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DC Industrial Liquidating Trust wraps up $191M sale of 10-property portfolio

DC Industrial Liquidating Trust, through certain of its subsidiaries, closed on the sale of a 10-property portfolio for $190.5 million, before customary real estate prorations.

Using the net cash proceeds from the transaction, the trust plans to make an estimated distribution of about 55 cents net per unit of beneficial interest to its unit holders on or about Dec. 20.

The property portfolio was sold to certain units of Black Creek Industrial Open End Fund OP LP.