Investment Strategy

Overview

DPF is constructed using a clear, repeatable institutional process.

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Access to Institutional-Quality Assets

Direct Real Estate Property Ownership1

As of September 30, 2017

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Existing Portfolio (as of September 30, 2017)
$2.3 billion portfolio
53 properties
20 geographic markets
Approximately 8.6 million net rentable square feet
Diversified tenant base — approximately 500 customers
Total portfolio approximately 89.5% leased
5.0-year average portfolio lease term by annualized base rent
Debt to asset ratio:2 50.5%
Weighted average interest rate: 3.4%
Select Corporate Tenants4
Alliant Techsystems Nordstroms
Amazon.com Novo Nordisk
Apple, Inc. Procter & Gamble
Bank of America Publix Super Markets
Charles Schwab & Company, Inc. Seton Healthcare Network
CVS Starbucks
Flextronics International USA, Inc. Stop & Shop
Home Depot The TJX Companies, Inc.
WeWork Whole Foods Market

Diversified by Geography3

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Property Type Allocation3

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1 Based on fair value, real property only. Markets shown comprise greater than 2% of the total fair value of DPF’s real property portfolio.
2 Total principal outstanding under DPF’s total borrowings divided by the fair value of DPF’s real property and debt investments.
3 Measured by fair value, real property only.
4 None of the tenants named have endorsed Black Creek Diversified Property Fund or its public offering. The names are included only for purposes of your evaluation of the quality of the tenant base of the properties owned and operated by Black Creek Diversified Property Fund.