Filed Pursuant to Rule 424(b)(3)
Registration No. 333-222630
BLACK CREEK DIVERSIFIED PROPERTY FUND INC.
SUPPLEMENT NO. 7 DATED FEBRUARY 16, 2021
TO THE PROSPECTUS DATED SEPTEMBER 4, 2020
This prospectus supplement (this “Supplement”) is part of and should be read in conjunction with the prospectus of Black Creek Diversified Property Fund Inc., dated September 4, 2020 as supplemented by Supplement No. 1 dated September 4, 2020, Supplement No. 2 dated September 15, 2020, Supplement No. 3 dated October 15, 2020, Supplement No. 4 dated November 13, 2020, Supplement No. 5 dated December 15, 2020, and Supplement No. 6 dated January 15, 2021 (the “Prospectus”). Unless otherwise defined herein, capitalized terms used in this Supplement shall have the same meanings as in the Prospectus.
The purpose of this Supplement is to disclose:
| ● | the transaction price for each class of our common stock as of March 1, 2021; |
| ● | the calculation of our January 31, 2021 net asset value (“NAV”) per share, as determined in accordance with our valuation procedures, for each of our share classes; |
| ● | the status of this offering; |
| ● | update on our assets and performance; and |
| ● | updated experts information. |
● MARCH 1, 2021 TRANSACTION PRICE
The transaction price for each share class of our common stock for subscriptions accepted (and distribution reinvestment plan issuances) as of March 1, 2021 (and redemptions as of February 28, 2021) is as follows:
| | | |
Share Class | | Transaction Price (per share) |
Class T | | $ | 7.5611 |
Class S | | | 7.5611 |
Class D | | | 7.5611 |
Class I | | | 7.5611 |
Class E | | | 7.5611 |
The transaction price for each of our share classes is equal to such class’s NAV per share as of January 31, 2021. A calculation of the NAV per share is set forth below. The transaction price of our common stock for each share class equals the transaction price of such class, plus applicable upfront selling commissions and dealer manager fees.
● JANUARY 31, 2021 NAV PER SHARE
Our board of directors, including a majority of our independent directors, has adopted valuation procedures, as amended from time to time, that contain a comprehensive set of methodologies to be used in connection with the calculation of our NAV. Our most recent NAV per share for each share class, which is updated as of the last calendar day of each month, is posted on our website at www.blackcreekdiversified.com and is also available on our toll-free, automated telephone line at (888) 310-9352. Please see “Net Asset Value Calculation and Valuation Procedures” in our Prospectus for a more detailed description of our valuation procedures, including important disclosure regarding real property valuations provided by Altus Group U.S Inc. (the “Independent Valuation Advisor”). All parties engaged by us in the calculation of our NAV, including our Advisor, are subject to the oversight of our board of directors. Generally, all of our real properties are appraised each calendar month by the Independent Valuation Advisor, with such appraisals reviewed by our external advisor. Additionally, each real property is appraised by a third-party appraiser at least once per calendar year, as described in our valuation procedures.