Experience

Why Invest with Black Creek Group?

We are Deeply Invested in Real Estate

At Black Creek Group, we invest in real estate from the ground up, building by building, scrutinizing and managing every aspect of every investment seeking to create value for our shareholders. For more than 25 years, Black Creek has developed, acquired, operated, financed and sold commercial and residential real estate in North America, with two decades of experience working on behalf of institutional investors.1

Real Estate Operators With Development Expertise

We take a rigorous, hands-on approach that benefits from proximity to our real estate investments.2

Industrial Expertise

While the performance of past programs is not indicative of future results, Black Creek Group’s principal owners have sponsored four industrial real estate programs within the last ten years, including two that have gone full-cycle through a liquidity event:3

  • DCT Industrial Trust Inc. (NYSE: DCT) 2003 – 2006 — Formerly known as Dividend Capital Trust Inc.; began property operations in 2003 as an industrial real estate investment trust that was listed on the New York Stock Exchange in December 2006
  • Industrial Income Trust Inc. 2010 – 2015 — Began property operations in 2010; built and operated a national platform of high-quality distribution warehouses and completed its merger with and into an affiliate of Global Logistic Properties Limited (GLP) for approximately $4.55 billion in November 20154
  • Industrial Property Trust Inc. 2013 – Present — Began property operations in late 2013; acquires and operates high-quality distribution warehouses that are leased to creditworthy corporate customers
  • Black Creek Industrial REIT IV 2016 – Present — Offering went effective in 2016 and expects to commence property operations in 2017; intends to acquire and operate high-quality distribution warehouses that are leased to creditworthy corporate customers5

Management Team

Evan Zucker,  Chairman of the Board

Evan Zucker
Chairman of the Board
  • Chairman, Black Creek Industrial REIT IV Inc. and Manager of BCI IV Advisors LLC, the advisor of Black Creek Industrial REIT IV Inc.
  • Chairman, Industrial Property Trust Inc. and Manager of Industrial Property Advisors LLC, the advisor to Industrial Property Trust Inc.
  • Manager of Black Creek Diversified Property Advisors LLC, the advisor to Black Creek Diversified Property Fund Inc.
  • Former Chairman, Industrial Income Trust Inc.
  • Former Chief Executive Officer and President of Dividend Capital Trust Inc., now listed as DCT Industrial Trust on the New York Stock Exchange (NYSE: DCT)
  • Co-founder of Corporate Properties of the Americas, which was sold to an institutional investor in 2005
  • Co-founded American Real Estate Investment Corp. (which subsequently became Keystone Property Trust, NYSE: KTR)
  • B.S. Stanford University

Raj Dhanda,  President, Black Creek Industrial REIT IV Inc.

Raj Dhanda
President, Black Creek Industrial REIT IV Inc.
  • Partner, Chief Executive Officer, Black Creek Group
  • President, Black Creek Industrial REIT IV Inc.
  • President, Black Creek Diversified Property Fund Inc.
  • 26-year tenure at Morgan Stanley & Co.
  • Former Head of Investment Products and Services, Wealth Management, Morgan Stanley & Co.
  • Former Head of Global Capital Markets, Institutional Securities, Morgan Stanley & Co.
  • Former Member, Firm Management Committee, Morgan Stanley & Co.
  • A. Business Economics and Organizational Behavior & Management, Brown University

Dwight Merriman,  Managing Director, Chief Executive Officer

Dwight Merriman
Managing Director, Chief Executive Officer
  • Chief Executive Officer, Black Creek Industrial REIT IV Inc.
  • Chief Executive Officer, Industrial Property Trust Inc.
  • Chief Executive Officer, Black Creek Diversified Property Fund Inc.
  • Head of Real Estate U.S., Black Creek Group
  • Former Chief Executive Officer, Industrial Income Trust Inc.
  • Former Chief Investment Officer, Stockbridge Capital Group LLC
  • Former Managing Director, RREEF Funds
  • While at RREEF, served on the investment committee and was involved in approving approximately $13 billion in commercial real estate transactions, and started CalSmart, a $1.2 billion value-add real estate investment fund with CalPERS
  • B.S. in Business Administration from the University of Southern California and an MBA from the University of California at Los Angeles

Thomas G. McGonagle,  Managing Director, Chief Financial Officer

Thomas G. McGonagle
Managing Director, Chief Financial Officer
  • Managing Director, Chief Financial Officer, Black Creek Industrial REIT IV Inc. 
  • Managing Director, Chief Financial Officer, Industrial Property Trust Inc. 
  • Former Chief Financial Officer and Treasurer, Industrial Income Trust Inc. 
  • Former Senior Vice President of Corporate Development, MacDermid, Incorporated
  • Former Senior Vice President & Chief Financial Officer, Vistar Corporation
  • Additional management experience at Babcock & Brown LP, Donaldson, Lufkin & Jenrette / Credit Suisse, Consolidated Container Company LLC and Pinnacle Gas Resources, Inc.
  • B.A. Economics, Dartmouth College; M.B.A., Amos Tuck School of Business Administration at Dartmouth College

Scott Recknor,  Managing Director, Head of Asset Management

Scott Recknor
Managing Director, Head of Asset Management
  • Managing Director, Head of Asset Management, Industrial Property Trust Inc. and Black Creek Industrial REIT IV Inc. 
  • Former Senior Vice President, Head of Asset Management, Industrial Income Trust Inc.
  • Former Vice President and Director of Leasing and Marketing, AMB Property Corporation
  • Additional management experience at RREEF, The Goodyear Tire & Rubber Company and The Seeley Company / Colliers International

J.R. Wetzel,  Managing Director, Western Region

J.R. Wetzel
Managing Director, Western Region
  • Managing Director, Western Region, Industrial Property Trust Inc. and Black Creek Industrial REIT IV Inc.
  • Former Managing Director, Western Region, Industrial Income Trust Inc.
  • Former Managing Partner, PGP Partners, Inc.
  • Additional management experience at Pacific Gulf Properties, Industrial Developments International, Insignia / O’Donnell
  • B.A., Economics, Claremont Men’s College; M.B.A., Real Estate Finance, University of Southern California

Dave Fazekas,  Managing Director, Eastern Region

Dave Fazekas
Managing Director, Eastern Region
  • Managing Director, Eastern Region, Industrial Property Trust Inc. and Black Creek Industrial REIT IV Inc.
  • Former Managing Director, Eastern Region, Industrial Income Trust Inc.
  • Former Senior Vice President and Project Principal, Panattoni Development Company Inc.
  • Additional management experience at ZAIS Group LLC, RREEF Deutsche Bank and Delma Properties, Inc.
  • B.S. in Business and Economics from Rutgers University and a M.S. in Real Estate Finance from New York University

Mace McClatchy,  SVP, Market Officer, Dallas

Mace McClatchy
SVP, Market Officer, Dallas
  • Senior Vice President, Market Officer, Dallas, Industrial Property Trust Inc. and Black Creek Industrial REIT IV Inc.
  • Former Vice President, Market Officer, Dallas, Industrial Income Trust Inc.
  • Former Vice President, Market Officer, KTR Capital Partners
  • Previously held positions with Holt Lundsford and Frontier Equity

Matt Breaux,  SVP, Market Officer, Atlanta

Matt Breaux
SVP, Market Officer, Atlanta
  • Senior Vice President, Market Officer, Atlanta, Industrial Property Trust Inc. and Black Creek Industrial REIT IV Inc. 
  • Former Vice President, Acquisitions, East, Industrial Income Trust Inc.
  • Former Associate with Dividend Capital Total Realty Trust
  • Previously held various positions with Hibernia Corporation

Marty Edmondson,  SVP, Market Officer, Chicago

Marty Edmondson
SVP, Market Officer, Chicago
  • Senior Vice President, Market Officer, Chicago, Industrial Property Trust Inc. and Black Creek Industrial REIT IV Inc. 
  • Former Vice President, Market Officer, Chicago, Industrial Income Trust Inc.
  • Former Senior Vice President, Partner, KTR Capital Partners
  • Previously held positions with International Airport Centers and First Industrial Realty Trust

Andrea Karp,  Managing Director, Head of Due Diligence

Andrea Karp
Managing Director, Head of Due Diligence
  • Managing Director, Head of Due Diligence, Black Creek Industrial REIT IV Inc.
  • Senior Vice President, Industrial Property Trust Inc.
  • Former Senior Vice President, Industrial Income Trust Inc.
  • Former Vice President of Fremont Investment & Loan
  • Former Vice President of ProLogis
  • Bachelor’s Degree in Economics from the University of Colorado. Ms. Karp is a member of both CREW and NAIOP

Lainie Minnick,  Managing Director, Head of Debt Capital Markets & Treasurer

Lainie Minnick
Managing Director, Head of Debt Capital Markets & Treasurer
  • Managing Director, Head of Debt Capital Markets & Treasurer, Black Creek Industrial REIT IV Inc.
  • Former Project Executive for Urban Villages, Inc.
  • Former Vice President, Goldman Sachs
  • Bachelors of Business Administration degree from Southern Methodist University and a Masters of Business Administration from the Wharton School at the University of Pennsylvania

Jeff Taylor,  Managing Director, Shareholder Operations

Jeff Taylor
Managing Director, Shareholder Operations
  • Managing Director, Shareholder Operations, Black Creek Industrial REIT IV Inc.
  • Previously held positions with INVESCO Funds Group
  • Bachelor's degree from Pennsylvania State University and an MBA from the University of Colorado at Denver

Joshua Widoff,  Managing Director, General Counsel and Secretary

Joshua Widoff
Managing Director, General Counsel and Secretary
  • Managing Director, General Counsel and Secretary, Black Creek Industrial REIV IV Inc.
  • Former partner at the Denver law from of Brownstein Hyatt Farber Schreck, P.S.
  • Former Finance Committee Co-Chairman and Treasurer for Michael Hancock's Campaigns for Mayor of Denver
  • Vice Chair of the Board of Commissions of the Denver Urban Renewal Authority
  • Board member, Enerplus Resources (NYSE:ERF)
  • Bachelor's degree in economics and political science from Trinity University in Texas, magna cum laude and law degree from the University of Colorado School of Law where he was named the Order of the Coif

1 Institutional investors are not likely to invest in BCI IV. Institutional investors often invest on substantially different terms and conditions, which may include lower fees, expenses or leverage.

2 Represents the total cost of real estate projects and loans secured by real estate acquired and/or developed by Black Creek Group, its affiliates and its direct and indirect owners, including John Blumberg, James Mulvihill and Evan Zucker, from inception through March 31, 2018.

3 DCT Industrial Trust Inc. and Industrial Income Trust Inc (IIT) are no longer controlled by affiliates of BCI IV’s sponsor. A liquidity event for BCI IV is not guaranteed and may be postponed. Prior performance is not a guarantee of future results.

4 Concurrently with the closing of the merger transaction, IIT transferred 11 properties then owned by IIT that were under development or in the lease-up stage (the “Excluded Properties”) to a liquidating entity (the “Liquidating Trust”), the beneficial interests in which were distributed pro rata to IIT stockholders. The Liquidating Trust currently anticipates that it will complete its liquidation within 12 to 24 months following the merger, with the goal of maximizing the value of the Excluded Properties for IIT’s former stockholders. Academy Partners Ltd. Liability Company (“Academy Partners”) is the former owner and user of the names “Industrial Income Trust Inc.,” “Industrial Income Trust” and “IIT” (collectively, the “Trademarks”) and GLP (or its affiliate), which is unrelated to Academy Partners and Black Creek Group, is the present owner and source of services provided under the Trademarks.

5 Although BCI IV intends to focus its investment activities primarily on distribution warehouses and other industrial properties, BCI IV’s charter and bylaws do not preclude it from investing in other types of commercial property or real estate debt. It is important to note that creditworthiness does not necessarily mean that BCI IV’s corporate customers will be investment grade, and, in fact, it is anticipated that much of BCI IV’s portfolio will be comprised of non-rated and non-investment grade corporate customers.