Dividend Capital Diversified Property Fund Buys Florida Shopping Center for $66.5 Million

Dividend Capital Diversified Property Fund Inc., a publicly registered, daily NAV real estate investment trust, purchased Suniland Shopping Center in Pinecrest, Florida for $66.5 million.

Suniland Shopping Center is a retail property that comprises approximately 82,000 square feet and is currently 94 percent leased to 27 tenants including CVS and Citibank.

“Suniland sits at the front door to one of the most powerful trade areas in the entire southeast with outstanding demographics and substantial barriers to entry,” said Greg Moran, executive vice president at DPF. “We look forward to continuing Suniland’s long history as one of the top performing urban retail centers in south Florida.”

Dividend Capital Diversified Property Fund (NASDAQ: ZDPFEX, ZDPFAX, ZDPFWX, ZDPFIX) invests in a diversified portfolio of commercial real estate assets and owns 57 properties totaling approximately 9.3 million square feet. The company went effective in January 2006 and has raised $2 billion in investor equity since inception.

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