UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): December 19, 2022
RREEF Property Trust, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 000-55598 | 45-4478978 | |||||||||
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||
| 875 Third Avenue, 26th Floor | New York, | NY | 10022 | ||||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||||||||
(212) 454-4500
Registrant's telephone number, including area code
Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| None | None | None | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01 Other Events
As of December 16, 2022, RREEF Property Trust, Inc. (the “Company”) has received share redemption requests during the quarter ending December 31, 2022 in excess of the limit of 5% of the Company’s combined net asset value (“NAV”) as of September 30, 2022. Pursuant to the terms of the Company’s share redemption plan (the “Share Redemption Plan”), all redemption requests received during the quarter prior to December 16, 2022 were satisfied 100% on a first-come, first-served basis. Redemption requests received on December 16, 2022 were satisfied on a pro rata basis without regard to share class such that aggregate redemptions during the quarter ending December 31, 2022 did not exceed the limit of 5% of the Company’s combined NAV as of September 30, 2022.
As a result of reaching the quarterly redemption volume limitation under the Share Redemption Plan, the Company will no longer accept additional redemption requests until January 1, 2023. All unsatisfied redemption requests received during the quarter ending December 31, 2022 must be resubmitted on or after January 1, 2023 to be accepted.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| RREEF Property Trust, Inc. | |||||
| By: | /s/ Eric Russell | ||||
| Name: | Eric Russell | ||||
| Title: | Chief Financial Officer | ||||
Date: December 19, 2022