RREEF Property Trust Inc. (NASDAQ: ZRPTAX; ZRPTIX; ZRPTTX), a publicly registered daily NAV REIT sponsored by DWS Group, reported that Julianna Ingersoll has resigned from her roles as chief executive officer, president, and member of the board of directors. Ingersoll, who was appointed CEO and president in May 2018, did not resign due to any disagreement with the company or its affiliates, the company said in an SEC filing.
To replace Ingersoll, chairman of the board Todd Henderson has assumed the position of CEO, while Anne-Marie Vandenberg will serve as its new president, chief operating officer, and director. Jas Hodzic was named vice president of property investments and an officer of the REIT.
“Our goal at RREEF Property Trust is to ensure sustainable performance for our existing and future stockholders,” said Henderson, who also serves as head of real estate, Americas at DWS. “Anne-Marie is a seasoned professional and a 14-year veteran of our firm. Her tenure and familiarity with the full breadth of our real estate platform and its resources will allow her to continue to leverage our investment process and extensive real estate human capital for the benefit of RREEF Property Trust shareholders.”
Prior to her appointment, the company noted that Vandenberg was leading the RREEF real estate defined contribution strategy. She joined DWS in 2004 and has held several roles within the real estate business, including head of real estate capital markets, where she was responsible for asset and fund level financings across the Americas private real estate platform.
Hodzic has been with the firm for 10 years, most recently working on the RREEF Property Trust’s real estate, portfolio and asset management team.
RREEF Property Trust employs a blended investment strategy that includes commercial real estate, publicly-traded real estate securities, real estate-related debt and cash and cash equivalents. The company focuses primarily on U.S. commercial real estate assets selected from the industrial, retail, office, and multifamily sectors.
The company’s initial public offering was declared effective by the SEC in January 2013 and had raised approximately $144 million as of the second quarter of 2018, according to Summit Investment Research. The company’s portfolio is comprised of eight properties purchased for $182.3 million.