Tax Information

Real Estate Investment Trust Tax Information

For tax information regarding Black Creek Diversified Property Fund,
Black Creek Industrial REIT IV or Industrial Property Trust, please visit the below tax pages.


DC Liquidating Trust Tax Information

As noted in an 8K filed on December 8, 2017, the sale of DC Industrial Liquidating Trust’s (the “Trust’s” or “DCLT’s”) remaining assets has been finalized and proceeds were sent to unitholders on or about December 20, 2017.

The Trust was treated as a “grantor trust” for federal income tax purposes. As such, the tax consequences to a unitholder generally will be similar to those that would be experienced if the trust were treated as a partnership. As with a partnership, items of income, gain, loss, deduction, and credit derived from the Trust will be taxed at the unitholder level, and the Trust will not be taxed (i.e., no “double taxation”).


The Grantor Letter is an itemized statement which reports a unitholders allocable share of all of the various categories of income, gain, loss, deduction, and credit of the Liquidating Trust.

If the units are held in a taxable account, this information should be used in determining your taxable income.

If your units are held in a tax-exempt or qualified account you should send a copy of the Grantor Letter (include all pages) to the trustee or custodian of your account. The trustee or custodian will need this information to prepare your annual account statement. Tax-exempt accounts include Individual Retirement Accounts (IRAs) and other qualified accounts such as 401(k) plans, SEP IRAs, 403(B) accounts and profit sharing plans.

If you need a copy of your tax form, please use the buttons at the right. If you are unable to access these documents, please reach out to our Shareholder Operations Team by phone 888.310.9352 or email operations@blackcreekgroup.com. Please allow 24 hours for a response via email.

DCLT cannot and does not provide income tax advice or guidance. Unitholders of the Trust are urged to consult with their tax advisers as to their individual tax consequences and the appropriate tax reporting and tax treatment of their units.

 Frequently Asked Questions

1. How were the Trust and Holders of its Units taxed?

The Trust was treated as a “grantor trust” for federal income tax purposes. As such, the tax consequences to a unitholder generally will be similar to those that would be experienced if the trust were treated as a partnership. As with a partnership, items of income, gain, loss, deduction, and credit derived from the Trust will be taxed at the unitholder level, and the Trust will not be taxed (i.e., no “double taxation”).

2. When will I receive my Grantor Letter?

Grantor Letters will be mailed to unitholders around February 9, 2018.

3. How is the final distribution taxed?

Generally, the final distribution should be taxed as capital gain or loss based on the difference between each investor’s basis and the final $0.55 distribution amount. However, the taxation of the final distribution will depend on how a unitholder taxed 1) the initial receipt of units from the final distribution of Industrial Income Trust Inc. (“IIT”) and 2) the items of income, gain, loss, deduction and credit from the 2015, 2016 and 2017 Grantor Letters. Please consult with your tax advisor for assistance.

4. What is my basis in the Trust?

Your basis at liquidation equals the original basis as adjusted by the items of income, gain, loss, deduction and credit as reported on each year’s Grantor Letters including the final 2017 Grantor Letter.

5. What was my original basis?

The original basis in a unit of the Trust should be US$0.56 per unit, the fair market value of a unit on November 4, 2015, the date you received your units from the distribution of IIT. This information was reported on the final 1099-DIV issued by IIT. This basis amount assumes the taxation of the distribution from IIT was handled correctly. Please consult with your tax advisor for assistance.

6. How can I obtain my last 1099 from Industrial Income Trust for record of my original basis?

You can obtain your final Industrial Income Trust Inc. 1099 by accessing your account information here.

7. How do I get my 2015 and 2016 Grantor Letters?

You can obtain your previous Grantor Letters by accessing your account information here.

8. What should I do if I failed to submit my basis and/or previous Grantor Letters to my tax advisor?

Please consult with your tax advisor for assistance.