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Item
1.01. Entry into a Material Definitive Agreement
Amendment to Advisor RSU Agreements
Previously, Dividend Capital Diversified Property Fund Inc. (referred to herein as the “Company,”“we,”“our,” or “us”), and Dividend Capital Total Realty Operating Partnership LP, our operating partnership, entered into Restricted Stock Unit Agreements (the “Agreements”) with our external advisor, Dividend Capital Total Advisors LLC (our “Advisor”). Pursuant to the terms of the Agreements, we granted our Advisor a total of 842,172 restricted stock units (“RSUs”), in return for offsets of future advisory fees and expenses. Each RSU will, upon vesting, entitle the Advisor to one Class I share of our common stock. On April 13, 2017, we entered into an amendment to the Agreements pursuant to which
the Advisor agreed that 208,066 of the RSUs originally granted under the Agreements would not vest (the "Relinquished RSUs"). Because the underlying shares will not vest and be delivered to the Advisor, no offset of advisory fees and expenses otherwise payable from the Company to the Advisor will occur with respect to the Relinquished RSUs. However, in consideration for the Advisor's agreement, we agreed to reduce future offsets of advisory fees and expenses in connection with vesting and settlement of other RSUs by $33,257, which amount reflects an increase in net asset value per Class I share since the grants of certain of the Relinquished RSUs.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.