Experience

Why Invest with Black Creek Group?

We are Deeply Invested in Real Estate

At Black Creek Group, we invest in real estate from the ground up, building by building, scrutinizing and managing every aspect of every investment and seeking to create value for our shareholders. For more than 25 years, Black Creek’s investment professionals have developed, acquired, operated, financed and sold commercial and residential real estate in the United States and Mexico through a wide range of investments, all of which capitalize on our experience as real estate developers.

Real Estate Operators With Development Expertise

We take a rigorous, hands-on approach that benefits from proximity to our real estate investments.1

BCDFP Statistics

.

Expertise Across Property Types

We invest across the four major property types. A real estate industry professional manages each property type, and is supported by fully integrated due diligence, finance, acquisitions, asset management, accounting and reporting teams.

property-shilohroad

Industrial

retail

Retail

655 Montgomery, San Francisco

Office

apartment-complex

Multifamily2

.

Management Team

Richard Kincaid, Chairman of the Board

Richard Kincaid

Chairman of the Board

  • Chairman of the Board, Black Creek Diversified Property Fund Inc.
  • Former President and Chief Executive Officer of Equity Office Properties Trust until its acquisition by the Blackstone Group in February of 2007
  • Worked with EOP’s chairman, Sam Zell, for over 16 years acting as, among other roles, Executive Vice President, Chief Operating Officer and Chief Financial Officer. Supervised more than $11 billion in financing transactions at Equity Group Investments, Inc.
  • Held positions with Barclays Bank PLC and The First National Bank of Chicago
  • B.A. Wichita State University; MBA University of Texas

John Blumberg, Principal, Co-Founder

John Blumberg

Principal, Co-Founder

John Blumberg, is a principal of Black Creek Group, a Denver-based real estate investment firm he co-founded in 1993. He also was a co-founder of Mexico Retail Properties. In addition, he has served as a director of Black Creek Diversified Property Fund Inc. since January 2006, and also as the Chairman of the Board of Directors from January 2006 to September 2012 and Chairman of the Investment Committee from 2006 to present. Mr. Blumberg is a manager of Black Creek Diversified Property Advisors LLC, the advisor to Black Creek Diversified Property Fund Inc.; BCI IV Advisors LLC, the advisor to Black Creek Industrial REIT IV Inc; and Industrial Property Advisors LLC, the advisor to Industrial Property Trust Inc.

Mr. Blumberg has been active in real estate acquisition, development and redevelopment activities for Black Creek Group since 1993, and as of June 30, 2018, with affiliates, has overseen directly, or indirectly through affiliated entities, the acquisition, development, redevelopment, financing and sale of real properties having combined value of approximately $18.2 billion.

Mr. Blumberg received a bachelor’s degree from the University of North Carolina at Chapel Hill.

Raj Dhanda, Chief Executive Officer

Raj Dhanda

Chief Executive Officer

Raj Dhanda joined Black Creek Group in 2016 as President of Black Creek Group U.S., responsible for the oversight of distribution, marketing, product development, operations and legal functions. In April 2017, Mr. Dhanda was appointed President of Black Creek Diversified Property Fund Inc. and President of Black Creek Industrial REIT IV Inc. In May 2018, Mr. Dhanda was appointed Chief Executive Officer of Black Creek Group.

Prior to joining Black Creek Group, Mr. Dhanda spent 26 years at Morgan Stanley, leading key divisions of the firm’s Institutional and Wealth Management platforms, while also serving on the firm’s Management and Risk Committee for his last eight years. Most recently, he was Head of Investment Products and Services in Wealth Management, responsible for all of the products distributed by Morgan Stanley’s financial advisors. In this capacity, he worked closely with the firm’s financial advisors and third-party asset managers to design and distribute products offering a breadth of investment solutions. In addition, as a member of the division’s Executive and Operating Committees, Mr. Dhanda worked to develop strategies for the changing regulatory environment and the opportunities that technology and data offer today in the wealth management channels.

Mr. Dhanda holds a Bachelor’s degree in both Business Economics and Organizational Behavior & Management from Brown University.

Dwight Merriman, Head of Real Estate

Dwight Merriman

Head of Real Estate

Dwight Merriman joined Black Creek Group in 2010 as the CEO of Black Creek Group's industrial platform. Mr. Merriman currently serves as Head of Real Estate for Black Creek Group, responsible for the oversight of the investment process for industrial, office, retail and multi-family investments. In April 2017, Mr. Merriman was appointed Managing Director, Chief Executive Officer, Black Creek Diversified Property Fund Inc. Mr. Merriman has also served as Managing Director, Chief Executive Officer and a member of the Board of Directors of Industrial Property Trust Inc. since January 2013 and for Black Creek Industrial REIT IV Inc. since November 2014.

Mr. Merriman has been active in acquisition, development, and value-added investment opportunities, and in operations activities related to industrial and office properties since 1984. Prior to joining Black Creek Group, he served for three years as a Managing Director at Stockbridge Capital Group LLC; for seven years as a Managing Director at RREEF Funds where he started CalSmart, a $1.2 billion value-added real estate investment firm with the California Public Employees’ Retirement System; and for five years as Managing Director at Carr America Realty Corporation. Prior to that, Mr. Merriman spent 11 years developing office and industrial properties in Southern California with Overton, Moore & Associates.

Mr. Merriman holds a Bachelor of Science degree in Business Administration from the University of Southern California and an MBA from the University of California at Los Angeles.

Gregory Moran, Managing Director, Head of Retail & Chief Investment Officer

Gregory Moran

Managing Director, Head of Retail & Chief Investment Officer

Greg Moran joined Black Creek Group in 2005. He is the head of Black Creek Group’s retail platform. Mr. Moran also serves as Chief Investment Officer of Black Creek Diversified Property Fund Inc. In his tenure at Black Creek Group, Mr. Moran has led well over $3 billion of acquisitions and dispositions and presently oversees all of Black Creek Group’s activities in the U.S. retail sector.

Mr. Moran has been an active participant in the institutional real estate community since 1998. Prior to joining Black Creek Group, Mr. Moran was a Portfolio Manager in the Real Estate Investment Group for the Public Employees’ Retirement Association of Colorado as well as a Vice President in the Capital Markets Group at Sonnenblick-Goldman Company.

Mr. Moran received his Bachelor’s degree in Business Administration and Master’s Degree in Professional Accounting from the University of Texas at Austin – McCombs School of Business. He is also a CFA Charterholder and a member of the CFA Institute, Urban Land Institute, International Council of Shopping Centers, and the Pension Real Estate Association.

Scott Recknor, Managing Director, Head of Asset Management

Scott Recknor

Managing Director, Head of Asset Management

Scott Recknor joined Black Creek Group in 2010. He currently serves as the Head of Asset Management, responsible for oversight of all asset management functions including leasing, operations, third party property management, and portfolio capital management. During Mr. Recknor’s tenure at Black Creek Group, the industrial franchises have acquired, managed, and developed an industrial portfolio located in 25 top U.S. industrial markets.

Mr. Recknor’s additional professional experience includes regional management positions at AMB Property Corporation (NYSE: AMB), RREEF, The Goodyear Tire & Rubber Company (NASDAQ: GT) and Colliers International (NASDAQ: CIGI).

Mr. Recknor received his Bachelor of Arts degree in Political Science from the University of California – Irvine.

Josh Widoff, Managing Director, Chief Legal Officer

Josh Widoff

Managing Director, Chief Legal Officer

Josh Widoff joined Black Creek Group in 2007. He has served as Chief Legal Officer and Corporate Secretary since June 2018 and previously was Managing Director, General Counsel and Corporate Secretary of Black Creek Diversified Property Fund Inc., Black Creek Industrial REIT IV Inc., and Industrial Property Trust Inc.

Prior to joining Black Creek Group, Mr. Widoff was a partner of the Denver law firm of Brownstein Hyatt Farber Schreck, P.C., where he was active in the management of the firm, serving as chairman of both the firm’s Associate and Recruiting Committees and overseeing an integrated team of attorneys and paralegals servicing clients primarily in the commercial real estate business.

Mr. Widoff was named by the Denver Business Journal in 2012 as one of Denver’s Best Corporate Counsel, is an alumnus of Leadership Denver, and has served on many charitable, community and political boards during his career. Mr. Widoff serves as Vice Chair of the Board of Commissioners of the Denver Urban Renewal Authority where he heads the Redevelopment Committee. He currently also serves as a member of the board of directors of the U.S. subsidiary of a publicly-traded Canadian oil and gas company, Enerplus Resources (NYSEL ERF). Mr. Widoff also is an adjunct professor at the University of Colorado School of Law.

Mr. Widoff received his Bachelor’s Degree in Economics and Political Science from Trinity University and his Juris Doctor Degree from the University of Colorado School of Law.

Lainie Minnick, Managing Director, Head of Debt Capital Markets & Chief Financial Officer

Lainie Minnick

Managing Director, Head of Debt Capital Markets & Chief Financial Officer

Lainie P. Minnick joined Black Creek Group in 2007. She currently serves as the Head of Debt Capital Markets, responsible for overseeing the development and management of corporate and property level financing and interest rate hedging strategies and lending relationships for Black Creek Group’s lending platforms. In addition, Ms. Minnick serves as the Chief Financial Officer for Black Creek Diversified Property Fund Inc., overseeing financial reporting and forecasting, treasury management, application of NAV policies and procedures, accounting, tax compliance, and other related areas of responsibilities. Ms. Minnick has overseen the execution of over $10.0 billion of financings for Black Creek Group since 2007.

Prior to joining Black Creek Group, Ms. Minnick was a Project Executive for Urban Villages Inc., a Denver-based real estate development firm. She was previously with Goldman Sachs, most recently as Vice President working exclusively with Whitehall Funds, a series of global real estate opportunity funds. Based in both New York and London, Ms. Minnick was responsible for executing real estate related financing transactions throughout the U.S. and Europe. Prior to joining Goldman Sachs, Ms. Minnick worked for the Archon Group, a subsidiary of Goldman Sachs, where she was responsible for real estate related portfolio management and loan asset management efforts.

Ms. Minnick holds a Bachelor of Business Administration degree from Southern Methodist University and an MBA from the Wharton School at the University of Pennsylvania.

.

1 Represents the total cost of real estate projects and loans secured by real estate acquired and/or developed by Black Creek Group, its affiliates and its direct and indirect owners, including John Blumberg, James Mulvihill and Evan Zucker, from inception through June 30, 2018.

2 Property not owned by DPF.