UNLOCK THE POWER OF THE VAULT

Black Creek Diversified Property Fund Raises Distribution

December 19, 2017

Black Creek Diversified Property Fund Raises Distribution

December 18, 2017 | James Sprow | Blue Vault

closeup money in male hands

Black Creek Diversified Property Fund Inc. (“DPF”), a public reporting NAV REIT, announced today that its board of directors authorized for each class of common stock a monthly dividend of $0.03125 per share, subject to adjustment for class-specific fees, for each of the months ending January 31, 2018, February 28, 2018 and March 31, 2018, an increase from the prior monthly dividend of $0.03000 per share, subject to adjustment for class-specific expenses.  This is DPF’s second dividend increase since becoming an NAV REIT.  The dividends will be paid on or about the last business day of January, February and March 2018 to stockholders of record as of the close of business on the last business day of January, February and March 2018, respectively.

As of September 30, 2017, the distribution yields, after share class-specific fees, were 4.83% for Class E and Class I shares, 3.99% for Class A/T shares, and 4.58% for Class W/D shares, based on the REIT’s NAV per share of $7.45 at that date.  With the increase in distributions, those yields would increase by roughly 17 basis points each for the same NAV per share. 

“We are pleased with today’s announcement,” said Greg Moran, Managing Director and Chief Investment Officer of DPF and head of the retail group at Black Creek Group, an affiliate of DPF’s sponsor. “The performance of our portfolio, coupled with our strong balance sheet, allowed us to increase the dividend while balancing our objective to promote longer-term total shareholder return.”

Black Creek Diversified Property Fund is a public reporting, NAV vehicle-based in Denver, CO that invests in a diversified portfolio of commercial real estate assets. DPF owned 53 properties totaling approximately 8.6 million square feet in 20 geographic markets as of September 30, 2017.

The REIT had common share sales in November of $7.08 million and year-to-date sales of $43.2 million according to Blue Vault’s recent November 2017 Nontraded REIT sales report.  Black Creek’s latest NTR program, Black Creek Industrial REIT IV is also raising capital.   

More information is available at www.blackcreekdiversified.com.

 

didyouknow_sponsorfocus-green

Learn more about Black Creek Group on the Blue Vault Sponsor Focus page.

Click Here

 

Black Creek Diversified Property Fund Sells Centerton Square in Philadelphia

Black Creek Group Issues 2Q17 Real Estate Market Cycle Report

Dividend Capital DPF Renamed Black Creek Diversified Property Fund, Lowers Fees

Go Back
Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.