CB Richard Ellis Realty Trust Announces Fourth Quarter Dividend.

PRINCETON, N.J. -- CB Richard Ellis Realty Trust today announced its Board of Directors has declared a quarterly distribution to shareholders of $0.125 (12.5 cents) per share for the fourth quarter 2006.

The distribution will be calculated on a daily basis and paid on January 16, 2007 to shareholders of record during the period from October 1st to December 31st, 2006.

CB Richard Ellis Realty Trust was formed as a Maryland real estate investment trust in 2004. CB Richard Ellis Realty Trust invests primarily in office, retail, industrial, and multifamily residential properties located in major metropolitan areas in the United States, and may invest up to 30% of its assets outside of the United States. CB Richard Ellis Realty Trust has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

CB Richard Ellis Realty Trust is sponsored by Los Angeles-based CB Richard Ellis Investors, LLC, and advised by CBRE Advisors LLC, an affiliate of CB Richard Ellis Investors, LLC. CB Richard Ellis Investors, LLC, is a wholly-owned subsidiary of CB Richard Ellis Group, Inc.

Forward-Looking Statements 

This press release may contain forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical facts, including, among others, statements regarding CB Richard Ellis Realty Trust's future financial positions, business strategy, projected levels of growth, projected costs and projected financing needs, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of CB Richard Ellis Realty Trust members of their management teams, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should" or similar expressions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by such forward-looking statements. Many of these factors are beyond the companies' abilities to control or predict. Such factors include, but are not limited to, competition in the companies' markets, the ability to identify and acquire properties on favorable terms, dependence on tenants' financial condition, the uncertainties of real estate development and acquisition activity, the ability to effectively integrate acquisitions, the costs and availability of financing, the effects of the local economic and market conditions, regulatory changes and other risks and uncertainties detailed from time to time in CB Richard Ellis Realty Trust's filings with the Securities and Exchange Commission.

The risks included here are not exhaustive and undue reliance should not be placed on any forward-looking statements, which are based on current expectations. All written and oral forward-looking statements attributable to CB Richard Ellis Realty Trust or persons acting on their behalf are qualified in their entirety by these cautionary statements. Further, forward-looking statements speak only as of the date they are made, and the companies undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time unless otherwise required by law.