RREEF Property Trust’s board has unanimously approved a plan to liquidate the nontraded REIT, sell its assets, distribute the remaining proceeds to stockholders, and dissolve the company. The plan remains subject to approval by holders of a majority of the shares entitled to vote.
The DWS-advised REIT expects to submit the proposal at a special stockholder meeting in early 2027. If approved, the company would be authorized to sell its assets in one or more transactions, pay or reserve for its liabilities and liquidation expenses, and distribute the remaining value to stockholders.
RREEF Property Trust immediately suspended its public and private offerings, share-redemption plan, and distribution-reinvestment plan. The company intends to continue paying monthly distributions while pursuing stockholder approval, subject to the board’s discretion.
The company cited heightened redemption activity and difficulty attracting new capital as factors leading the board to evaluate strategic alternatives. Its current portfolio consists of seven real estate investments across five states in the industrial, retail, residential, and office sectors. Jones Lang LaSalle Securities is serving as financial adviser.
The plan calls for commercially reasonable efforts to complete the liquidation and make the final distribution within two years after stockholder approval. Remaining assets could be transferred to a liquidating trust, but the company has not estimated the proceeds stockholders may ultimately receive or announced a timetable for initial liquidating distributions.
