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 July 2023.
The company’s shares for the month of July 2023 are below.
Class A shares had an NAV per share of $14.34 on June 30 and $14.28 on July 31.
Class I shares had an NAV per share of $14.43 on June 30 and $14.37 on July 31.
Class T shares had an NAV per share of $14.47 on June 30 and $14.40 on July 31.
Class D shares had an NAV per share of $14.45 on June 30 and $14.38 on July 31.
Class M-I shares had an NAV per share of $14.35 on June 30 and $14.28 on July 31.
Class T2 shares had an NAV per share of $14.29 on June 30 and $14.23 on July 31.
Class N shares had an NAV per share of $14.35 on June 30 and $14.29 on July 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.
Last week, the company reported that its third quarter 2023 redemption limit was already reached and that no further redemption requests would be accepted until Oct. 1, 2023.
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 March 31, 2023, RREEF Property Trust’s real estate portfolio included 15 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 conducted a series of public and private offerings since January 2013. The company has raised $376.8 million in investor equity via its public offerings, as of May 19, 2023.