Black Creek Group, a leading real estate investment management firm, was acquired by a subsidiary of Ares Management Corporation on July 1, 2021. Ares Management Corporation is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2021, including acquisition of Black Creek Group, which closed July 1, 2021, Ares Management’s global platform had approximately $262 billion of assets under management with approximately 2,000 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com and www.blackcreekgroup.com.
518 17th Street, 17th Floor
Denver, CO 80202
DIRECTORY SPOTLIGHT
303.869.4600
(Black Creek Group)
| Current and Former Offerings | |||
|---|---|---|---|
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| Year Founded | Sector | Structure | Senior Executives |
| 1993 | Real estate: Office, Industrial, Retail, Multifamily |
|
Jim Mulvihill, Co-Founder and Managing Partner
Evan Zucker, Co-Founder and Managing Partner Raj Dhanda, CEO, Black Creek Group |
| AUM* | Total Equity Raised* |
# of Liquidity Events* | # of Private Placement Programs* |
| $10.2 billion | $17.9 billion | 7 | |
| Notes | |||
| *As of July 1, 2021. | |||
| Name | Type | Website | Status |
|---|---|---|---|
| Black Creek Diversified Property Fund | Diversified REIT | Black Creek Diversified | Open |
| Black Creek Diversified Property Fund is a perpetual-life, non-traded monthly NAV REIT that owns and operates high-quality commercial real estate across multiple property types. | |||
| Black Creek Industrial REIT IV | Industrial REIT | Black Creek Industrial IV | Open |
| A non-traded real estate investment trust (REIT) that went effective in 2016 and expects to commence property operations in 2017 to acquire and operate high-quality distribution warehouses and other industrial properties. | |||
| Black Creek Exchange | 1031 Exchange | – | Open |
| Black Creek Exchange is a program that under IRC Section 1031 and 721, allows an owner of appreciated real estate to exchange an investment property for access to high-quality commercial real estate. | |||
| PREDEX Capital Management | Mutual Fund Sponsor | Predex Fund | Open |
| Offers a 1940 Act interval fund that invests in institutional U.S. core property funds. Black Creek Group has a strategic partnership with PREDEX Capital Management. | |||
| Industrial Property Trust | Industrial REIT | Industrial Property Trust | Closed |
| Industrial Property Trust (IPT) is a real estate investment trust (REIT) that acquires and operates high-quality distribution warehouses that are leased to corporate customers. Industrial Property Trust (IPT) sold substantially all of its assets in January 2020 and its remaining assets, minority interests in two portfolios, in July 2020. | |||
| DCT Industrial | Industrial REIT | – | Closed |
| DCT Industrial is an NYSE listed industrial REIT that was started in 2002 as a non-traded REIT called Dividend Capital Trust. Listed on the NYSE after an institutional IPO in 2006. DCT Industrial Trust is no longer affiliated with Black Creek Group. | |||
| Industrial Income Trust | Industrial REIT | – | Closed |
| Industrial Income Trust is a non-traded REIT started in 2010. The company acquired more than 60 million square feet from 2010-2013 and was sold in 2015.
Merged into an affiliate of Global Logistic Properties in 2015. Academy Partners Ltd. Liability Company (“Academy Partners”) is the former owner and user of the name “Industrial Income Trust Inc.,” “Industrial Income Trust” and “IIT” (the “Trademarks”) and Global Logistic Properties (or its affiliate), which is unrelated to Academy Partners and Black Creek Group, is the present owner and source of services provided under the Trademarks. |
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| Keystone Property Trust | Industrial Real Estate | – | Closed |
| Keystone Property Trust is a former NYSE industrial REIT whose predecessor company, American Real Estate Investment Corp. was founded by Black Creek in 1993. A strategic transaction and leveraged merger created Keystone in 1997.
Sold to leading industrial REIT Prologis in 2004. |
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