Home Alts News RREEF Property Trust Updates Daily NAV Per Share for August

RREEF Property Trust Updates Daily NAV Per Share for August

RREEF Property Trust Updates Daily NAV Per Share for August. Alternative investments, investment, NAV, net asset value, real estate, real estate investment trust, redemptions

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 August 2023.

Class A shares had an NAV per share of $14.28 on July 31 and $14.32 on August 31.

Class I shares had an NAV per share of $14.37 on July 31 and $14.41 on August 31.

Class T shares had an NAV per share of $14.40 on July 31 and $14.45 on August 31.

Class D shares had an NAV per share of $14.38 on July 31 0 and $14.43 on August 31.

Class M-I shares had an NAV per share of $14.28 on July 31 and $14.33 on August 31.

Class T2 shares had an NAV per share of $14.23 on July 31 and $14.27 on August 31.

Class N shares had an NAV per share of $14.29 on July 31 and $14.33 on August 31.

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.

As The DI Wire previously reported, RREEF Property Trust shares are now available for trading on LODAS Markets, an operator of a web-based marketplace for the secondary trading of illiquid real estate and alternative investments formerly known as Realto Inc.

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 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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