REITs

REIT Programs

Dividend Capital has sponsored the following real estate investment trust (REIT) programs:

Active programs

Dividend Capital Diversified Property Fund — is a direct real estate investment program with a daily net asset valuation. This innovative real estate investment trust (REIT) owns and operates a diversified portfolio of high-quality real estate assets.

Industrial Property Trust — operates as a real estate investment trust (REIT) acquires and operates high-quality distribution warehouses that are leased to corporate customers.1 IPT will seek to acquire properties that produce rental revenue for IPT by means of the rents the corporate customers pay to use the properties for their businesses.

Closed programs

DCT Industrial Trust2 — is a real estate company that owns, operates and develops high-quality bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico. Dividend Capital Trust, the predecessor to DCT Industrial Trust prior to listing on the NYSE, raised approximately $1.7 billion of equity capital from 2003 - 2006.

Industrial Income Trust — a non-traded real estate investment trust (REIT) that owns and operates high-quality distribution warehouses and other industrial properties that are leased to creditworthy corporate customers. These properties produce income for the REIT by means of the rents the corporate customers pay to use the properties for their businesses.

1 Although IPT intends to focus its investment activities primarily on distribution warehouses and other industrial properties, our charter and bylaws do not preclude it from investing in other types of commercial property or real estate debt.

2 DCT Industrial Trust is no longer affiliated with Dividend Capital.