Filed Pursuant to Rule 424(b)(3)
Registration No. 333-232425
RREEF PROPERTY TRUST, INC.
SUPPLEMENT NO. 21 DATED APRIL 4, 2023
TO THE PROSPECTUS DATED APRIL 18, 2022
This document supplements, and should be read in conjunction with, our prospectus dated April 18, 2022, as supplemented by Supplement No. 1 dated May 6, 2022, Supplement No. 2 dated May 17, 2022, Supplement No. 3 dated June 3, 2022, Supplement No. 4 dated July 1, 2022, Supplement No. 5 dated July 6, 2022, Supplement No. 6 dated August 3, 2022, Supplement No. 7 dated August 16, 2022, Supplement No. 8 dated September 2, 2022, Supplement No. 9 dated October 4, 2022, Supplement No. 10 dated October 31, 2022, Supplement No. 11 dated November 2, 2022, Supplement No. 12 dated November 18, 2022, Supplement No. 13 dated December 2, 2022, Supplement No. 14 dated December 9, 2022, Supplement No. 15 dated December 19, 2022, Supplement No. 16 dated January 4, 2023, Supplement No. 17 dated February 2, 2023, Supplement No. 18 dated February 24, 2023, Supplement No. 19 dated March 2, 2023 and Supplement No. 20 dated March 23, 2023. Unless otherwise defined herein, capitalized terms shall have the same meanings as set forth in the prospectus. The purpose of this supplement is to disclose:
•our daily net asset value, or NAV, per share for our common stock for the month of March 2023; and
•the limit on redemptions pursuant to our share redemption plan for the second quarter of 2023.
Historical NAV per Share
The following table sets forth the NAV per share for the Class A, Class I, Class T, Class D, Class M-I, Class T2 and Class N shares of our common stock on each business day for the month of March 2023. There were no Class S shares of our common stock outstanding during this period.
Date | NAV per Class A Share | NAV per Class I Share | NAV per Class T Share | NAV per Class D Share* | NAV per Class M-I Share | NAV per Class T2 Share | NAV per Class N Share** | |||||||||||||||||||||||||||||||||||||
March 1, 2023 | $15.55 | $15.64 | $15.68 | $15.66 | $15.55 | $15.49 | $15.56 | |||||||||||||||||||||||||||||||||||||
March 2, 2023 | $15.55 | $15.64 | $15.68 | $15.66 | $15.55 | $15.49 | $15.56 | |||||||||||||||||||||||||||||||||||||
March 3, 2023 | $15.55 | $15.64 | $15.68 | $15.66 | $15.55 | $15.49 | $15.56 | |||||||||||||||||||||||||||||||||||||
March 6, 2023 | $15.55 | $15.65 | $15.68 | $15.66 | $15.55 | $15.50 | $15.56 | |||||||||||||||||||||||||||||||||||||
March 7, 2023 | $15.55 | $15.65 | $15.68 | $15.66 | $15.56 | $15.50 | $15.56 | |||||||||||||||||||||||||||||||||||||
March 8, 2023 | $15.55 | $15.65 | $15.68 | $15.67 | $15.56 | $15.50 | $15.56 | |||||||||||||||||||||||||||||||||||||
March 9, 2023 | $15.55 | $15.65 | $15.68 | $15.67 | $15.56 | $15.50 | $15.57 | |||||||||||||||||||||||||||||||||||||
March 10, 2023 | $15.55 | $15.65 | $15.68 | $15.67 | $15.56 | $15.50 | $15.57 | |||||||||||||||||||||||||||||||||||||
March 13, 2023 | $15.55 | $15.65 | $15.68 | $15.67 | $15.56 | $15.50 | $15.57 | |||||||||||||||||||||||||||||||||||||
March 14, 2023 | $15.36 | $15.45 | $15.49 | $15.47 | $15.37 | $15.31 | $15.37 | |||||||||||||||||||||||||||||||||||||
March 15, 2023 | $15.36 | $15.45 | $15.49 | $15.47 | $15.37 | $15.31 | $15.37 | |||||||||||||||||||||||||||||||||||||
March 16, 2023 | $15.36 | $15.45 | $15.49 | $15.47 | $15.37 | $15.31 | $15.38 | |||||||||||||||||||||||||||||||||||||
March 17, 2023 | $15.10 | $15.19 | $15.23 | $15.21 | $15.11 | $15.05 | $15.12 | |||||||||||||||||||||||||||||||||||||
March 20, 2023 | $15.10 | $15.19 | $15.23 | $15.22 | $15.11 | $15.05 | $15.12 | |||||||||||||||||||||||||||||||||||||
March 21, 2023 | $15.10 | $15.19 | $15.23 | $15.22 | $15.11 | $15.05 | $15.12 | |||||||||||||||||||||||||||||||||||||
March 22, 2023 | $15.10 | $15.19 | $15.23 | $15.22 | $15.11 | $15.05 | $15.12 | |||||||||||||||||||||||||||||||||||||
March 23, 2023 | $14.95 | $15.05 | $15.08 | $15.07 | $14.97 | $14.90 | $14.97 | |||||||||||||||||||||||||||||||||||||
March 24, 2023 | $14.95 | $15.05 | $15.08 | $15.07 | $14.97 | $14.90 | $14.97 | |||||||||||||||||||||||||||||||||||||
March 27, 2023 | $14.95 | $15.05 | $15.08 | $15.07 | $14.97 | $14.90 | $14.97 | |||||||||||||||||||||||||||||||||||||
March 28, 2023 | $14.95 | $15.05 | $15.08 | $15.07 | $14.97 | $14.90 | $14.98 |
March 29, 2023 | $14.96 | $15.05 | $15.08 | $15.08 | $14.97 | $14.91 | $14.98 | |||||||||||||||||||||||||||||||||||||
March 30, 2023 | $14.96 | $15.05 | $15.08 | $15.08 | $14.97 | $14.91 | $14.98 | |||||||||||||||||||||||||||||||||||||
March 31, 2023 | $14.87 | $14.96 | $15.00 | $14.98 | $14.88 | $14.82 | $14.88 | |||||||||||||||||||||||||||||||||||||
*Class D shares are currently being offered pursuant to a private placement offering.
**Class N shares are not available for purchase except through our distribution reinvestment plan.
Purchases and redemptions of shares of our common stock are made in accordance with our policies as set forth in our prospectus. Our NAV per share is posted daily on our website at www.rreefpropertytrust.com and is made available on our toll-free, automated telephone line at (855) 285-0508.
Please refer to “Net Asset Value Calculation and Valuation Guidelines” in our prospectus for important information about how our NAV is determined.
Share Redemption Plan Limit
For the quarter ended June 30, 2023, the limit for redemptions pursuant to our share redemption plan is $16,429,651.