Closed Vehicles

Closed Real Estate Investment Solutions

Black Creek Group has a deep history of providing actively managed real estate investment solutions that seek to perform through all market cycles and provide positive returns for our investors. ¹

Our disciplined and repeatable investment process is evidenced through a strong track-record of closed real estate investment solutions that have gone full cycle.

Industrial Property Trust

Industrial Property Trust (IPT) is a real estate investment trust (REIT) that acquires and operates high-quality distribution warehouses that are leased to corporate customers.

IPT’s wholly-owned real estate was sold to affiliates of Prologis in 2020. IPT’s remaining assets consist of its interests in two joint ventures.

Event & Date
Initial offering price per share as of October 2013²	$10.00
Special distributions per share of common stock as of January 2020³	$12.54
NAV per share following special distribution	$1.25

Event & Date

Initial offering price per share as of October 2013²

$10.00

Special distributions per share of common stock as of January 2020³

$12.54

NAV per share following special distribution

$1.25

Ordinary Distributions Over the Life of the Vehicle
Total investor distributions paid per share since inception (prior to the special distribution in January 2020)	$3.35⁴

Ordinary Distributions Over the Life of the Vehicle

Total investor distributions paid per share since inception
(prior to the special distribution in January 2020)

$3.35⁴

Industrial Income Trust

Industrial Income Trust (IIT) was a non-traded REIT that started in 2010. The company acquired more than 60 million square feet from 2010-2013 and was sold in 2015.⁵

Event & Date
Initial Offering Price as of March 2010 ⁶	$10.00
Cash distribution paid per share to investors upon completion of the merger in November 2015	$10.56
Additional cash distribution paid per unit to investors upon the sale of the remaining properties in December 2017	$0.55

Event & Date

Initial Offering Price as of March 2010 ⁶

$10.00

Cash distribution paid per share to investors upon completion of the merger in November 2015

$10.56

Additional cash distribution paid per unit to investors upon the sale of the remaining properties in December 2017

$0.55

Ordinary Distributions Over the Life of the Vehicle
Prior to the merger distribution in November 2015, total investor distributions paid per share since inception ⁷	$3.65

Ordinary Distributions Over the Life of the Vehicle

Prior to the merger distribution in November 2015, total investor distributions paid per share since inception ⁷

$3.65

¹Positive returns are not guaranteed. All investment strategies are subject to risk and there can be no assurance that any investment offered by Black Creek Group will meet its objectives.

²The initial offering price was arbitrarily determined by IPT’s board of directors prior to having raised any capital or invested in any assets. The offering price varied during the life of the company and later stockholders paid higher offering prices per share.

³Less applicable distribution fees.

⁴These are the total distributions paid per share to stockholders in the ordinary course, assuming they had invested at inception. The actual amount of ordinary distributions received by individual stockholders will vary.

⁵Concurrently with the closing of the merger, IIT transferred 11 properties then owned by IIT that were under development or in the lease-up stage (the “Excluded Properties”) to a liquidating trust, the beneficial interests in which were distributed pro rata to IIT stockholders. The liquidating trust sold the Excluded Properties to a private Black Creek industrial fund in December 2017 and distributed the net cash proceeds of the sale, in the amount of $0.55 per unit, to the unit holders. Academy Partners Ltd. Liability Company (“Academy Partners”) is the former owner and user of the name “Industrial Income Trust Inc.,” “Industrial Income Trust” and “IIT” (the “Trademarks”) and Global Logistic Properties (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.

⁶The initial offering price was arbitrarily determined by IIT’s board of directors prior to having raised any capital or invested in any assets. The offering price varied during the life of the company and later stockholders paid higher offering prices per share.

⁷These are the total distributions paid per share to stockholders in the ordinary course, assuming they had invested at inception. The actual amount of ordinary distributions received by individual stockholders varied based on when they invested and whether they elected to receive cash distributions or to have their distributions reinvested in additional shares.

Closed Real Estate Investment Solutions

Industrial Property Trust

Industrial Income Trust

DCT Industrial

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