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Black Creek Group Mourns Passing of Co-Founder John Blumberg

Black Creek Group, a real estate investment management firm and sponsor of non-traded direct investment programs, disclosed that its co-founder John Blumberg passed away on September 19th.

Black Creek Group, a real estate investment management firm and sponsor of non-traded direct investment programs, disclosed that its co-founder John Blumberg passed away on September 19th. He was 59 years old.

“It goes without saying that John was one of the smartest real estate investors in the world and a pioneer in the commercial real estate space, but more than that, he was a kind, compassionate friend and devoted family man,” the company said in a statement. “We are so grateful to have had the time we did with him to share his vision with all of you and lead our company into the incredible organization it is today. His entrepreneurial mind, humor and guidance will be missed by all, but his spirit will forever be at the foundation of who Black Creek Group is.”

“No words can adequately express our sadness at the loss of John or our gratitude for the opportunity to work with him. We will honor his memory by dedicating ourselves to this company and the people he loved so much.”

Blumberg was active in real estate acquisition, development and redevelopment activities for Black Creek Group since 1993. Over its 25-year history, the company has sponsored 23 investment platforms, including 17 institutional and six retail funds, which have acquired more than $18.2 billion of real estate assets.

Blumberg was also a director of non-traded REIT Black Creek Diversified Property Fund, as well as a manager of Black Creek Diversified Property Advisors, BCI IV Advisors, and Industrial Property Advisors, which are the advisors to Black Creek Diversified Property Fund, Black Creek Industrial REIT IV, and Industrial Property Trust, respectively.

Prior to co-founding Black Creek Group, Blumberg served as president of JJM Investments, which owned more than 100 shopping center properties in Texas. Since 2006, he served as chairman of Mexico Retail Properties, a firm that acquires, develops and manages retail properties throughout Mexico.

Our thoughts are with the Blumberg family and the Black Creek Group team during this difficult time.

For more Black Creek news, please visit their directory sponsor page here.

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