Closed Vehicles

¹Positive returns are not guaranteed. All investment strategies are subject to risk and there can be no assurance that any investment offered by Black Creek Group will meet its objectives.

²The initial offering price was arbitrarily determined by IPT’s board of directors prior to having raised any capital or invested in any assets. The offering price varied during the life of the company and later stockholders paid higher offering prices per share.

³Less applicable distribution fees.

⁴The amount and timing of the final liquidating distribution is subject to the approval of IPT’s board of trustees.

⁵These are the total distributions paid per share to stockholders in the ordinary course, assuming they had invested at inception. The actual amount of ordinary distributions received by individual stockholders will vary.

⁶Concurrently with the closing of the merger, IIT transferred 11 properties then owned by IIT that were under development or in the lease-up stage (the “Excluded Properties”) to a liquidating trust, the beneficial interests in which were distributed pro rata to IIT stockholders. The liquidating trust sold the Excluded Properties to a private Black Creek industrial fund in December 2017 and distributed the net cash proceeds of the sale, in the amount of $0.55 per unit, to the unit holders. 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.

⁷The initial offering price was arbitrarily determined by IIT’s board of directors prior to having raised any capital or invested in any assets. The offering price varied during the life of the company and later stockholders paid higher offering prices per share.

⁸These are the total distributions paid per share to stockholders in the ordinary course, assuming they had invested at inception. The actual amount of ordinary distributions received by individual stockholders varied based on when they invested and whether they elected to receive cash distributions or to have their distributions reinvested in additional shares.