The principal owners of Dividend Capital, through affiliated entities, have sponsored the following industrial real estate programs that have gone full-cycle through a liquidity event:1
- DCT Industrial Trust Inc. (NYSE: DCT) (formerly known as Dividend Capital Trust Inc.), was listed on the New York Stock Exchange in December 2006
- Industrial Income Trust Inc. built and operated a national platform of high-quality distribution warehouses and completed its merger with and into an affiliate of Global Logistic Properties Limited for approximately $4.55 billion in November 20152
1None of these entities are presently controlled by affiliates of Dividend Capital. With respect to IPT, a liquidity event is not guaranteed and may be postponed. See Summary Risk Factors for a description of some adverse developments experienced by a program sponsored by direct and indirect owners of IPT’s sponsor.
2 Concurrently with the closing of the merger transaction, IIT transferred 11 properties then owned by IIT that were under development or in the lease-up stage (the “Excluded Properties”) to a liquidating entity (the “Liquidating Entity”), the beneficial interests in which were distributed pro rata to IIT stockholders. The Liquidating Entity currently anticipates that it will complete its liquidation within 12 to 24 months following the merger with the goal of maximizing the value of the Excluded Properties for IIT’s stockholders. 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 Dividend Capital, is the present owner and source of services provided under the Trademarks.