UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 28, 2018
 
 
 BLACK CREEK DIVERSIFIED PROPERTY FUND INC.
(Exact name of registrant as specified in its charter)
 
 
Maryland
 
000-52596
 
30-0309068
(State or other jurisdiction
of incorporation)
 
(Commission File No.)
 
(IRS Employer
Identification No.)
518 Seventeenth Street, 17th Floor Denver, CO
 
80202
(Address of principal executive offices)
 
(Zip code)
(303) 228-2200
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐
 
 
 
 
 






Item 8.01    Other Events.
Disposition of Real Property
On June 28, 2018, Black Creek Diversified Property Fund Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) disposed of one building from a two-building office property in East Bay, CA comprising 0.2 million net rentable square feet (“3 Park Place”) to an unrelated third party for a purchase price of $55.1 million. 3 Park Place was vacant on the date of disposition. The resulting impact, applied to our real estate portfolio as of March 31, 2018, contributed to an increase in our portfolio’s leased percentage from 87.8% to 90.3%.
After giving effect to the disposition transaction above, the following summarizes our investments in real properties as of March 31, 2018:
($ and square feet in thousands)
 
Number of Markets (1)
 
Number of Properties
 
Rentable Square Feet
 
Aggregate Fair Value (2)
Office properties
 
12

 
15

 
3,065

 
$
1,111,150

Retail properties
 
8

 
30

 
3,216

 
861,950

Industrial properties
 
3

 
3

 
1,071

 
65,700

Total real estate portfolio
 
19

 
48

 
7,352

 
$
2,038,800

 
(1)
Reflects the number of unique markets by segment and in total. As such, the total number of markets does not equal the sum of the number of markets by segment as certain segments are located in the same market.
(2)
Aggregate fair value based on our estimated fair value of these investments as of March 31, 2018.





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
Black Creek Diversified Property Fund Inc.
July 9, 2018
 
 
By:
/s/ LAINIE P. MINNICK
 
 
Lainie P. Minnick
Managing Director, Chief Financial Officer and Treasurer