RREEF Property Trust Inc. (NASDAQ: ZRPTAX; ZRPTIX; ZRPTTX), a publicly registered, daily NAV real estate investment trust, has appointed Julianna Ingersoll as its new president and chief executive officer. Ingersoll will report to the board of directors and assume responsibility for the overall leadership, strategic direction and investment performance of the company.
For the past three years, Ingersoll was the chief operating officer of RREEF Property Trust, and prior to that, chief financial officer. Before joining the REIT, Ingersoll served in a number of strategic corporate investment roles across the real estate business for DWS and Deutsche Bank. Ingersoll Joined Deutsche Bank in 2001 as an analyst in the investment bank.
“Julianna brings a strategic mindset and strong commitment to the REIT and its stockholders,” said Todd Henderson, chairman of RREEF Property Trust and head of real estate, Americas at DWS. “She possesses invaluable market knowledge and real estate experience. Given her tenure with DWS, she knows our investment process intimately and will continue to leverage the resources of our organization to the benefit of RREEF Property Trust’s existing and future stockholders.”
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. RREEF Property Trust’s initial public offering was declared effective by the SEC in January 2013 and raised approximately $103 million as of the fourth quarter of 2017, according to Summit Investment Research. The company’s portfolio is comprised of eight properties purchased for $182.3 million.