Dividend Capital Diversified Property Fund Launches Follow-On Offering

Dividend Capital Diversified Property Fund Inc., a publicly registered non-traded real estate investment trust, stopped offering shares under its “best efforts” public offering of up to $3 billion of Class A, Class W and Class I shares, which was originally declared effective on July 12, 2012.

On Wednesday, the Securities and Exchange Commission declared the company’s registration statement effective, and the company will offer a follow-on “best efforts” offering of up to $1 billion Class A, Class I and Class W shares of common stock, of which $750 million are expected to be offered to the public in a primary offering and $250 million are expected to be offered to stockholders in their distribution reinvestment plan.

Dividend Capital Securities LLC served as dealer-manager for the prior offering and will continue serve as dealer-manager for the follow-on offering.

Dividend Capital Diversified Property Fund Inc. has raised $1.98 billion since 2006 through a series of offerings. As of June 30, 2015, the company’s portfolio consisted of 58 properties located in 20 U.S. markets totaling approximately 9.5 million square feet with an estimated value of approximately $2.3 billion.