DENVER, CO--(Marketwired - Apr 2, 2013) - Dividend Capital Diversified Property Fund Inc. ("DPF" or "the Company"), a diversified public REIT, announced today that members of its leadership team have collectively made purchases of the Company's common stock in excess of $1 million using personal funds.
"This was not a typical incentive stock grant by the Company. Rather, by making a significant stock purchase with personal funds, our DPF leadership team has demonstrated its belief in the long-term value of the Company," said Jeff Johnson, Chief Executive Officer of DPF. "This stock purchase is another step aimed to structurally align the management team's interests with those of our shareholders. I applaud each individual's contribution to our goal of shareholder advocacy."
"A cash purchase of stock by board members and senior management of a public REIT is unique," explained Richard Kincaid, Chairman of the DPF Board of Directors. "This purchase demonstrates our belief in the current and future value of our Company."
Details regarding individual share purchases will be filed with the Securities and Exchange Commission as required pursuant to applicable securities laws.
About Dividend Capital Diversified Property Fund
Dividend Capital Diversified Property Fund is a public REIT that calculates a daily NAV; based in Denver, CO., the Company owns and operates a diversified portfolio of commercial real estate assets. As of December 31, 2012, the company owned 94 operating properties, totaling approximately 19.1 million net rentable square feet in 31 geographic markets. More information is available at www.dividendcapitaldiversified.com.
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.
Diversified Property Fund
518 17th Street 17th Floor
Denver, Colorado 80202