Non-traded, daily NAV REIT, RREEF Property Trust has obtained a NASDAQ ticker symbol for its Class A and Class B common stock. Class A common stock is under the ticker symbol “ZRPTAX” and Class B is under the ticker symbol “ZRPTBX”.
The ticker symbols allow investors to view daily pricing as well as corporate data through NASDAQ Mutual Fund Quotation Service (MFQS) in addition to other vendors. MFQS is built to provide the public with information on mutual funds, money market funds, unit investment trusts (UITs), annuities, structured products, and alternative investment products (AIPs).
MFQS seeks to “Promote the widespread distribution of fund price data — including net asset values (NAVs), offer/market prices and dividends — via the print and electronic media at no charge to the end user.”
RREEF Property Trust is sponsored and advised by RREEF America L.L.C., which together with its affiliates in Europe and Asia makes up the real estate investment business of Deutsche Asset & Wealth Management, which is a division of Deutsche Bank A.G., or Deutsche Bank.
“The ability to acquire NASDAQ tickers for RREEF Property Trust Inc.’s Class A and B shares indicates the industry’s recognition of these types of investment structures,” commented Todd Henderson, Head of Real Estate, Americas at Deutsche Asset & Wealth Management. He continued, “This is a testament of Deutsche AWM’s ability to deliver an institutional-quality, direct property strategy to individual investors who seek real assets to further diversify their portfolios.”
Launched in 2012, RREEF invests in real estate, traded real estate securities, real estate-related debt, and cash equivalents. As of July 2, 2014, the company owned four properties across the United States.