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