BLACK CREEK INDUSTRIAL REIT IV INC.
AMENDED AND RESTATED SHARE REDEMPTION PROGRAM
As adopted by the Board of Directors, effective August 4, 2021
Advisor — Shall mean Ares Commercial Real Estate Management LLC.
Advisory Agreement — Shall mean the Third Amended and Restated Advisory Agreement (2021), dated July 1, 2021, by and among Black Creek Industrial REIT IV Inc., BCI IV Operating Partnership LP and Ares Commercial Real Estate Management LLC., as amended from time to time.
Class I shares — Shall mean the shares of the Company’s common stock classified as Class I.
Class T shares — Shall mean the shares of the Company’s common stock classified as Class T.
Class W shares — Shall mean the shares of the Company’s common stock classified as Class W.
Company — Shall mean Black Creek Industrial REIT IV Inc. References herein to “we,” “our,” or “us” refer to the Company.
Code — Shall mean the Internal Revenue Code of 1986, as amended.
Early Redemption Deduction — Shall have the meaning given herein.
NAV — Shall mean the net asset value of the Company or one or more classes of its shares, as the context requires, determined in accordance with the Company’s valuation policies and procedures.
Offering — Shall mean any ongoing public offering of shares of our common stock, whether in a primary offering or pursuant to the Company’s distribution reinvestment plan.
Operating Partnership — Shall mean BCI IV Operating Partnership LP.
Operating Partnership Agreement — Shall mean the Eighth Amended and Restated Limited Partnership Agreement of the Operating Partnership dated as of July 1, 2021, as amended from time to time.
OP Units — Shall mean limited partnership interests in the Operating Partnership.
Redemption Date — Shall have the meaning given herein.
SEC — Shall mean the United States Securities and Exchange Commission.
Securities Act — Shall mean the Securities Act of 1933, as amended.
Sponsor — Shall mean Ares real estate group.
Stockholders or stockholders — Shall mean the holders of Class T, Class W, or Class I shares. Stockholders may be referred to as “you” or “your” within the context of this document.
Transaction Price — Shall mean the price at which a share will be redeemed, which will generally be equal to the most recently disclosed monthly NAV per share for the applicable class of shares. The Company may use a Transaction Price other than the most recently disclosed monthly NAV in cases where the Company believes there has been a material change (positive or negative) to the Company’s NAV per share relative to the most recently disclosed monthly NAV per share.