The board of Black Creek Diversified Property Fund Inc., a publicly registered NAV REIT formerly known as Dividend Capital Diversified Property Fund, has appointed Lainie Minnick to serve as managing director, chief financial officer and treasurer of the company, effective April 30, 2018. Minnick’s predecessor, Michael Kirk Scott, is resigning after a decade with the company to pursue other opportunities.
In her new role, Minnick will oversee debt capital markets initiatives, financial reporting and forecasting, treasury management, the application of the company’s NAV policies and procedures, accounting, tax compliance and other related areas of responsibilities.
Since joining Black Creek in February 2007, she has overseen the execution of approximately $10 billion of financings and associated interest rate hedging strategies for Black Creek affiliates, collectively.
Minnick has served as managing director, head of debt capital markets for Black Creek Diversified Property Fund, and affiliated non-traded REITs Black Creek Industrial REIT IV Inc. and Industrial Property Trust Inc. since April 2017. She previously served as the companies’ senior vice president of finance.
Prior to joining Black Creek in 2007, Minnick was a project executive for Urban Villages Inc., a Denver-based real estate development firm. She previously worked for Goldman Sachs, most recently as a vice president working exclusively with the Whitehall Funds, a series of global real estate opportunity funds.
Prior to joining Goldman Sachs, Minnick worked for Goldman subsidiary Archon Group, where she was responsible for real estate related portfolio management and loan asset management efforts.
Minnick holds a bachelor’s degree from Southern Methodist University and an Master of Business Administration degree from the Wharton School at the University of Pennsylvania.
Black Creek Diversified Property Fund, based in Denver, Colorado, invests in a portfolio of commercial real estate assets. The company’s original offering went effective in January 2006 and has raised more than $2.4 billion in investor equity through multiple follow-on offerings. The company owned 48 properties with an investment cost of approximately $2 billion, as of December 31, 2017.