Black Creek Industrial REIT IV Inc., a publicly registered non-traded real estate investment trust, has updated the monthly per share net asset value for its Class T, Class W, and Class I common stock, as of January 31, 2021.
As of January 2021, the REIT valued its Class T, Class W, and Class I shares at approximately $10.16 per share, compared to roughly $10.14 per share the previous month. Shares were originally priced at $10.00 each.
Class T shares are available to the general public; Class W shares are generally available through fee-based programs known as wrap accounts; and Class I shares are available to institutional investors.
The NAV per share is based on the estimated value of the company’s assets, less the estimated value of its liabilities divided by the number of outstanding shares, all as of January 31, 2021. Altus Group U.S. Inc., a third-party firm, assisted with the valuation process.
As of January 31, 2021, the REIT had nearly $1.48 billion investments in industrial properties, compared to $1.45 billion the previous month. Investments in unconsolidated joint venture partnerships increased from $375.5 million in December to $376.1 million in January.
Cash and cash equivalents increased from $232.4 million to $243.1 million month-over-month, and other assets decreased from approximately $12.6 million to $9.4 million.
Lines of credit, term loan and mortgage notes remained unchanged at ($582.8 million), while other liabilities decreased from ($43.3 million) in December to ($31.4 million) in January.
Black Creek Industrial REIT IV’s initial public offering was declared effective by the SEC in July 2017 and has raised nearly $1.5 billion in investor equity, as of December 2020. As of January 2020, the REIT owned and managed, either directly or through joint venture partnerships, a total real estate portfolio of 130 industrial buildings totaling 29.8 million square feet, located in 23 markets throughout the United States.