langenbach is 7.8%.(1)
| (1) | Acquisition cap rate equals annualized in-place net operating income divided by total acquisition cost for the property. Annualized in-place net operating income equals, on an annualized cash basis as derived from leases in-place at the time we acquire the property, rental income and tenant reimbursements less property and related expenses (operating maintenance, management fees and real estate taxes) and excludes other non-property income and expenses, interest expense, depreciation and amortization and our company-level general and administrative expenses. |