Home News Black Creek Diversified Property Fund Increases Monthly Dividend

Black Creek Diversified Property Fund Increases Monthly Dividend

The board of Black Creek Diversified Property Fund Inc., a public reporting NAV REIT formerly known as Dividend Capital Diversified Property Fund, approved a monthly dividend increase for each class of common stock of $0.03125 per share, for January, February, and March.

The previous monthly dividend was $0.03000 per share, and this is the company’s second dividend increase since becoming an NAV REIT.

The dividends will be paid on or around 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.

“We are pleased with today’s announcement,” said Greg Moran, managing director and chief investment officer. “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, Colorado that invests in a diversified portfolio of commercial real estate assets. The company owned 53 properties with an investment cost of $2.5 billion, as of September 30, 2017. The offering was declared effective by the SEC in January 2006 and has raised $2.4 billion in investor equity.

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