Black Creek Group is a leading real estate investment management firm that has bought or built over $22 billion of investments throughout its more than 25-year history. The firm manages diverse investment offerings across the spectrum of commercial real estate – including office, industrial, retail and multifamily – providing a range of investment solutions for both institutional and wealth management channels. Black Creek Group has seven offices across the United States with approximately 300 professionals. More information is available at 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 |
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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 | |||
| –Operating history of 25 years.
–More than 300 employees across North America. –9 Offices across North America. –Senior executives have 20+ years of experience. –Sponsored 18 investment platforms, including 13 institutional and 5 retail funds. –Owned and operated more than 1,600 office, industrial, retail and multifamily properties across North America. –Developed more than $3B of properties across North America. –Black Creek Group has executed more than $20 billion1 of real estate transactions through hundreds of separate closings.
1$22B in historic development and acquisition volume represents the total cost of real estate projects and loans secured by real estate acquired and/or developed by Black Creek Group, its affiliates and its direct and indirect owners, including James Mulvihill and Evan Zucker, from inception through December 31, 2019. *As of September 30, 2020. |
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| 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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| MIRA | Urban Mixed-Use Communities in Mexico | – | Open |
| MIRA is a fully-integrated real estate company focused on urban mixed-use community development throughout Mexico. | |||
| Gran Ciudad | Multifamily Real Estate in Mexico | Gran Ciudad | Open |
| Gran Ciudad is a fully-integrated real estate development and property management platform focused exclusively on multifamily rental housing in Mexico. | |||
| Mexico Retail Properties | Retail Real Estate in Mexico | – | Closed |
| Mexico Retail Properties is a fully integrated shopping center development company in Mexico, with a significant focus on Walmart-anchored centers. Sold to a leading institutional investor in 2012. Portal Britania and Santa Fe are part of Mexico Retail Properties (MRP). MRP was sold in December 2012, although it is still controlled by John Blumberg. | |||
| Infraestructura Institucional | Infrastructure in Mexico | – | Closed |
| Infraestructura Institucional is a platform that invests in the development of infrastructure projects throughout Mexico.
Controlling interest sold in 2012. |
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| Corporate Properties of America | Industrial Real Estate in Mexico | – | Closed |
| Corporate Properties of the Americas is fully integrated industrial real estate company operating in Mexico, designed to take advantage of the North American Free Trade Agreement.
Sold to a leading institutional investor in 2005. |
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