RREEF Property Trust (ZRPTIX) 10-Q 13 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	12-May-14	12-May-14
		Common Class A [Member]	Common Class B [Member]
Document Information [Line Items]	'	'	'
Entity Registrant Name	'RREEF Property Trust, Inc.	'	'
Entity Central Index Key	'0001542447	'	'
Document Type	'10-Q	'	'
Document Period End Date	31-Mar-14	'	'
Amendment Flag	'false	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q1	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Common Stock, Shares Outstanding	'	1,250,077	1,279,748

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
ASSETS	'	'
Land	$6,023,990	$6,023,990
Buildings and improvements, less accumulated depreciation of $318,234 and $192,616, respectively	14,514,850	14,640,468
Acquired intangible lease assets, less accumulated amortization of $631,220 and $410,215, respectively	5,330,754	5,551,759
Total investment in real estate assets, net	25,869,594	26,216,217
Investment in marketable securities	3,166,772	2,882,206
Total investment in real estate assets and marketable securities, net	29,036,366	29,098,423
Cash and cash equivalents	2,933,960	2,916,144
Receivables	249,551	266,756
Prepaids and other assets	706,520	22,505
Deferred financing costs, less accumulated amortization of $256,353 and $183,684, respectively	321,591	388,206
Total assets	33,247,988	32,692,034
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Line of credit	2,900,000	5,500,000
Accounts payable and accrued expenses	124,538	53,956
Due to affiliates	7,032,950	6,005,822
Acquired below market lease intangibles	775,300	789,033
Dividends payable	47,379	42,308
Other liabilities	128,246	125,843
Total liabilities	11,008,413	12,516,962
Stockholders' Equity:	'	'
Preferred stock, $0.01 par value; 50,000,000 shares authorized, none issued	0	0
Additional paid in capital	25,477,894	22,782,945
Accumulated deficit	-3,390,370	-2,454,206
Accumulated other comprehensive income (loss)	127,600	-175,571
Total stockholders' equity	22,239,575	20,175,072
Total liabilities and stockholders' equity	33,247,988	32,692,034
Common Class A [Member]	'	'
Stockholders' Equity:	'	'
Common stock	11,713	9,782
Common Class B [Member]	'	'
Stockholders' Equity:	'	'
Common stock	$12,738	$12,122

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Buildings and improvements, accumulated depreciation	$318,234	$192,616
Acquired intangible lease assets, accumulated amortization	631,220	410,215
Deferred finance costs, accumulated amortization	256,353	183,684
Off-market lease, unfavorable, accumulated depreciation	$15,800	$2,067
Preferred stock, par value (in usd per share)	$0.01	$0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in usd per share)	$0.01	'
Common stock, shares authorized (in shares)	1,000,000,000	'
Common Class A [Member]	'	'
Common stock, par value (in usd per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	1,171,274	978,160
Common stock, shares outstanding (in shares)	1,171,274	978,160
Common Class B [Member]	'	'
Common stock, par value (in usd per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	1,273,804	1,212,197
Common stock, shares outstanding (in shares)	1,273,804	1,212,197

CONSOLIDATED_STATEMENT_OF_OPER

CONSOLIDATED STATEMENT OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2014
Revenues	'
Rental and other property income	$544,218
Tenant reimbursement income	50,249
Investment income on marketable securities	25,521
Total revenues	619,988
Expenses	'
General and administrative expenses	588,037
Property operating expenses	80,083
Acquisition related expenses	38,542
Depreciation	125,618
Amortization	220,570
Total operating expenses	1,052,850
Operating loss	-432,862
Interest expense	-128,088
Net realized loss upon sale of marketable securities	-26,567
Net loss	($587,517)
Weighted average number of common shares outstanding:	'
Basic and diluted (in shares)	2,320,089
Net loss per common share:	'
Basic and diluted (in usd per share)	($0.25)

CONSOLIDATED_STATEMENT_OF_COMP

CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS (USD $)	3 Months Ended
	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]	'
Net loss	($587,517)
Other comprehensive loss:	'
Reclassification of previous unrealized loss on marketable securities into net loss	26,567
Unrealized gain on marketable securities	276,604
Total other comprehensive income	303,171
Comprehensive loss	($284,346)

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Total	Preferred Stock	Class A Common Stock	Class B Common Stock	Additional Paid in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Balance at Dec. 31, 2013	$20,175,072	$0	$9,782	$12,122	$22,782,945	($2,454,206)	($175,571)
Balance (shares) at Dec. 31, 2013	'	0	978,160	1,212,197	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Issuance of common stock, shares	'	0	195,913	49,103	'	'	'
Issuance of common stock, value	3,029,442	0	1,959	491	3,026,992	'	'
Issuance of common stock through the distribution reinvestment plan (in shares)	'	'	5,163	12,504	'	'	'
Issuance of common stock through the distribution reinvestment plan, value	217,739	'	52	125	217,562	'	'
Stock Redeemed or Called During Period, Shares	'	'	-7,962	'	'	'	'
Stock Redeemed or Called During Period, Value	-95,269	'	'	-80	-95,189	'	'
Distributions to investors	-348,647	'	'	'	'	-348,647	'
Dealer-manager fees	-23,965	'	'	'	-23,965	'	'
Other offering costs	-430,451	'	'	'	-430,451	'	'
Comprehensive loss	-284,346	'	'	'	'	-587,517	303,171
Balance at Mar. 31, 2014	$22,239,575	$0	$11,713	$12,738	$25,477,894	($3,390,370)	$127,600
Balance (shares) at Mar. 31, 2014	'	0	1,171,274	1,273,804	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended	11 Months Ended
	Mar. 31, 2014	Dec. 31, 2012
Cash flows from operating activities:	'	'
Net loss	($587,517)	$0
Depreciation	125,618	0
Net realized loss upon sale of marketable securities	26,567	0
Amortization of intangible lease assets	207,272	0
Amortization of deferred financing costs	72,669	0
Straight line rent	-32,539	0
Changes in assets and liabilities:	'	'
Receivables	-50,641	0
Prepaids and other assets	-184,015	0
Accounts payable and accrued expenses	61,340	0
Other liabilities	-1,452	0
Due to affiliates	824,132	0
Net cash provided by operating activities	461,434	0
Cash flows from investing activities:	'	'
Payments for Deposits	-500,000	'
Investment in marketable securities	-734,338	0
Proceeds from sale of marketable securities	715,615	0
Net cash used in investing activities	-518,723	0
Cash flows from financing activities:	'	'
Repayments of line of credit	-2,600,000	0
Proceeds from issuance of common stock	3,144,443	200,000
Payment of offering costs	-248,231	0
Distributions to investors	-343,577	0
Payments for Repurchase of Common Stock	-95,269	'
Common stock issued through the distribution reinvestment plan	217,739	0
Net cash provided by financing activities	75,105	200,000
Net increase in cash and cash equivalents	17,816	200,000
Cash and cash equivalents, beginning of period	2,916,144	0
Cash and cash equivalents, end of period	2,933,960	'
Supplemental Disclosures of Non-Cash Investing and Financing Activities:	'	'
Accrued offering costs payable to affiliates	388,502	0
Distributions declared and unpaid	47,379	'
Unrealized gain on marketable securities	303,171	0
Interest paid	23,507	0
Increase (Decrease) in Payable for Marketable Securities Purchased in Period	33,328	'
Increase (Decrease) In Receivable from Sale of Marketable Securities	$36,494	'

ORGANIZATION

ORGANIZATION	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
ORGANIZATION	'
	ORGANIZATION
	RREEF Property Trust, Inc. (the “Company”) was formed on February 7, 2012 as a Maryland corporation and has elected to qualify as a real estate investment trust (“REIT”) for federal income tax purposes. On February 14, 2012, RREEF America L.L.C., a Delaware limited liability company (“RREEF America”), the Company's sponsor and advisor, purchased 16,667 shares of the Company’s Class B common stock for a total cash consideration of $200,000 to provide the Company’s initial capitalization. Substantially all of the Company's business will be conducted through RREEF Property Operating Partnership, LP, the Company's operating partnership (the “Operating Partnership”). The Company is the sole general partner of the Operating Partnership and contributed $199,000 to the Operating Partnership in exchange for its general partner interest. RREEF Property OP Holder, LLC (the “OP Holder”), a wholly-owned subsidiary of the Company and the initial limited partner of the Operating Partnership, contributed $1,000 to the Operating Partnership. As the Company completes the settlement for purchase orders for shares of its common stock in its continuous public offering, it will continue to transfer substantially all of the net proceeds of the offering to the Operating Partnership.
	The Company was organized to invest primarily in a diversified portfolio consisting primarily of high quality, income-producing commercial real estate located in the United States, including, without limitation, office, industrial, retail and multifamily properties (“Real Estate Properties”). Although the Company intends to invest primarily in Real Estate Properties, it also intends to acquire common and preferred stock of REITs and other real estate companies (“Real Estate Equity Securities”) and debt investments backed principally by real estate (“Real Estate Loans” and, together with Real Estate Equity Securities, “Real Estate-Related Assets”).
	The Company is offering to the public, pursuant to a registration statement, $2,250,000,000 of shares of its common stock in its primary offering and $250,000,000 of shares of its common stock pursuant to its distribution reinvestment plan (the “Offering”). The Company is offering to the public two classes of shares of its common stock, Class A shares and Class B shares. The Company is offering to sell any combination of Class A and Class B shares with a dollar value up to the maximum offering amount. The Company may reallocate the shares offered between the primary offering and the distribution reinvestment plan. On January 3, 2013, the Offering was initially declared effective by the Securities and Exchange Commission. On May 30, 2013, RREEF America purchased $10,000,000 of the Company's Class B shares in the Offering, and the Company’s board of directors authorized the release of the escrowed funds to the Company, thereby allowing the Company to commence operations.
	Shares of the Company’s common stock are being sold at the Company’s net asset value (“NAV”) per share, plus, for Class A shares only, applicable selling commissions. Each class of shares may have a different NAV per share because of certain class specific fees and expenses, such as the distribution fee. NAV per share is calculated by dividing the NAV at the end of each business day for each class by the number of shares outstanding for that class on such day. The Company will not sell any shares to Pennsylvania investors unless it has received purchase orders for at least $75,000,000 (including purchase orders received from residents of other jurisdictions) in any combination of Class A shares and Class B shares from persons not affiliated with the Company or RREEF America.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation and Principles of Consolidation
	The accompanying interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and with Rule 10-01 of Regulation S-X for interim financial statements. Accordingly, these consolidated financial statements do not include all the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of the Company's management, the accompanying consolidated financial statements include all adjustments and eliminations, consisting only of normal recurring items necessary for their fair presentation in conformity with GAAP. Interim results are not necessarily indicative of operating results for a full year. The unaudited information included in this Quarterly Report on Form 10-Q should be read in conjunction with our audited financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013. There have been no significant changes to Company's significant accounting policies during the three months ended March 31, 2014.
	Use of Estimates
	The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
	Organization and Offering Expenses
	RREEF America agreed to pay all of the Company’s organization and offering expenses through January 3, 2013 (the “Initial O&O”). This included costs and expenses incurred by the Company in connection with the Company’s formation, preparing for the Offering, the qualification and registration of the Offering, and the marketing and distribution of the Company’s shares. The offering expenses portion of the Initial O&O includes, but is not limited to, accounting and legal fees, including the legal fees of SC Distributors, LLC, the dealer manager for the Offering (the “Dealer Manager”), costs for registration statement amendments and prospectus supplements, printing, mailing and distribution costs, filing fees, amounts to reimburse RREEF America as the Company’s advisor or its affiliates for the salaries of employees and other costs in connection with preparing supplemental sales literature, amounts to reimburse the Dealer Manager for amounts that it may pay to reimburse the bona fide due diligence expenses of any participating broker-dealers supported by detailed and itemized invoices, telecommunication costs, fees of the transfer agent, registrars, trustees, depositories and experts, the cost of educational conferences held by the Company (including the travel, meal and lodging costs of registered representatives of any participating broker-dealers), and attendance fees and cost reimbursement for employees of affiliates to attend retail seminars conducted by broker-dealers.
	In addition to the Initial O&O, RREEF America agreed to pay the portion of the Company’s organization and offering expenses from January 3, 2013 through January 3, 2014 that were incurred in connection with sponsoring and attending industry conferences, preparing filings with the Securities and Exchange Commission under the Securities Act of 1933, as amended, membership dues for industry trade associations, broker-dealer due diligence and obtaining a private letter ruling from the Internal Revenue Service (the “Additional O&O” and, together with the Initial O&O, the “Deferred O&O”). RREEF America incurred $4,618,318 in Deferred O&O on behalf of the Company from the Company’s inception through January 3, 2014. The Company began reimbursing RREEF America for the Deferred O&O monthly on a straight-line basis over 60 months during the three months ended March 31, 2014. Also see Note 7.
	Organizational expenses and other expenses which do not qualify as offering costs are expensed as incurred from and after the commencement of operations. Offering costs incurred by the Company, RREEF America and its affiliates on behalf of the Company will be deferred and will be paid from the proceeds of the Offering. These costs will be treated as a reduction of the total proceeds. Total organization and offering costs incurred by the Company will not exceed 15% of the gross proceeds from the primary offering.
	Concentration of Credit Risk
	As of March 31, 2014, the Company had cash on deposit at multiple financial institutions which were in excess of federally insured levels. The Company limits significant cash holdings to accounts held by financial institutions with a high credit standing. Therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits.
	As of March 31, 2014, the Company owned two properties. For the three months ended March 31, 2014, 52.6% of the Company’s gross rental revenues were from an office building located outside Chicago, Illinois. This property is 100% leased to Allstate Insurance Company, a wholly-owned subsidiary of The Allstate Corporation. The Allstate Corporation trades on the New York Stock Exchange under the ticker symbol “ALL.” Similarly, for the three months ended March 31, 2014, 47.4% of the Company's gross rental revenues were from a mixed use building located in Seattle, Washington. This property includes Walgreen Company and Keller Williams as significant tenants, who contributed 25.3% and 12.2% of the Company's gross rental revenues, respectively, for the three months ended March 31, 2014. As of March 31, 2014, in-place annualized base rental revenues were concentrated 58.0% in Allstate Insurance Company and 24.7% in Walgreen Company. Walgreen Company trades on the New York Stock Exchange under the ticker symbol “WAG.”

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	FAIR VALUE MEASUREMENTS
	Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. As a basis for considering market participant assumptions in fair value measurements, FASB ASC 820, Fair Value Measurement and Disclosures, establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity's own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy).
	Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are the unobservable inputs for the asset or liability, which are typically based on an entity's own assumption, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on input from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.
	The Company's investments in marketable securities are valued using Level 1 inputs as the securities are publicly traded on major stock exchanges.
	FASB ASC 825-10-65-1 requires the Company to disclose fair value information for all financial instruments for which it is practicable to estimate fair value, whether or not recognized in the consolidated balance sheets. Fair value of lines of credit and loans payable is determined using Level 2 inputs and a discounted cash flow approach with an interest rate and other assumptions that approximate current market conditions. The carrying amount of the Company's line of credit at March 31, 2014 and at December 31, 2013 approximated its fair value.
	The Company's financial instruments, other than the line of credit, are generally short-term in nature and contain minimal credit risk. These instruments consist of cash and cash equivalents, accounts and other receivables and accounts payable. The carrying amounts of these assets and liabilities in the consolidated balance sheets approximate their fair value.

REAL_ESTATE_INVESTMENTS

REAL ESTATE INVESTMENTS	3 Months Ended
	Mar. 31, 2014
Real Estate [Abstract]	'
REAL ESTATE INVESTMENTS	'
	REAL ESTATE INVESTMENTS
	On May 31, 2013, the Company acquired 9022 Heritage Parkway ("Heritage"), a low-rise office building located outside of Chicago, Illinois. Heritage was acquired for $13,300,000, excluding closing costs. The acquisition was funded with proceeds from the Offering and $6,700,000 from the Company's line of credit. Heritage is 100% leased to Allstate Insurance Company through November 30, 2018. On December 18, 2013, the Company acquired a mixed-use (retail and office) building located in Seattle, Washington ("Wallingford Plaza") for a purchase price of approximately $12,750,000, excluding closing costs. The acquisition was funded with proceeds from the Offering and by borrowing $5,500,000 under the Company's line of credit.
	All leases at the Company's properties have been classified as operating leases. The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed, using Level 3 inputs and assumptions, as follows:
		Heritage		Wallingford Plaza			Total
	Land	$	2,310,684	$	3,713,306		$	6,023,990
	Building and improvements	7,206,490		7,626,594			14,833,084
	Acquired in-place leases	3,773,246		2,179,148			5,952,394
	Acquired above-market leases	9,580		—			9,580
	Acquired below-market leases	—		(791,100		)	(791,100		)
	Total purchase price	$	13,300,000	$	12,727,948		$	26,027,948
	On April 11, 2014, the Company acquired 1109 Commerce Boulevard ("Commerce Corner") for a purchase price of $19,750,000 (excluding closing costs). The acquisition was funded with proceeds from the Offering and by borrowing $17,600,000 under the Company's line of credit. Of this borrowed amount, $8,840,000 relates to Commerce Corner while the balance was borrowed against available capacity from Heritage and Wallingford Plaza. Commerce Corner consists of a 259,910 square foot industrial building fully leased to two tenants and an adjacent land parcel. As the Company recently acquired Commerce Corner, the allocation of the purchase price to the fair value of the assets acquired and liabilities assumed has not yet been completed.
	For the three months ended March 31, 2014, the Company recorded rental and other property income and net income of $594,466 and $168,196, respectively, related to the properties owned as of March 31, 2014.
	The Company’s estimated revenues and net loss, on a pro forma basis (as if the acquisitions of Heritage, Wallingford Plaza and Commerce Corner were completed on January 1, 2013), for the three months ended March 31, 2014 are $1,089,604 and $371,743, respectively. The Company’s estimated revenues and net loss, on a pro forma basis (as if the acquisitions of Heritage, Wallingford Plaza and Commerce Corner were completed on January 1, 2013), for the three months ended March 31, 2013 are $789,643 and $315,754, respectively. The pro forma information for the three months ended March 31, 2014 and 2013 does not include acquisition costs of $137,484 as such costs are non-recurring.
	The pro forma information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of period presented, nor does it purport to represent the results of future operations.

MARKETABLE_SECURITIES

MARKETABLE SECURITIES	3 Months Ended
	Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]	'
MARKETABLE SECURITIES	'
	MARKETABLE SECURITIES
	The following is a summary of the Company's marketable securities held as of March 31, 2014, which consisted entirely of publicly-traded shares of common stock in REITs. All marketable securities held as of March 31, 2014 were available-for-sale securities and none were considered impaired on an other-than-temporary basis.
	Marketable securities—cost	$	3,039,172
	Unrealized gains	164,561
	Unrealized losses	(36,961		)
	Net unrealized gain	127,600
	Marketable securities—fair value	$	3,166,772
	Upon the sale of a particular security, the realized net gain or loss is computed assuming the shares with the highest cost are sold first. During the quarter ended March 31, 2014, marketable securities sold generated proceeds of $730,228 resulting in gross realized gains of $14,392 and gross realized losses of $40,959.

LINE_OF_CREDIT

LINE OF CREDIT	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
LINE OF CREDIT	'
	LINE OF CREDIT
	On May 1, 2013, the Operating Partnership, as borrower, and the Company, as guarantor, entered into a secured revolving line of credit arrangement (the “Line of Credit”) pursuant to a credit agreement with Regions Bank and its affiliates, as administrative agent, sole lead arranger and sole book runner, and other lending institutions that may become parties to the credit agreement. The Line of Credit has a capacity of $50 million and may be used to fund acquisitions, redeem shares pursuant to the Company’s redemption plan and for any other corporate purpose. The initial term expires on May 1, 2015, subject to a single one-year extension option. Borrowings under the Line of Credit carry a specified interest rate which, at the option of the Company, may be comprised of (1) a base rate, currently equal to the prime rate, or (2) a rate based on the one-, two- or three-month London Interbank Offered Rate (“LIBOR”) plus a spread ranging from 220 to 250 basis points, depending on the Company's consolidated debt-to-value ratio. As of March 31, 2014, the outstanding balance and interest rate were $2,900,000 and 2.36%, respectively.
	The borrowing capacity under the Line of Credit (the “Borrowing Base”) at any time is equal to the sum of (1) the lesser of (a) 60% of the value of the Company's real estate investments which are encumbered by the Line of Credit (such value as determined by the administrative agent on an annual basis), and (b) the amount determined by reference to a specified debt service coverage calculation, and (2) 50% of the value of the Company’s investments in eligible marketable securities. The portion of the Borrowing Base attributable to marketable securities cannot exceed 20% of the total Borrowing Base. Additionally, up to 15% of the amount of the Borrowing Base attributable to real estate investments can be utilized for ground leased properties. As of March 31, 2014, the Company’s Borrowing Base was $17,244,832.
	The Line of Credit agreement contains customary representations, warranties, borrowing conditions and affirmative, negative and financial covenants, including minimum net worth, debt service coverage requirements, fixed charge ratio requirements, leverage ratio requirements and dividend payout and REIT status requirements. In December 2013, the Company obtained an extension of time to comply with the fixed charge coverage ratio such that this particular covenant would not apply to the Company until the three months ended June 30, 2014. The Company would need to comply with this covenant to expand the capacity of the Line of Credit. A breach of this covenant would trigger an event of default, which provides the lenders the right to exercise their rights and remedies under the credit agreement. The Company believes it was in compliance with all covenants as of March 31, 2014.
	In addition, the Line of Credit contained a provision whereby if the Company did not have at least $50 million of tangible net worth (as defined in the Line of Credit agreement) by May 1, 2014, the available, undrawn commitments under the Line of Credit would be canceled, and the Company would have no ability to borrow additional amounts, or re-borrow amounts subsequently repaid, under the Line of Credit.
	On April 30, 2014, the Company and Regions Bank entered into an amendment to the Line of Credit. See Note 15.

RELATED_PARTY_ARRANGEMENTS

RELATED PARTY ARRANGEMENTS	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
RELATED PARTY ARRANGEMENTS	'
	RELATED PARTY ARRANGEMENTS
	RREEF America is entitled to compensation and reimbursements in connection with the management of the Company's investments in accordance with an advisory agreement between RREEF America and the Company. The advisory agreement is for a one-year term and is renewable annually upon the review and approval of the Company's board of directors, including the approval of a majority of the Company's independent directors. Prior to December 31, 2013, the Company's board of directors approved the renewal of the advisory agreement on the same terms and conditions, and accordingly, the advisory agreement has a current expiration date of January 3, 2015. There is no limit to the number of terms for which the advisory agreement can be renewed.
	The Company pays RREEF America an advisory fee equal to (a) a fixed component that accrues daily in an amount equal to 1/365th of 1.0% of the Company's NAV for each class of shares for such day; provided that the fixed component will not be earned and, therefore, will not begin to accrue until the date on which the Company's combined NAV for both classes of shares has reached $50,000,000, and (b) a performance component calculated for each class of shares on the basis of the total return to stockholders of each class for any calendar year, such that for any year in which the Company's total return per share allocable to a class exceeds 6% per annum, RREEF America will receive 25% of the excess total return allocable to that class; provided that in no event will the performance component exceed 10% of the aggregate total return allocable to such class for such year. In the event the Company's NAV per share decreases below $12.00 for any class, the performance component will not be earned on any increase in NAV up to $12.00 with respect to that class, provided that the Company may decrease this threshold if (i) there has been a fundamental and unexpected change in the overall real estate market and (ii) the Company's board of directors, including a majority of its independent directors, has determined that such change is necessary to appropriately incent RREEF America to perform in a manner that maximizes stockholder value and is in the best interests of the Company's stockholders. The fixed component of the advisory fee is payable monthly in arrears and the performance component is payable annually in arrears.
	For the three months ended March 31, 2014, no fees were earned by RREEF America under the fixed component of the advisory fee as the Company's combined NAV for both classes of shares had not yet reached $50,000,000. In addition, no amounts were earned under the performance component of the advisory fee as such fee is based on an annual calculation.
	On May 29, 2013, the Company entered into an expense support agreement with RREEF America, which was amended and restated on November 11, 2013 (as amended and restated, the “Expense Support Agreement”). Pursuant to the terms of the Expense Support Agreement, RREEF America has agreed to defer reimbursement of certain expenses related to the Company's operations that RREEF America has incurred, and may continue to incur, that are not part of the Deferred O&O (“Expense Payments”). The Expense Payments may include organizational and offering expenses and operating expenses under the Company's advisory agreement. RREEF America may incur these expenses until the earlier of (i) the date the Company has raised $200 million in aggregate gross proceeds from the Offering or (ii) the date upon which the aggregate Expense Payments by RREEF America exceed $5,100,000.
	Pursuant to the Expense Support Agreement, RREEF America has agreed to defer reimbursement of Expense Payments until the earlier of (i) the quarter beginning on January 1, 2015 or (ii) the quarter in which the Company surpasses $200 million in aggregate gross proceeds from the Offering. Upon the commencement of reimbursement, the Company will reimburse RREEF America within five business days after the end of each calendar quarter in an amount, subject to certain limitations, equal to the lesser of (i) $250,000 and (ii) the aggregate amount of all Expense Payments made by RREEF America prior to the last day of the previous calendar quarter that have not been previously reimbursed by the Company to RREEF America, until the aggregate of all Expense Payments have been reimbursed by the Company.
	On May 8, 2014, the Company into the second amended and restated expense support agreement with RREEF America, thereby increasing the maximum possible Expense Payments and modifying the reimbursement provisions. See Note 15.
	The Company or RREEF America may terminate the Expense Support Agreement at any time, without penalty, upon 30 days' notice. If the Expense Support Agreement is terminated by RREEF America, the Company shall continue to reimburse RREEF America for all unreimbursed Expense Payments on a quarterly basis as provided in the Expense Support Agreement. If the agreement is terminated by the Company, the Company shall reimburse the Advisor for all unreimbursed Expense Payments within 30 days after such termination. At the Company's discretion, such reimbursement may be in the form of cash, a non-interest bearing promissory note with equal monthly principal payments over a term of no more than five years, or any combination thereof.
	The Company will reimburse RREEF America for all expenses paid or incurred by RREEF America in connection with the services provided to the Company, subject to the limitation that the Company will not reimburse RREEF America for any amount by which the Company's operating expenses (including the advisory fee and any reimbursements pursuant to the Expense Support Agreement) at the end of the four preceding fiscal quarters exceeds the greater of (a) 2% of its average invested assets or (b) 25% of its net income determined without reduction for any additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of the Company's assets for that period. Notwithstanding the foregoing, the Company may reimburse RREEF America for expenses in excess of this limitation if a majority of the Company's independent directors determines that such excess expenses are justified based on unusual and non-recurring factors.
	Notwithstanding the above provisions, the Company will not reimburse RREEF America for any organizational and offering costs which would cause the Company's total organizational and offering costs to exceed 15% of the gross proceeds from the primary offering (excluding shares issued via the distribution reinvestment plan). Further, the Company will not reimburse RREEF America for any underwriting compensation (a subset of organizational and offering costs) which would cause the Company's total underwriting compensation to exceed 10% of the gross proceeds from the primary offering. In accordance with these limitations, the total organizational and offering expenses incurred by RREEF America through March 31, 2014 exceeded these limitations by $1,639,589. In addition, the Company reimbursed RREEF America $185,506 for offering costs and $37,064 for organization costs during the three months ended March 31, 2014.
	During the three months ended March 31, 2014, no amounts were paid to RREEF America under the Expense Support Agreement. For the three months ended March 31, 2014, RREEF America provided expense support of $861,196 in operating expenses and $388,502 in offering costs. In addition, the Company incurred $65,914 of offering costs not subject to reimbursement by RREEF America. As of March 31, 2014 and December 31, 2013, the Company owed RREEF America for the following amounts, after application of the aforementioned reimbursement limitations:
		Offering		Organizational		Operating (3)		Due to Affiliate
	December 31, 2013
	Deferred O&O	$	2,950,336	$	37,064	$	—	$	2,987,400
	Expense Payments	741,361		—		2,277,061		3,018,422
	Total Due to RREEF America	3,691,697		$	37,064	$	2,277,061	$	6,005,822
	Offering costs not subject to reimbursement by RREEF America	229,237
	Total offering costs	$	3,920,934
	March 31, 2014
	Deferred O&O	$	2,756,159	$	—	$	—	$	2,756,159	(1)
	Expense Payments	1,138,534		—		3,138,257		4,276,791		(2)
	Total Due to RREEF America	3,894,693		$	—	$	3,138,257	$	7,032,950
	Reimbursements paid to RREEF America	185,506
	Offering costs not subject to reimbursement by RREEF America	295,151
	Total offering costs	$	4,375,350
	-1	To be repaid ratably over 60 months beginning January 2014. Total Deferred O&O, before reimbursement, would be $4,618,318 without the reimbursement limitations. The monthly amount to be repaid to RREEF America will be based on the unlimited Deferred O&O of $4,618,318, but the total repayments will not exceed the limited amount, as described above, at any point in time. During the three months ended March 31, 2014, the Company reimbursed RREEF America for $222,570 for Deferred O&O. Also see Note 2.
	-2	To be repaid in quarterly payments initially of $250,000 (subject to certain limitations), commencing in the quarter after the earlier of (a) the quarter beginning January 1, 2015 or (b) the quarter in which the Company raises at least $200,000,000 in aggregate gross proceeds from the Offering. Quarterly payments may increase in accordance with the second amended and restated expense support agreement. See Note 15.
	-3	Of this amount, $563,176 remains in assets on the consolidated balance sheet as of March 31, 2014.
	The excess organizational and offering costs of $1,639,589 incurred by RREEF America on behalf of the Company is not reflected in the Company's consolidated financial statements as a liability. However, as the Company raises additional proceeds from the Offering, it may become obligated to RREEF America for all or a portion of this additional amount.

CAPITALIZATION

CAPITALIZATION	3 Months Ended
	Mar. 31, 2014
Capitalization [Abstract]	'
CAPITALIZATION	'
	CAPITALIZATION
	Under the Company's charter, the Company has the authority to issue 1,000,000,000 shares of common stock, 500,000,000 of which are classified as Class A shares and 500,000,000 of which are classified as Class B shares. In addition, the Company has the authority to issue 50,000,000 shares of preferred stock. All shares of such stock have a par value of $0.01 per share. Class A shares issued in the primary offering are subject to selling commissions of up to 3% of the purchase price, dealer manager fees and distribution fees. Class B shares are subject to dealer manager fees, but are not subject to any selling commissions or distribution fees. The Company's board of directors is authorized to amend its charter from time to time, without the approval of the stockholders, to increase or decrease the aggregate number of authorized shares of capital stock or the number of shares of any class or series that the Company has authority to issue.
	Distribution Reinvestment Plan
	The Company has adopted a distribution reinvestment plan that will allow stockholders to have the cash distributions attributable to the class of shares that the stockholder owns automatically invested in additional shares of the same class. Shares are offered pursuant to the Company's distribution reinvestment plan at the NAV per share applicable to that class, calculated as of the distribution date and after giving effect to all distributions. Stockholders who elect to participate in the distribution reinvestment plan, and who are subject to U.S. federal income taxation laws, will incur a tax liability on an amount equal to the fair value on the relevant distribution date of the shares of the Company's common stock purchased with reinvested distributions, even though such stockholders have elected not to receive the distributions used to purchase those shares of the Company's common stock in cash.
	Redemption Plan
	In an effort to provide the Company's stockholders with liquidity in respect of their investment in shares of the Company's common stock, the Company has adopted a redemption plan whereby on a daily basis stockholders may request the redemption of all or any portion of their shares. The redemption price per share is equal to the Company's NAV per share of the class of shares being redeemed on the date of redemption. The total amount of redemptions in any calendar quarter will be limited to Class A and Class B shares whose aggregate value (based on the redemption price per share on the date of the redemption) is equal to 5% of the Company's combined NAV for both classes of shares as of the last day of the previous calendar quarter. In addition, if redemptions do not reach the 5% limit in a calendar quarter, the unused portion generally will be carried over to the next quarter and not any subsequent quarter, except that the maximum amount of redemptions during any quarter may never exceed 10% of the combined NAV for both classes of shares as of the last day of the previous calendar quarter. If the quarterly volume limitation is reached on or before the third business day of a calendar quarter, redemption requests during the next quarter will be satisfied on a stockholder by stockholder basis, which the Company refers to as a per stockholder allocation, instead of a first-come, first-served basis. Pursuant to the per stockholder allocation, each stockholder would be allowed to request redemption at any time during such quarter of a total number of shares not to exceed 5% of the shares of common stock the stockholder held as of the end of the prior quarter. The per stockholder allocation requirement will remain in effect for each succeeding quarter for which the total redemptions for the immediately preceding quarter exceeded 4% of the Company's NAV on the last business day of such preceding quarter. If total redemptions during a quarter for which the per stockholder allocation applies are equal to or less than 4% of the Company's NAV on the last business day of such preceding quarter, then redemptions will again be satisfied on a first-come, first-served basis for the next succeeding quarter and each quarter thereafter.
	Each redemption request will be evaluated by the Company in consideration of rules and regulations promulgated by the Internal Revenue Service with respect to dividend equivalent redemptions. Redemptions that may be considered dividend equivalent redemptions may adversely affect the Company or its stockholders. Accordingly, the Company may reject any redemption request that it reasonably believes may be treated as a dividend equivalent redemption.
	While there is no minimum holding period, shares redeemed within 365 days of the date of purchase will be redeemed at the Company's NAV per share of the class of shares being redeemed on the date of redemption less a short-term trading discount equal to 2% of the gross proceeds otherwise payable with respect to the redemption.
	In the event that any stockholder fails to maintain a minimum balance of $500 of shares of common stock, the Company may redeem all of the shares held by that stockholder at the redemption price per share in effect on the date it is determined that the stockholder has failed to meet the minimum balance, less the short-term trading discount of 2%, if applicable. Minimum account redemptions will apply even in the event that the failure to meet the minimum balance is caused solely by a decline in the Company's NAV.
	During the three months ended March 31, 2014, one redemption request was received and processed for approximately 7,962 Class A shares at a price of $12.21 per share, before allowing for the 2% short-term trading discount.
	The Company's board of directors has the discretion to suspend or modify the redemption plan at any time, including in circumstances where it (1) determines that such action is in the best interest of the Company's stockholders, (2) determines that it is necessary due to regulatory changes or changes in law or (3) becomes aware of undisclosed material information that it believes should be publicly disclosed before shares are redeemed. In addition, the Company's board of directors may suspend the Offering, including the redemption plan, if it determines that the calculation of NAV is materially incorrect or there is a condition that restricts the valuation of a material portion of the Company's assets. If the board of directors materially amends (including any reduction of the quarterly limit) or suspends the redemption plan during any quarter, other than any temporary suspension to address certain external events unrelated to the Company's business, any unused portion of that quarter’s 5% limit will not be carried forward to the next quarter or any subsequent quarter.

DISTRIBUTIONS

DISTRIBUTIONS	3 Months Ended
	Mar. 31, 2014
Distributions [Abstract]	'
DISTRIBUTIONS	'
	DISTRIBUTIONS
	In order to qualify as a REIT, the Company is required, among other things, to make distributions each taxable year of at least 90% of its taxable income determined without regard to the dividends-paid deduction and excluding net capital gains, and to meet certain tests regarding the nature of the Company's income and assets. The Company expects that its board of directors will continue to declare distributions with a daily record date, payable monthly in arrears. Any distributions the Company makes will be at the discretion of its board of directors, considering factors such as its earnings, cash flow, capital needs and general financial condition and the requirements of Maryland law. The Company commenced operations on May 30, 2013 and elected taxation as a REIT for the year ended December 31, 2013.
	The Company's board of directors declared cash distributions of $0.00167167 per Class A and Class B share (as adjusted to reflect applicable class-specific expenses) for all such shares of record on each day from January 1, 2014 through March 31, 2014. Distributions for each month are payable on or before the first day of the following month. However, any distributions reinvested by the stockholders in accordance with the Company's dividend reinvestment plan are reinvested at the per share NAV of the same class determined at the close of business on the last business day of the month in which the distributions were accrued. Distributions reinvested for the three months ended March 31, 2014 resulted in the issuance of approximately 5,162 Class A shares and 12,505 Class B shares.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	INCOME TAXES
	The Company elected taxation as a REIT for federal income tax purposes for the year ended December 31, 2013. In each calendar year that the Company qualifies for taxation as a REIT, the Company generally will not be subject to federal income tax to the extent it meets certain criteria and distributes its REIT taxable income to its stockholders. Distributions declared and paid by the Company may consist of ordinary income, qualifying dividends, return of capital, capital gains or a combination thereof. The characterization of the distributions into these various components will impact how the distributions are taxable to the stockholder who received them. Distributions that constitute a return of capital generally are non-taxable and will reduce the stockholder's basis in the shares. The characterization of the distributions is generally determined during the month of January following the close of the tax year.

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
SEGMENT INFORMATION	'
	SEGMENT INFORMATION
	For the three months ended March 31, 2014, the Company had two segments with reportable information: Real Estate Properties and Real Estate Equity Securities. The Company organizes and analyzes the operations and results of each of these segments independently, due to inherently different considerations for each segment. Such considerations include, but are not limited to, the nature and characteristics of the investment, and investment strategies and objectives. The following tables set forth the carrying value, revenue and the components of operating income of the Company's segments reconciled to total assets as of March 31, 2014 and December 31, 2013 and net loss for the three months ended March 31, 2014.
			Real Estate Properties		Real Estate Equity Securities		Total
	Carrying value as of March 31, 2014		$	25,869,594	$	3,166,772	$	29,036,366
	Reconciliation to total assets of March 31, 2014
		Carrying value per reportable segments					$	29,036,366
		Corporate level assets					4,211,622
		Total assets					$	33,247,988
	Carrying value as of December 31, 2013		$	26,216,217	$	2,882,206	$	29,098,423
	Reconciliation to total assets of December 31, 2013
		Carrying value per reportable segments					$	29,098,423
		Corporate level assets					3,593,611
		Total assets					$	32,692,034
		Three Months Ending March 31, 2014
	Revenues
		Rental and other property income	$	544,218	$	—	$	544,218
		Tenant reimbursement income	50,249		—		50,249
		Investment income on marketable securities	—		25,521		25,521
		Total revenues	594,467		25,521		619,988
	Operating expenses
		Property operating expenses	80,083		—		80,083
		Total segment operating expenses	80,083		—		80,083
	Operating income - segments		$	514,384	$	25,521	$	539,905
	Reconciliation to net loss
	Operating income - segments						$	539,905
		General and administrative expenses					(588,037		)
		Acquisition related expenses					(38,542		)
		Depreciation					(125,618		)
		Amortization					(220,570		)
	Operating loss						(432,862		)
		Interest expense					(128,088		)
		Net realized loss upon sale of marketable securities					(26,567		)
	Net loss						$	(587,517	)

ECONOMIC_DEPENDENCY

ECONOMIC DEPENDENCY	3 Months Ended
	Mar. 31, 2014
Economic Dependency [Abstract]	'
ECONOMIC DEPENDENCY	'
	ECONOMIC DEPENDENCY
	The Company depends on RREEF America and the Dealer Manager for certain services that are essential to the Company, including the sale of the Company's shares of common stock, asset acquisition and disposition decisions and other general and administrative responsibilities. In the event that RREEF America or the Dealer Manager is unable to provide such services, the Company would be required to find alternative service providers.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	COMMITMENTS AND CONTINGENCIES
	In the normal course of business, from time to time, the Company may be involved in legal actions relating to the ownership and operations of real estate investments. In the Company's opinion, the liabilities, if any, that may ultimately result from such legal actions are not expected to have a material adverse effect on the Company's consolidated financial position, results of operations or liquidity.
	The Company, as an owner of real estate, is subject to various environmental laws of federal and local governments. All of the Company's properties were subject to assessments, involving visual inspections of the properties and their neighborhoods. The Company carries environmental liability insurance on its properties that provides coverage for remediation liability and pollution liability for third-party bodily injury and property damage claims. The Company does not believe such environmental assessments will have a material adverse impact on the Company's consolidated financial position or results of operations in the future.
	As discussed in Note 7, the Company may become liable to RREEF America for additional amounts that RREEF America has paid on behalf of the Company, with such additional liability dependent upon the amount of shares sold by the Company.

STATEMENTS_OF_OPERATIONS_AND_C

STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS	3 Months Ended
	Mar. 31, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]	'
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS	'
	STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
	The Company commenced operations on May 30, 2013. As a result, for the three months ended March 31, 2013, the Company did not recognize revenues or expenses of any kind. Accordingly, the consolidated statements of operations and the consolidated statements of comprehensive income for the three months ended March 31, 2013 have not been included within these consolidated financial statements.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	SUBSEQUENT EVENTS
	On April 1, 2014, the Company announced that its board of directors declared a cash distribution equal to $0.00169307 per Class A and Class B share (as adjusted to reflect applicable class-specific expenses) for all such shares of record on each day from April 1, 2014 through June 30, 2014.
	On April 11, 2014, the Company closed on the acquisition of 1109 Commerce Corner in Logan Township, New Jersey, for $19,750,000 (excluding closing costs). This property is comprised of a 259,910 square foot industrial building fully leased to two tenants and an adjacent land parcel.
	On April 24, 2014, one redemption request was received and processed for approximately 2,047 shares at a price of $12.30 per share, before adjustment for the 2% early trading discount.
	On April 30, 2014, the Company and Regions Bank entered into an amendment to the Line of Credit whereby satisfaction of the fixed charge coverage ratio and achieving $50 million of tangible net worth would not be required until the earlier of (a) the date the Company achieved total cumulative capital raise of $200 million, (b) the Line of Credit is syndicated to one or more additional lenders (upon meeting the criteria for such syndication) or (c) December 31, 2014. If the Company does not meet either the fixed charge coverage ratio or have $50 million of tangible net worth by the first of the three possible occurrences, then a default under the Line of Credit will not be triggered but the undrawn commitments may be reduced to zero in which case the Company will have no ability to borrow additional funds nor re-borrow amounts subsequently repaid. In addition, if either (1) the financial support provided by RREEF America under the advisory and expense support agreements ends or is otherwise terminated, or (2) the undrawn commitments are reduced to zero, pursuant to the Company not meeting the fixed charge coverage ratio or achieving $50 million of tangible net worth, by the applicable date, then the interest rate under the Line of Credit will increase by 100 basis points above the then current interest rate. If both of the tests identified above as (1) and (2) are not met by the applicable date, then the interest rate under the Line of Credit will increase by 200 basis points over the interest rate in effect prior to either test not being met.
	On May 8, 2014, the Company entered into a second amended and restated expense support agreement with RREEF America (the "Second Amended Expense Support Agreement"). Pursuant to the terms of the Second Amended Expense Support Agreement, RREEF America may incur expense payments until the earlier of (1) the date the Company has surpassed $200 million in aggregate gross proceeds from the Offering or (2) the date the aggregate Expense Payments by RREEF America exceed $7.1 million. RREEF America has agreed to defer reimbursement of the Expense Payments until the earlier of (1) the quarter beginning on January 1, 2015 or (2) the quarter in which the Company surpasses $200 million in aggregate gross proceeds from the Offering. Upon the commencement of reimbursements, the Company will reimburse RREEF America within five business days following the end of each quarter in an amount equal to the lesser of (1) $250,000 and (2) the aggregate amount of all Expense Payments made by RREEF America prior to the last day of the previous calendar quarter that have not been previously reimbursed to RREEF America, until the Company has reimbursed RREEF America for the aggregate of all Expense Payments; provided, however, that the maximum reimbursement will be increased (i) from $250,000 to $325,000 per quarter commencing with the quarter immediately following the calendar quarter in which the Company surpasses $850 million in gross proceeds from the Offering and (ii) from $325,000 to $400,000 per quarter commencing with the quarter immediately following the calendar quarter in which the Company surpasses $1.9 billion in gross proceeds from the Offering. In all cases, however, such reimbursement payments to RREEF America will be subject to reduction as necessary in order to ensure that (1) such reimbursement payment, when taken together with the Company's cumulative total operating expenses for the four calendar quarters ending with such calendar quarter, will not cause the Company's total operating expenses for any four consecutive fiscal quarters to exceed the greater of 2% of the Company's average invested assets or 25% of the Company's net income, or, if an excess over the 2%/25% guidelines has been previously approved by the Company's independent directors, such approved excess, and (2) such reimbursement payment will not cause the aggregate organizational and offering expenses paid by the Company to exceed 15% of the gross proceeds from the sale of shares in the Offering as of the date of the reimbursement payment.
	In addition, the Second Amended Expense Support Agreement provides that the Company will reimburse RREEF America in cash for all remaining unreimbursed Expense Payments (the "Lump Sum Payment"), in the event that, for a period of two consecutive calendar quarters, (1) the Company has positive cash flow for the quarter after the payment of a 5.0% annualized dividend, excluding any reinvestment of dividends, and (2) dividends paid for the quarter are 100% or less as a percentage of both the Company's funds from operations, as defined by the National Association of Real Estate Investment Trusts, and modified funds from operations, as defined by the Investment Program Association, for such quarter. The amount of any Lump Sum Payment will be reduced by an amount necessary to ensure that (1) the Company's total operating expenses for any four consecutive fiscal quarters do not exceed the greater of 2% of the Company's average invested assets or 25% of the Company's net income, or, if an excess over the 2%/25% guidelines has been previously approved by the Company's independent directors, such approved excess, and (2) such Lump Sum Payment will not cause the aggregate organizational and offering expenses paid by the Company to exceed 15% of the gross proceeds from the sale of shares in the Offering as of the date of the reimbursement payment.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation and Principles of Consolidation	'
	Basis of Presentation and Principles of Consolidation
	The accompanying interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and with Rule 10-01 of Regulation S-X for interim financial statements. Accordingly, these consolidated financial statements do not include all the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of the Company's management, the accompanying consolidated financial statements include all adjustments and eliminations, consisting only of normal recurring items necessary for their fair presentation in conformity with GAAP. Interim results are not necessarily indicative of operating results for a full year. The unaudited information included in this Quarterly Report on Form 10-Q should be read in conjunction with our audited financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013. There have been no significant changes to Company's significant accounting policies during the three months ended March 31, 2014.
Use of Estimates	'
	Use of Estimates
	The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Organization and Offering Expenses	'
	Organization and Offering Expenses
	RREEF America agreed to pay all of the Company’s organization and offering expenses through January 3, 2013 (the “Initial O&O”). This included costs and expenses incurred by the Company in connection with the Company’s formation, preparing for the Offering, the qualification and registration of the Offering, and the marketing and distribution of the Company’s shares. The offering expenses portion of the Initial O&O includes, but is not limited to, accounting and legal fees, including the legal fees of SC Distributors, LLC, the dealer manager for the Offering (the “Dealer Manager”), costs for registration statement amendments and prospectus supplements, printing, mailing and distribution costs, filing fees, amounts to reimburse RREEF America as the Company’s advisor or its affiliates for the salaries of employees and other costs in connection with preparing supplemental sales literature, amounts to reimburse the Dealer Manager for amounts that it may pay to reimburse the bona fide due diligence expenses of any participating broker-dealers supported by detailed and itemized invoices, telecommunication costs, fees of the transfer agent, registrars, trustees, depositories and experts, the cost of educational conferences held by the Company (including the travel, meal and lodging costs of registered representatives of any participating broker-dealers), and attendance fees and cost reimbursement for employees of affiliates to attend retail seminars conducted by broker-dealers.
	In addition to the Initial O&O, RREEF America agreed to pay the portion of the Company’s organization and offering expenses from January 3, 2013 through January 3, 2014 that were incurred in connection with sponsoring and attending industry conferences, preparing filings with the Securities and Exchange Commission under the Securities Act of 1933, as amended, membership dues for industry trade associations, broker-dealer due diligence and obtaining a private letter ruling from the Internal Revenue Service (the “Additional O&O” and, together with the Initial O&O, the “Deferred O&O”). RREEF America incurred $4,618,318 in Deferred O&O on behalf of the Company from the Company’s inception through January 3, 2014. The Company began reimbursing RREEF America for the Deferred O&O monthly on a straight-line basis over 60 months during the three months ended March 31, 2014. Also see Note 7.
	Organizational expenses and other expenses which do not qualify as offering costs are expensed as incurred from and after the commencement of operations. Offering costs incurred by the Company, RREEF America and its affiliates on behalf of the Company will be deferred and will be paid from the proceeds of the Offering. These costs will be treated as a reduction of the total proceeds. Total organization and offering costs incurred by the Company will not exceed 15% of the gross proceeds from the primary offering.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	As of March 31, 2014, the Company had cash on deposit at multiple financial institutions which were in excess of federally insured levels. The Company limits significant cash holdings to accounts held by financial institutions with a high credit standing. Therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits.
	As of March 31, 2014, the Company owned two properties. For the three months ended March 31, 2014, 52.6% of the Company’s gross rental revenues were from an office building located outside Chicago, Illinois. This property is 100% leased to Allstate Insurance Company, a wholly-owned subsidiary of The Allstate Corporation. The Allstate Corporation trades on the New York Stock Exchange under the ticker symbol “ALL.” Similarly, for the three months ended March 31, 2014, 47.4% of the Company's gross rental revenues were from a mixed use building located in Seattle, Washington. This property includes Walgreen Company and Keller Williams as significant tenants, who contributed 25.3% and 12.2% of the Company's gross rental revenues, respectively, for the three months ended March 31, 2014. As of March 31, 2014, in-place annualized base rental revenues were concentrated 58.0% in Allstate Insurance Company and 24.7% in Walgreen Company. Walgreen Company trades on the New York Stock Exchange under the ticker symbol “WAG.”

REAL_ESTATE_INVESTMENTS_Tables

REAL ESTATE INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
Real Estate [Abstract]	'
Schedule of Real Estate Acquired, Purchase Price Allocation	'
	The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed, using Level 3 inputs and assumptions, as follows:
		Heritage		Wallingford Plaza			Total
	Land	$	2,310,684	$	3,713,306		$	6,023,990
	Building and improvements	7,206,490		7,626,594			14,833,084
	Acquired in-place leases	3,773,246		2,179,148			5,952,394
	Acquired above-market leases	9,580		—			9,580
	Acquired below-market leases	—		(791,100		)	(791,100		)
	Total purchase price	$	13,300,000	$	12,727,948		$	26,027,948

MARKETABLE_SECURITIES_Tables

MARKETABLE SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]	'
Schedule of Marketable Securities	'
	The following is a summary of the Company's marketable securities held as of March 31, 2014, which consisted entirely of publicly-traded shares of common stock in REITs. All marketable securities held as of March 31, 2014 were available-for-sale securities and none were considered impaired on an other-than-temporary basis.
	Marketable securities—cost	$	3,039,172
	Unrealized gains	164,561
	Unrealized losses	(36,961		)
	Net unrealized gain	127,600
	Marketable securities—fair value	$	3,166,772

RELATED_PARTY_ARRANGEMENTS_Tab

RELATED PARTY ARRANGEMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Schedule of Related Party Transactions	'
	As of March 31, 2014 and December 31, 2013, the Company owed RREEF America for the following amounts, after application of the aforementioned reimbursement limitations:
		Offering		Organizational		Operating (3)		Due to Affiliate
	December 31, 2013
	Deferred O&O	$	2,950,336	$	37,064	$	—	$	2,987,400
	Expense Payments	741,361		—		2,277,061		3,018,422
	Total Due to RREEF America	3,691,697		$	37,064	$	2,277,061	$	6,005,822
	Offering costs not subject to reimbursement by RREEF America	229,237
	Total offering costs	$	3,920,934
	March 31, 2014
	Deferred O&O	$	2,756,159	$	—	$	—	$	2,756,159	(1)
	Expense Payments	1,138,534		—		3,138,257		4,276,791		(2)
	Total Due to RREEF America	3,894,693		$	—	$	3,138,257	$	7,032,950
	Reimbursements paid to RREEF America	185,506
	Offering costs not subject to reimbursement by RREEF America	295,151
	Total offering costs	$	4,375,350
	-1	To be repaid ratably over 60 months beginning January 2014. Total Deferred O&O, before reimbursement, would be $4,618,318 without the reimbursement limitations. The monthly amount to be repaid to RREEF America will be based on the unlimited Deferred O&O of $4,618,318, but the total repayments will not exceed the limited amount, as described above, at any point in time. During the three months ended March 31, 2014, the Company reimbursed RREEF America for $222,570 for Deferred O&O. Also see Note 2.
	-2	To be repaid in quarterly payments initially of $250,000 (subject to certain limitations), commencing in the quarter after the earlier of (a) the quarter beginning January 1, 2015 or (b) the quarter in which the Company raises at least $200,000,000 in aggregate gross proceeds from the Offering. Quarterly payments may increase in accordance with the second amended and restated expense support agreement. See Note 15.
	-3	Of this amount, $563,176 remains in assets on the consolidated balance sheet as of March 31, 2014.

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information	'
	The following tables set forth the carrying value, revenue and the components of operating income of the Company's segments reconciled to total assets as of March 31, 2014 and December 31, 2013 and net loss for the three months ended March 31, 2014.
			Real Estate Properties		Real Estate Equity Securities		Total
	Carrying value as of March 31, 2014		$	25,869,594	$	3,166,772	$	29,036,366
	Reconciliation to total assets of March 31, 2014
		Carrying value per reportable segments					$	29,036,366
		Corporate level assets					4,211,622
		Total assets					$	33,247,988
	Carrying value as of December 31, 2013		$	26,216,217	$	2,882,206	$	29,098,423
	Reconciliation to total assets of December 31, 2013
		Carrying value per reportable segments					$	29,098,423
		Corporate level assets					3,593,611
		Total assets					$	32,692,034
		Three Months Ending March 31, 2014
	Revenues
		Rental and other property income	$	544,218	$	—	$	544,218
		Tenant reimbursement income	50,249		—		50,249
		Investment income on marketable securities	—		25,521		25,521
		Total revenues	594,467		25,521		619,988
	Operating expenses
		Property operating expenses	80,083		—		80,083
		Total segment operating expenses	80,083		—		80,083
	Operating income - segments		$	514,384	$	25,521	$	539,905
	Reconciliation to net loss
	Operating income - segments						$	539,905
		General and administrative expenses					(588,037		)
		Acquisition related expenses					(38,542		)
		Depreciation					(125,618		)
		Amortization					(220,570		)
	Operating loss						(432,862		)
		Interest expense					(128,088		)
		Net realized loss upon sale of marketable securities					(26,567		)
	Net loss						$	(587,517	)

ORGANIZATION_Details

ORGANIZATION (Details) (USD $)	0 Months Ended	3 Months Ended	11 Months Ended				0 Months Ended
	31-May-13	Mar. 31, 2014	Dec. 31, 2012	Feb. 07, 2012	Feb. 07, 2012	Feb. 07, 2012	Feb. 14, 2012
		class_of_stock			RREEF Property Trust [Member]	RREEF Property OP Holder [Member]	Common Class B [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]	'	'	'	'	'	'	'
Issuance of common stock, shares	'	'	'	'	'	'	16,667
Issuance of common stock, value	$10,000,000	$3,144,443	$200,000	'	'	'	$200,000
General Partners' contributed capital	'	'	'	'	199,000	'	'
Limited Partners' contributed capital	'	'	'	'	'	1,000	'
Value of shares offered pursuant to registration statement	'	'	'	2,250,000,000	'	'	'
Dividend reinvestment plan	'	'	'	250,000,000	'	'	'
Class of common stocks	'	2	'	'	'	'	'
Inclusion of Pennsylvania investors, value of common stock purchase orders received, minimum, excluding Pennsylvania investors	'	'	'	$75,000,000	'	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended				23 Months Ended	3 Months Ended				3 Months Ended
	Mar. 31, 2014	Feb. 07, 2012	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014
			Allstate Insurance Company [Member]	9022 Heritage Parkway [Member]	RREEF America [Member]	9022 Heritage Parkway [Member]	Wallingford Plaza [Member]	Walgreen Co. [Member]	Allstate Insurance Company [Member]	Keller Williams [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'	'	'	'	'	'	'	'	'	'
Offering costs incurred	'	'	'	'	$4,618,318	'	'	'	'	'
Reimbursement period	'60 months	'	'	'	'	'	'	'	'	'
Maximum offering costs as percentage of gross proceeds from initial public offering	'	15.00%	'	'	'	'	'	'	'	'
Percentage of taxable income required for REIT distribution	90.00%	'	'	'	'	'	'	'	'	'
Number of real estate properties owned	2	'	'	'	'	'	'	'	'	'
Concentration of revenue, geographic area and property type	'	'	'	'	'	52.60%	'	25.30%	'	12.20%
Concentration Risk, Percentage	'	'	'	'	'	'	47.40%	'	'	'
Percentage of rentable space leased	'	'	100.00%	100.00%	'	'	'	'	'	'
In-place base annualized rental revenues, as percent	'	'	'	'	'	'	'	24.70%	58.00%	'

REAL_ESTATE_INVESTMENTS_Narrat

REAL ESTATE INVESTMENTS - Narrative (Details) (USD $)

0 Months Ended

3 Months Ended

11 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

Dec. 18, 2013

31-May-13

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Mar. 31, 2014

31-May-13

Mar. 31, 2014

Dec. 18, 2013

Mar. 31, 2014

Apr. 11, 2014

Apr. 11, 2014

Apr. 11, 2014

Allstate Insurance Company [Member]

9022 Heritage Parkway [Member]

9022 Heritage Parkway [Member]

Wallingford Plaza [Member]

9022 Heritage Parkway and Wallingford Parkway [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

1109 COmmerce Center [Member]

1109 COmmerce Center [Member]

sqft

Real Estate Properties [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total real estate at cost

'

'

'

'

'

'

'

$13,300,000

'

$12,750,000

'

'

$19,750,000

'

Acquisition funded from lines of credit

5,500,000

6,700,000

'

'

'

'

'

'

'

'

'

17,600,000

'

8,840,000

Net Rentable Area

'

'

'

'

'

'

'

'

'

'

'

'

259,910

'

Percentage of rentable space leased

'

'

'

'

'

'

100.00%

'

100.00%

'

'

'

'

'

Rental and other property income

'

'

544,218

'

'

'

'

'

'

'

594,466

'

'

'

Net loss

'

'

-587,517

'

0

'

'

'

'

'

168,196

'

'

'

Rental and other property income, pro forma

'

'

1,089,604

789,643

'

'

'

'

'

'

'

'

'

'

Net loss, pro forma

'

'

371,743

315,754

'

'

'

'

'

'

'

'

'

'

Acquisition related costs

'

'

$38,542

'

'

$137,484

'

'

'

'

'

'

'

'

REAL_ESTATE_INVESTMENTS_Purcha

REAL ESTATE INVESTMENTS - Purchase Price Allocation (Details) (USD $)	Mar. 31, 2014	31-May-13	Dec. 18, 2013
		9022 Heritage Parkway [Member]	Wallingford Plaza [Member]
Business Acquisition [Line Items]	'	'	'
Land	$6,023,990	$2,310,684	$3,713,306
Building and improvements	14,833,084	7,206,490	7,626,594
Acquired in-place lease	5,952,394	3,773,246	2,179,148
Acquired above-market leases	9,580	9,580	0
Acquired below-market leases	-791,100	0	-791,100
Total purchase price	$26,027,948	$13,300,000	$12,727,948

MARKETABLE_SECURITIES_Details

MARKETABLE SECURITIES (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]	'
Marketable securitiesbcost	$3,039,172
Unrealized gains	164,561
Unrealized losses	-36,961
Net unrealized gain	127,600
Marketable securitiesbfair value	3,166,772
Proceeds from sale of marketable securities	730,228
Gross realized gains from sale of marketable securities	14,392
Gross realized losses from sale of marketable securities	$40,959

LINE_OF_CREDIT_Details

LINE OF CREDIT (Details) (USD $)	Mar. 31, 2014	1-May-13	1-May-13	1-May-13
			Line of Credit [Member]	Line of Credit [Member]
			Minimum [Member]	Maximum [Member]
			One-, Two- or Three-Month LIBOR [Member]	One-, Two- or Three-Month LIBOR [Member]
Line of Credit Facility [Line Items]	'	'	'	'
Line of credit, current borrowing capacity	'	$50,000,000	'	'
Basis spread on variable rate	'	'	2.20%	2.50%
Line of credit, interest rate at period end	2.36%	'	'	'
Percentage applied to the value of qualified properties	60.00%	'	'	'
Percentage applied to the value of qualified marketable securities	50.00%	'	'	'
Maximum percentage of borrowing base made up of marketable securities	20.00%	'	'	'
Maximum percentage of borrowing base attributable to real estate investments, applicable to ground leased property	15.00%	'	'	'
Line of credit, borrowing base	$17,244,832	'	'	'

RELATED_PARTY_ARRANGEMENTS_Det

RELATED PARTY ARRANGEMENTS (Details) (USD $)

3 Months Ended

11 Months Ended

12 Months Ended

23 Months Ended

26 Months Ended

3 Months Ended

12 Months Ended

23 Months Ended

Mar. 31, 2014

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Nov. 11, 2013

29-May-13

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Offering [Member]

Operating [Member]

RREEF America [Member]

RREEF America [Member]

RREEF America [Member]

RREEF America [Member]

RREEF America [Member]

RREEF America [Member]

RREEF America [Member]

RREEF America [Member]

RREEF America [Member]

Offering [Member]

Offering [Member]

Organizational [Member]

Organizational [Member]

Operating [Member]

Operating [Member]

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Daily advisory fee accrued as percentage of fixed component of investment

'

'

'

'

'

'

'

'

'

0.00%

0.00%

'

'

'

'

'

'

'

Percentage of RREEF America advisory fee to NAV

'

'

'

'

'

'

'

'

'

0.00%

0.00%

'

'

'

'

'

'

'

Reimbursement period

'60 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Offering costs incurred

'

'

'

'

'

'

'

'

'

'

'

$4,618,318

'

'

'

'

'

'

Combined net asset value, common stock, at which advisory fee will begin accrual

'

'

'

'

'

'

'

'

'

50,000,000

50,000,000

'

'

'

'

'

'

'

Performance fee to advisor, percentage return per share threshold

'

'

'

'

'

'

'

'

'

6.00%

6.00%

'

'

'

'

'

'

'

Performance fee to advisor as percent of excess total return

'

'

'

'

'

'

'

'

'

25.00%

25.00%

'

'

'

'

'

'

'

Performance fee to advisor, limit as percent of excess total return

'

'

'

'

'

'

'

'

'

10.00%

10.00%

'

'

'

'

'

'

'

Performance fee to advisor, net asset value per share, threshold to which no fee earned on increase

'

'

'

'

'

'

'

'

'

$12

$12

'

'

'

'

'

'

'

Due to related party, expenses, quarterly repayment commitment

'

'

'

'

'

'

250,000

'

'

'

'

'

'

'

'

'

'

'

Due to affiliate

200,000,000

'

'

'

200,000,000

'

200,000,000

'

'

'

'

'

'

'

'

'

'

'

Days for termination notice

'30 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum reimbursement period upon termination of support agreement

'30 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expenses to advisor not reimbursable, percentage of invested assets threshold exceeded by operating expenses

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

'

'

Expenses to advisor not reimbursable, percentage of net income excluding certain reductions threshold exceeded by operating expenses

'

'

'

'

'

'

'

'

'

'

25.00%

'

'

'

'

'

'

'

Reimbursable offering costs determination, gross offering costs, percentage

'

'

'

'

'

'

'

'

'

15.00%

15.00%

'

'

'

'

'

'

'

Underwriting compensation for initial public offering as percent of gross offering proceeds

'

'

'

'

'

'

'

'

'

10.00%

10.00%

'

'

'

'

'

'

'

Offering - reversal

'

'

'

'

'

'

'

'

'

1,639,589

1,639,589

'

'

'

'

'

'

'

Payments of Stock Issuance Costs

248,231

0

'

'

'

'

'

185,506

'

'

'

'

'

'

'

'

'

'

Repayments of Related Party Debt

'

'

'

'

'

'

'

'

'

222,570

'

'

'

'

'

'

'

'

Reimbursable Cost to Advisor

'

'

'

'

'

'

'

'

'

2,756,159

2,756,159

2,987,400

2,756,159

2,950,336

0

37,064

0

0

Related Party Transaction Expense Support-Additions

'

'

'

'

'

'

'

388,502

861,196

'

'

'

'

'

'

'

'

'

Expense Payments

'

'

'

'

'

5,100,000

'

'

'

4,276,791

4,276,791

3,018,422

1,138,534

741,361

0

0

3,138,257

2,277,061

Total due to RREEF America

'

'

'

'

'

'

'

'

'

7,032,950

7,032,950

6,005,822

3,894,693

3,691,697

0

37,064

3,138,257

2,277,061

Offering costs not subject to reimbursement by RREEF America

65,914

'

229,237

'

295,151

'

'

'

'

'

'

'

'

'

'

'

'

'

Prepaid Expense, Related Party

-563,176

'

'

'

-563,176

'

'

'

'

'

'

'

'

'

'

'

'

'

Total offering costs

$430,451

'

'

$3,920,934

$4,375,350

'

'

'

'

'

'

'

'

'

'

'

'

'

CAPITALIZATION_Details

CAPITALIZATION (Details) (USD $)	12 Months Ended							3 Months Ended
	Mar. 31, 2014	Jan. 22, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
				Common Class A [Member]	Common Class A [Member]	Common Class B [Member]	Common Class B [Member]	Common Class A [Member]
Schedule of Capitalization [Line Items]	'	'	'	'	'	'	'	'
Common stock redemption price per share	'	$12.21	'	'	'	'	'	'
Common stock, shares authorized (in shares)	1,000,000,000	'	'	500,000,000	500,000,000	500,000,000	500,000,000	'
Preferred stock, shares authorized (in shares)	50,000,000	'	50,000,000	'	'	'	'	'
Common stock, par value (in usd per share)	$0.01	'	'	$0.01	$0.01	$0.01	$0.01	'
Maximum selling commissions as percentage of purchase price	3.00%	'	'	'	'	'	'	'
Preferred stock, par value (in usd per share)	$0.01	'	$0.01	'	'	'	'	'
Aggregate redemptions value limit, as a percentage of combined net asset value	5.00%	'	'	'	'	'	'	'
Aggregate redemptions value including carryover limit, as a percentage of combined net asset value	10.00%	'	'	'	'	'	'	'
Common stock redemption limit per shareholder, as a percentage of shares held	5.00%	'	'	'	'	'	'	'
Redemptions as a percentage of net asset value, last business day of preceding quarter	4.00%	'	'	'	'	'	'	'
Short term trading penalty period	'365 days	'	'	'	'	'	'	'
Short-term trading discount as percentage of gross proceeds	2.00%	'	'	'	'	'	'	'
Stock Redeemed or Called During Period, Shares	'	'	'	'	'	'	'	7,962
Minimum balance of common stock, threshold at which company has option to redeem shares	$500	'	'	'	'	'	'	'

DISTRIBUTIONS_Details

DISTRIBUTIONS (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Class of Stock [Line Items]	'
Percentage of taxable income required for REIT distribution	90.00%
Dividends declared (in usd per share)	$0.00
Distributions declared per common share	$0.00
Common Class A [Member]	'
Class of Stock [Line Items]	'
Stock issued during period, dividend reinvestment plan (in shares)	5,162
Common Class B [Member]	'
Class of Stock [Line Items]	'
Stock issued during period, dividend reinvestment plan (in shares)	12,505

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended	11 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2012	Dec. 31, 2013
	segment
Segment Reporting Information [Line Items]	'	'	'
Real estate properties	$25,869,594	'	$26,216,217
Investment in marketable securities	3,166,772	'	2,882,206
Investments	29,036,366	'	29,098,423
Reconciliation to total assets of March 31, 2014	'	'	'
Total assets	33,247,988	'	32,692,034
Revenues	'	'	'
Rental and other property income	544,218	'	'
Tenant reimbursement income	50,249	'	'
Investment income on marketable securities	25,521	'	'
Revenues	619,988	'	'
Operating expenses	'	'	'
Property operating expenses	80,083	'	'
Total segment operating expenses	80,083	'	'
Operating Income - Segments	539,905	'	'
Reconciliation to net loss	'	'	'
General and administrative expense	-588,037	'	'
Acquisition related expenses	-38,542	'	-137,484
Depreciation	-125,618	'	'
Amortization	-220,570	'	'
Operating loss	-432,862	'	'
Interest expense	-128,088	'	'
Net realized loss upon sale of marketable securities	-26,567	0	'
Net loss	-587,517	0	'
Additional Disclosure [Abstract]	'	'	'
Number of reportable segments	2	'	'
Real Estate Properties [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Real estate properties	25,869,594	'	26,216,217
Revenues	'	'	'
Tenant reimbursement income	50,249	'	'
Revenues	594,467	'	'
Operating expenses	'	'	'
Total segment operating expenses	80,083	'	'
Operating Income - Segments	514,384	'	'
Real Estate Equity Securities [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Real estate properties	'	'	2,882,206
Investment in marketable securities	3,166,772	'	'
Revenues	'	'	'
Rental and other property income	0	'	'
Tenant reimbursement income	0	'	'
Investment income on marketable securities	25,521	'	'
Revenues	25,521	'	'
Operating expenses	'	'	'
Property operating expenses	0	'	'
Total segment operating expenses	0	'	'
Operating Income - Segments	25,521	'	'
Corporate [Member]	'	'	'
Reconciliation to total assets of March 31, 2014	'	'	'
Total assets	$4,211,622	'	$3,593,611

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)

3 Months Ended

0 Months Ended

1 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

1 Months Ended

12 Months Ended

Mar. 31, 2014

Jan. 22, 2014

Nov. 11, 2013

29-May-13

1-May-13

Apr. 02, 2014

12-May-14

8-May-14

Apr. 30, 2014

Apr. 24, 2014

12-May-14

Apr. 11, 2014

8-May-14

8-May-14

Mar. 31, 2014

Mar. 31, 2014

12-May-14

12-May-14

Mar. 31, 2014

Dec. 31, 2013

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

1109 COmmerce Center [Member]

Minimum [Member]

Maximum [Member]

Annualized dividend_Adjusted [Member]

Dividend Paid [Member]

Maximum [Member]

Minimum [Member]

RREEF America [Member]

RREEF America [Member]

Common Class A [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

sqft

Subsequent Event [Line Items]

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Trigger event - lump sum payment

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5.00%

100.00%

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'

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Minimum Net Worth Required for Compliance

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$50,000,000

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Basis spread on variable rate

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20000.00%

10000.00%

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Commitments and Contingencies

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0.00%

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Stock Repurchased During Period, Shares

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'

'

'

'

'

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2,047

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'

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Distributions declared per common share

$0.00

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$0.00

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'

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Business Combination, Consideration Transferred

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19,750,000

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Net Rentable Area

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'

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259,910

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Line of Credit Facility, Current Borrowing Capacity

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50,000,000

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'

'

Related Party Transactions, Quarterly Payment Commitment, Triggering Event, Proceeds Raised

200,000,000

'

'

200,000,000

'

'

'

200,000,000

200,000,000

'

'

'

'

'

'

'

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'

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Due to related party, expenses, quarterly repayment commitment

'

'

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250,000

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250,000

'

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325,000

400,000

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Expense Payments

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5,100,000

'

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7,100,000

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4,276,791

3,018,422

Triggering Event-Gross proceeds

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$850,000,000

$1,900,000,000

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Common stock redemption price per share

'

$12.21

'

'

'

'

'

'

'

$12.30

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'

'

'

'

'

'

'

'

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Short-term trading discount as percentage of gross proceeds

2.00%

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'

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'

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2.00%

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Expenses to Advisor Not Reimbursable, Percentage of Invested Assets Threshold Exceeded By Operating Expenses

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'

'

'

'

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2.00%

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Expenses to Advisor Not Reimbursable, Percentage of Net Income Excluding Certain Reductions Threshold Exceeded By Operating Expenses

'

'

'

'

'

'

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'

'

'

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25.00%

'

Reimbursable Offering Costs Determination, Gross Offering Costs, Percentage

'

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15.00%

'