|
Maryland
|
000-56032
|
47-1592886
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
¨
|
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))
|
|
Share Class
|
|
Transaction Price
(per share) |
||
Class T
|
|
$
|
10.0763
|
|
Class W
|
|
$
|
10.0763
|
|
Class I
|
|
$
|
10.0763
|
|
|
|
As of
|
||||||
(in thousands)
|
|
December 31, 2019
|
|
November 30, 2019
|
||||
Investments in industrial properties
|
|
$
|
923,600
|
|
|
$
|
812,550
|
|
Cash and cash equivalents
|
|
51,178
|
|
|
45,779
|
|
||
Other assets
|
|
1,423
|
|
|
7,297
|
|
||
Line of credit, term loan and mortgage notes
|
|
(464,826
|
)
|
|
(381,589
|
)
|
||
Other liabilities
|
|
(11,092
|
)
|
|
(12,724
|
)
|
||
Accrued performance component of advisory fee
|
|
(2,913
|
)
|
|
(2,562
|
)
|
||
Accrued fixed component of advisory fee
|
|
(593
|
)
|
|
(522
|
)
|
||
Aggregate Fund NAV
|
|
$
|
496,777
|
|
|
$
|
468,229
|
|
Total Fund Interests outstanding
|
|
49,302
|
|
|
46,512
|
|
(in thousands, except per Fund Interest data)
|
|
Total
|
|
Class T
Shares |
|
Class W
Shares |
|
Class I
Shares |
|
OP Units
|
||||||||||
As of December 31, 2019
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Monthly NAV
|
|
$
|
496,777
|
|
|
$
|
455,850
|
|
|
$
|
27,570
|
|
|
$
|
12,633
|
|
|
$
|
724
|
|
Fund Interests outstanding
|
|
49,302
|
|
|
45,240
|
|
|
2,736
|
|
|
1,254
|
|
|
72
|
|
|||||
NAV Per Fund Interest
|
|
$
|
10.0763
|
|
|
$
|
10.0763
|
|
|
$
|
10.0763
|
|
|
$
|
10.0763
|
|
|
$
|
10.0763
|
|
As of November 30, 2019
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Monthly NAV
|
|
$
|
468,229
|
|
|
$
|
432,183
|
|
|
$
|
23,640
|
|
|
$
|
11,682
|
|
|
$
|
724
|
|
Fund Interests outstanding
|
|
46,512
|
|
|
42,931
|
|
|
2,348
|
|
|
1,161
|
|
|
72
|
|
|||||
NAV Per Fund Interest
|
|
$
|
10.0669
|
|
|
$
|
10.0669
|
|
|
$
|
10.0669
|
|
|
$
|
10.0669
|
|
|
$
|
10.0669
|
|
|
|
Weighted-Average
Basis |
|
Exit capitalization rate
|
|
5.4
|
%
|
Discount rate / internal rate of return
|
|
6.4
|
%
|
Holding period of real properties (years)
|
|
10.0
|
|
Input
|
|
Hypothetical
Change |
|
Increase (Decrease)
to the NAV of Real Properties |
|
Exit capitalization rate (weighted-average)
|
|
0.25% decrease
|
|
3.3
|
%
|
|
|
0.25% increase
|
|
(3.0
|
)%
|
Discount rate (weighted-average)
|
|
0.25% decrease
|
|
2.0
|
%
|
|
|
0.25% increase
|
|
(1.5
|
)%
|
Net Distributions per Share
|
||||||||||||||
Month
|
|
Pay Date
|
|
Class T
Share
|
|
Class W
Share
|
|
Class I
Share
|
||||||
December 2019
|
|
1/2/2020
|
|
$
|
0.037
|
|
|
$
|
0.041
|
|
|
$
|
0.045
|
|
|
|
|
BLACK CREEK INDUSTRIAL REIT IV INC.
|
|
|
|
|
|
January 15, 2020
|
|
By:
|
/s/ THOMAS G. MCGONAGLE
|
|
|
|
Name: Thomas G. McGonagle
|
|
|
|
Title: Managing Director, Chief Financial Officer
|
|
|
/s/ Altus Group U.S., Inc.
|
January 15, 2020
|
|
Altus Group U.S., Inc.
|