Dividend Capital Diversified Property Fund Announces Acquisition of a San Francisco Office Building
(firmenpresse) - DENVER, CO -- (Marketwired) -- 11/14/13 -- Dividend Capital Diversified Property Fund Inc. ("DPF" or "the Company"), a public reporting, daily NAV REIT (NASDAQ: ZDPFEX) (NASDAQ: ZDPFAX) (NASDAQ: ZDPFWX) (NASDAQ: ZDPFIX), announced today the acquisition of an office building located at 655 Montgomery Street in San Francisco, CA.
On November 7, 2013, DPF acquired a 25-story Class-A, LEED Platinum office and condo tower located in the financial district of San Francisco. The building totals approximately 268,849 square feet of commercial space and is currently 85% leased.
"655 Montgomery highlights our strategy of investing in high-quality, institutional assets in supply constrained markets with exceptional tenant demand," said Jeff Johnson, CEO of the Company.
"Our coordinated acquisition strategy has led to acquiring an irreplaceable asset, in a highly sought after market, at a very good value," said Michael Lynch, President of the Company. "Our nationwide, diversified platform provides us a significant pipeline of acquisition opportunities. We continue to be very selective; 655 Montgomery represents our first acquisition after pursuing more than $3 billion of opportunities in 2013."
Dividend Capital Diversified Property Fund is a public reporting, daily NAV vehicle based in Denver, CO that invests in a diversified portfolio of commercial real estate assets. The company currently owns 82 properties totaling approximately 15.2 million square feet in 30 geographic markets. More information is available at .
This material may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "expect(s)," "could," "should," and "continue" and similar statements are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results that are materially different than those described in the forward-looking statements. Dividend Capital Diversified Property Fund cannot give assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Dividend Capital Diversified Property Fund's expectations include, but are not limited to, the uncertainty of funding Dividend Capital Diversified Property Fund's future capital needs, delays in the acquisition, development, and construction of real properties, changes in economic conditions generally and the real estate and securities markets specifically, and other risks detailed from time to time in Dividend Capital Diversified Property Fund's Securities and Exchange Commission reports. Such forward-looking statements pertain only as of the date of this press release. Dividend Capital Diversified Property Fund expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based.
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Datum: 14.11.2013 - 09:37 Uhr
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News-ID 1283416
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