RREEF Property Trust Announces Decrease in Daily NAV Per Share

RREEF Property Trust Inc., a publicly registered daily net asset value real estate investment trust advised by DWS Group, reported an updated daily net asset value per share of its common stock for September 2023.

Class A shares had an NAV per share of $14.32 on August 31 and $14.12 on September 29, a decrease of 1.4%.

Class I shares had an NAV per share of $14.41 on August 31 and $14.21 on September 29, a decrease of 1.4%.

Class T shares had an NAV per share of $14.45 on August 31 and $14.24 on September 29, a decrease of 1.5%.

Class D shares had an NAV per share of $14.43 on August 31 and $14.22 on September 29, a decrease of 1.5%.

Class M-I shares had an NAV per share of $14.33 on August 31 and $14.12 on September 29, a decrease of 1.5%.

Class T2 shares had an NAV per share of $14.27 on August 31 and $14.07 on September 29, a decrease of 1.4%.

Class N shares had an NAV per share of $14.33 on August 31 and $14.13 on September 29, a decrease of 1.4%.

Class A and Class T shares are available to the general public and Class I are available through fee-based programs and to institutional investors. Class D shares are currently being offered through a private placement offering while Class N shares are not available for purchase except through the REIT’s distribution reinvestment plan.

RREEF Property Trust invests primarily in income-producing commercial real estate located in the United States, including office, industrial, retail and apartment properties. The REIT also invests in the common and preferred stock of REITs and other real estate companies and debt investments backed principally by real estate.

As The DI Wire previously reported, the company recently agreed to expand the premises of its 1109 Commerce Corner investment to accommodate the growth initiatives of an existing tenant, Performance FoodGroup.

As of June 30, 2023, RREEF Property Trust’s real estate portfolio included 14 properties valued at $599.7 million, while its real estate securities portfolio was valued at $26.9 million and a CMBS real estate loan investment held a net fair value of $31.2 million. The company has raised approximately $383 million via a series of public and private offerings since January 2013. On Aug. 10, 2023, the company commenced its fourth public offering of up to $2 billion of common stock.

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