DENVER, CO -- (Marketwired) -- 07/02/13 -- Dividend Capital Diversified Property Fund Inc. ("DPF" or "the Company"), a public, daily, NAV REIT, announced today that J. Michael Lynch, an experienced commercial real estate leader, has been appointed President. Lynch joins his former Equity Office Properties Trust (formerly NYSE: EOP) colleagues, Jeff Johnson and Richard Kincaid.
Prior to joining the Company, Lynch worked for GE Capital and served as the Chief Investment Officer for Arden Realty, Inc. Before that, Lynch worked closely with Johnson and Kincaid at Equity Office as the Senior Vice President of Investments. While at Equity Office, he managed office investment activity throughout the United States, and completed transactions valued at more than $1.5 billion of core and core-plus properties. Lynch was instrumental in expanding the Equity Office presence into Austin, Texas and many west coast markets. Equity Office was the largest publicly traded REIT and owner/manager of office properties in the United States. Lynch was instrumental in the transaction when it was acquired in 2007 by Blackstone Group for $39 billion.
"Michael is one of the best multi-asset investors I know. He is an outstanding strategist and amazing developer of talent," said CEO, Jeff Johnson. "Michael's leadership will serve the Company and investors well throughout all of the real estate cycles."
Lynch has more than 30 years of experience in acquisitions, dispositions, joint ventures and development strategies. In addition to his positions with Arden Realty, Inc. and Equity Office, Lynch was the Director of Acquisitions for PS Business Parks and development partner at The Parkway Companies.
"DPF has a portfolio of high-quality assets and a unique structure for investors in the commercial real estate asset class. I look forward to this great opportunity to join the team and contribute to the Company's strategy and growth," said Lynch.
"Attracting someone of Michael's caliber is a testimony to the opportunity that lies ahead for our company," said Chairman, Richard Kincaid. "His value investing skills are a perfect fit for us."
Lynch serves as an Advisory Board member for American Homes 4 Rent. He is a full member of the Urban Land Institute. Lynch received his bachelor of science degree in economics, cum laude, from Mount Saint Mary's College and his master's degree in architecture from Virginia Polytechnic Institute.
About Dividend Capital Diversified Property Fund
Dividend Capital Diversified Property Fund is a daily NAV vehicle based in Denver, CO that invests in a diversified portfolio of commercial real estate assets. As of March 31, 2013, the company owned 92 operating properties totaling approximately 17.5 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.
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