About

An Integrated Approach to Real Estate

Black Creek Group is a leading real estate investment management firm that has bought or built over $21 billion of properties throughout its more than 25-year history.

We manage diverse investment offerings across the spectrum of commercial real estate – including industrial, multifamily, office and retail – providing a range of solutions for investors.

We are hands-on; using an integrated approach with development, acquisition and asset management teams working closely together.

Our History - An Interactive Timeline

With our many years of commercial real estate experience, we have outstanding expertise in creating value for our investors. Scroll through to explore our interactive company timeline to see how we have grown from three founders to a company of approximately 300 employees with nine offices and more than 1,500 properties.

1993

Black Creek Group, LLC (Black Creek Group) founded by John Blumberg, Evan Zucker and Jim Mulvihill.

1993

American Real Estate Investment Corporation launched. Raised $93 million of equity capital and acquired 21 properties, including in connection with strategic transactions in 1997, culminating in creation of Keystone Property Trust, which later sold to industrial REIT Prologis (NYSE: PLD) in 2004.1

Black Creek Group History

1996

Corporate Properties of the Americas launched. Raised $490 million of equity capital and acquired 94 properties. Liquidity event in 2005: Sold to an institutional investor.

2002

DCT Industrial Trust Inc. (DCT) launched. Raised more than $2 billion in equity capital from retail investors and acquired 388 properties. Liquidity event in 2006: Listed on the NYSE after an institutional IPO (NYSE: DCT).2

2004

Dividend Capital Exchange (DCX), a complete real estate exchange solution created. This tax-deferred program, under IRC Section 1031 and 721, allows real estate owners to exchange appreciated investment property for shares in high-quality commercial real estate.

Black Creek Group History

2006

Dividend Capital Total Realty Trust (TRT) launched as a non-traded real estate investment trust (REIT). Raised $1.8 billion in equity capital from retail investors and acquired 111 properties. In 2012, TRT restructured to become Black Creek Diversified Property Fund.

2010

Industrial Income Trust Inc. (IIT) launched. Raised more than $2.2 billion of equity capital from retail investors and acquired 296 properties. Liquidity event in 2015: Merged into an affiliate of Global Logistic Properties.

Black Creek Group History

2011

North American Industrial Fund launched with a focus on value-add investments across a range of real estate sectors. Raised $300 million of equity capital and acquired and developed 37 buildings. Liquidity event in 2013: LP-owned portion of the portfolio sold to IIT for $547 million.

2011

Black Creek Group opened regional offices in Newport Beach, CA and Rutherford, NJ, capitalizing on local market acquisition, development and operational expertise and relationships.

2012

Diversified Property Fund Inc. (DPF) launched as one of the first perpetual-life net asset value (NAV) REITs available to retail investors, owning and operating high-quality commercial real estate across multiple property types.

2013

Black Creek Group opened office in Dallas, TX.

Black Creek Group History

2013

Industrial Property Trust Inc. (IPT) launched, a REIT that acquires and operates high-quality distribution warehouses. Raised $1.8 billion of equity capital from retail investors. Closed to new investors in 2017.3

2015

Build-to-Core Industrial Partnership I LLC (BTC I) created as a joint venture with an institutional partner. $490 million of capital committed to develop more than 60 properties.

2015

Black Creek Group opened office in Chicago, IL.

Black Creek Group History

2016

Black Creek Industrial REIT IV Inc. launched as one of the first finite-life NAV REITs, acquires and operates high-quality distribution warehouses and other industrial properties.

Black Creek Group History

2016

PREDEX Commercial Real Estate Interval Fund formed as a strategic partnership with PREDEX Capital Management to offer a 1940 Act interval fund that invests in institutional U.S. core property funds.

Black Creek Group History

2016

Exchange Program relaunched as Black Creek Exchange (BCX), using a master-lease structure guaranteed by DPF, providing real estate owners tax-deferred advantages.4

2016

Black Creek Group opened office in Atlanta, Georgia and West Hartford, Connecticut

Black Creek Group History

2017

Institutional open-end fund launched.

2017

Streamlined all affiliate brands under the Black Creek Group name.

Black Creek Group History

2017

Build-to-Core Industrial Partnership II LLC (BTC II) created, the second iteration of a joint venture with an institutional partner. $600 million of capital committed to develop industrial properties.

Black Creek Group History

2018

Build-to-Core III Industrial Partnership III LLC (BTC III) created, the third iteration of a joint venture with an institutional partner.

This is not an offer to sell securities. Shares of BCI IV and DPF can only be offered by prospectus.

Investing with Local Insight and National Expertise

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Our Approach

We consider investments one by one, combining our deep real estate expertise with our disciplined and repeatable institutional processes – rigorous research and due diligence combined with meticulous financial analyses. We do not deploy capital from a distance, but instead are owner-operators who actively manage the buying, selling and leasing of the properties in which we invest.

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Our Track Record5

Black Creek Group brings local knowledge, an entrepreneurial spirit and institutional-quality processes to every real estate transaction. For more than 25 years, we have delivered a full array of quality investment solutions across core, value-add and opportunistic sectors.

5 Areas of Expertise Acquisitions, Asset Management, Development, Leasing and Value-Add
41.3M SF National footprint across 29 markets
7 Investment Platforms Taken full cycle through liquidity event or an IPO on the NYSE
85% Of Teams Regionally based, helping foster deep local relationships
1,500 Properties Owned and operated in North America

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