Thursday, 14 November 2013

Dividend Capital Diversified Property Fund Inc, announced today the acquisition of an office building located at 655 Montgomery Street in San Francisco, CA

Dividend Capital Diversified Property Fund Inc, 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."
About Dividend Capital Diversified Property FundDividend 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 www.dividendcapitaldiversified.com.

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