Common use of NOTICE OF EXERCISE OF EXCHANGE RIGHT Clause in Contracts

NOTICE OF EXERCISE OF EXCHANGE RIGHT. In accordance with Section 9.4 of the Sixth Amended and Restated Limited Partnership Agreement (the “Agreement”) of Cottonwood Residential O.P., LP, the undersigned hereby irrevocably (i) presents for exchange _____ Common Units in Cottonwood Residential O.P., LP, in accordance with the terms of the Agreement and the Exchange Right referred to in Section 9.4, (ii) surrenders such Common Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Exchange Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated: _________,_____ (Name of Limited Partner) By: (Signature of Limited Partner) Mailing Address: (City) (State) Zip Code Signature Guaranteed by: If REIT Shares are to be issued, issue to: Name Social Security or Tax I.D. Number

NOTICE OF EXERCISE OF EXCHANGE RIGHT. In accordance with Section 9.4 8.05 of the Sixth Amended and Restated Agreement of Limited Partnership Agreement (as amended from time to time, the “Agreement”) of Cottonwood Residential O.P.Columbia Property Trust Operating Partnership, LPL.P. (the “Partnership”), the undersigned hereby irrevocably (i) presents for exchange ______________ Common Units in Cottonwood Residential O.P., LP, the Partnership in accordance with the terms of the Agreement and the Exchange Right referred to in Section 9.48.05 thereof, (ii) surrenders such Common Units and all right, title and interest therein therein, and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Exchange Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated: _________,_____ (Name of Limited Partner) By: (Signature of Limited Partner) (Mailing Address: ) (City) (State) (Zip Code Code) Signature Guaranteed by: If REIT Shares are to be issued, issue to: Name Social Security Please insert social security or Tax I.D. Numberidentifying number: Name: