DCT Industrial Trust Inc. , a leading industrial real estate investment trust, announced today investment and development transactions closed since the start of fourth quarter 2006. As part of its strategy to invest in high-quality industrial real estate buildings in target markets, DCT Industrial Trust:

* acquired 2.8 million square feet of industrial properties for a combined purchase price of $120.5 million, or $43.45 per square foot, including the company’s first property in the target market of Kansas City, KS;
* sold or contributed to funds 2.6 million square feet for $194.7 million, or $74.62 per square foot, including $52.0 million which closed in January 2007;
* completed the development of a 604,000 square foot distribution building in the Cincinnati, OH market leased to Cummins Inc. for a period of 10 years;
* executed a 408,000 square foot, 10-year lease with Newell Rubbermaid Inc. at SCLA through the company’s joint venture, Stirling Capital Investments; and
* announced entry into Mexico with an 859,000 square foot development venture in Monterrey.

“The investment activity recently completed demonstrates our ability to continue to identify value-added transactions which enhance our portfolio in target markets, expand our development program, enter Mexico and recycle capital through fund contributions and sales. The lease signed with Newell Rubbermaid at SCLA is significant because it represents first of many interested parties to commit to SCLA,” said Jim Cochran, President and Chief Investment Officer.

During the fourth quarter, DCT Industrial Trust completed six acquisitions of operating buildings with an average purchase price of $20.1 million, an average occupancy of 80.6% and an anticipated weighted average year-one yield of 6.7%. The total purchase price of acquisitions was $120.5 million and total square feet acquired was 2,773,000 with buildings located in the following markets:

Market Square Feet Acquired Buildings
——————– ————————— ———
Atlanta 125,000 1
Central Pennsylvania 378,000 1
Chicago 562,000 1
Kansas City 180,000 + 3.7 vacant acres 1
Northern California 351,000 1
San Antonio 1,177,000 13

Also during the fourth quarter of 2006, DCT Industrial Trust sold $117.8 million of industrial properties, including its Boston portfolio of six buildings, and contributed another $24.9 million of industrial buildings to its newly created joint venture, TRT/DCT Venture I. In addition, the company sold two service center buildings in January 2007 for $52.0 million.

Further, the company’s joint venture at the Southern California Logistics Airport (SCLA), Stirling Capital Investments, announced the execution of a 10-year lease for a 408,000 square foot build-to-suit bulk distribution facility for Newell Rubbermaid Inc. This will be the first of an anticipated 1.5 to 2.0 million square feet of new development to take place at SCLA within the next 12 to 18 months.

Separately, the company’s newly established joint venture, TRT/DCT Venture I, acquired two properties in December 2006. The two buildings, located in the Philadelphia and Northern California markets, total 525,000 square feet and were acquired by the venture for $32.4 million.

As previously announced, the company will enter Mexico though the execution of forward purchase commitments to acquire six buildings for a total of 859,000 square feet located in the Monterrey market. These acquisitions are expected to close between the third quarter 2007 and the third quarter 2008.

About DCT Industrial Trust

DCT Industrial Trust is a leading real estate company specializing in the ownership, acquisition, development and management of bulk distribution and light industrial properties located in 24 of the highest volume distribution markets in the U.S. as well as Mexico. As of December 31, 2006, DCT Industrial Trust owned, managed or had under development 402 properties totaling more than 63 million square feet leased to more than 750 corporate customers. Further information can be found at www.dctindustrial.com.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the federal securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond DCT Industrial Trust’s control and could materially affect actual results, performance or achievements. These factors include, without limitation, the ability to identify and acquire properties on favorable terms, dependence on tenants’ financial condition, the uncertainties of real estate development and acquisition activity, the ability to effectively integrate acquisitions, the costs and availability of financing, the effects of local economic and market conditions, regulatory changes and other risks and uncertainties detailed from time to time in DCT Industrial Trust’s filings with the Securities and Exchange Commission.

Contact:

For Media Questions:
Hewes Communications
Tucker Hewes, 212-207-9451
or
For Investor Questions:
DCT Industrial Trust Inc.
Rob Sistek, 303-597-2400

Source: DCT Industrial Trust Inc.

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