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Black Creek Group is a leading real estate investment management firm that has bought or built over $23 billion of properties throughout its more than 25-year history.
We manage diverse investment offerings across the spectrum of commercial real estate – including industrial, multifamily, office and retail – providing a range of solutions for investors.
We are hands-on; using an integrated approach with development, acquisition and asset management teams working closely together.
With our many years of commercial real estate experience, we have outstanding expertise in creating value for our investors. Scroll through to explore our interactive company timeline to see how we have grown from three founders to a company of approximately 300 employees with nine offices and more than 1,500 properties.
American Real Estate Investment Corporation launched. Raised $93 million of equity capital and acquired 21 properties, including in connection with strategic transactions in 1997, culminating in creation of Keystone Property Trust, which later sold to industrial REIT Prologis (NYSE: PLD) in 2004.1
Corporate Properties of the Americas launched. Raised $490 million of equity capital and acquired 94 properties. Liquidity event in 2005: Sold to an institutional investor.
Dividend Capital Total Realty Trust (TRT) launched as a non-traded real estate investment trust (REIT). Raised $1.8 billion in equity capital from retail investors and acquired 111 properties. In 2012, TRT restructured to become Black Creek Diversified Property Fund.
North American Industrial Fund launched with a focus on value-add investments across a range of real estate sectors. Raised $300 million of equity capital and acquired and developed 37 buildings. Liquidity event in 2013: LP-owned portion of the portfolio sold to IIT for $547 million.
Black Creek Group opened regional offices in Newport Beach, CA and Rutherford, NJ, capitalizing on local market acquisition, development and operational expertise and relationships.
Diversified Property Fund Inc. (DPF) launched as one of the first perpetual-life net asset value (NAV) REITs available to retail investors, owning and operating high-quality commercial real estate across multiple property types.
Black Creek Group opened office in Dallas, TX.
Industrial Property Trust Inc. (IPT) launched, a REIT that acquires and operates high-quality distribution warehouses. Raised $1.8 billion of equity capital from retail investors. Closed to new investors in 2017.3
Build-to-Core Industrial Partnership I LLC (BTC I) created as a joint venture with an institutional partner. $490 million of capital committed to develop more than 60 properties.
Black Creek Group opened office in Chicago, IL.
Black Creek Industrial REIT IV Inc. launched as one of the first finite-life NAV REITs, acquires and operates high-quality distribution warehouses and other industrial properties.
PREDEX Commercial Real Estate Interval Fund formed as a strategic partnership with PREDEX Capital Management to offer a 1940 Act interval fund that invests in institutional U.S. core property funds.
Exchange Program relaunched as Black Creek Exchange (BCX), using a master-lease structure guaranteed by DPF, providing real estate owners tax-deferred advantages.4
Institutional open-end fund launched.
Build-to-Core Industrial Partnership II LLC (BTC II) created, the second iteration of a joint venture with an institutional partner. $600 million of capital committed to develop industrial properties.
Build-to-Core III Industrial Partnership III LLC (BTC III) created, the third iteration of a joint venture with an institutional partner.
We consider investments one by one, combining our deep real estate expertise with our disciplined and repeatable institutional processes – rigorous research and due diligence combined with meticulous financial analyses. We do not deploy capital from a distance, but instead are owner-operators who actively manage the buying, selling and leasing of the properties in which we invest.
Black Creek Group brings local knowledge, an entrepreneurial spirit and institutional-quality processes to every real estate transaction. For more than 25 years, we have delivered a full array of quality investment solutions across core, value-add and opportunistic sectors.