August 24, 2017 7:00 AM ET

Capital Markets

Company Overview of RREEF Property Trust, Inc.

Company Overview

RREEF Property Trust, Inc. is a privately owned real estate investment trust launched and managed by RREEF America, L.L.C. It invests in the real estate markets across United States. RREEF Property Trust, Inc. was formed on February 7, 2012 and is based in New York, New York.

345 Park Avenue

24th Floor

New York, NY 10154

United States



Key Executives for RREEF Property Trust, Inc.

Chief Financial Officer and Vice President
Vice President and Secretary
Vice President and Treasurer
Compensation as of Fiscal Year 2017.

RREEF Property Trust, Inc. Key Developments

RREEF Property Trust, Inc., Q1 2017 Earnings Call, May 17, 2017

RREEF Property Trust, Inc., Q1 2017 Earnings Call, May 17, 2017

RREEF Property Trust, Inc., Annual General Meeting, May 11, 2017

RREEF Property Trust, Inc., Annual General Meeting, May 11, 2017, at 08:00 Central Standard Time. Location: corporate offices at 222 South Riverside Plaza corporate offices at 222 South Riverside Plaza Chicago Illinois United States Agenda: To elect seven directors to board of directors for the ensuing year; to ratify the appointment of KPMG LLP as independent registered public accounting firm for the year ending December 31, 2017; and to transact such other business as may properly come before the meeting and any adjourned session of the meeting.

RREEF Property Trust, Inc. Enters into Credit Agreement Providing for $13.0 Million Secured, Fully Non-Recourse Loan with Hartford Life Insurance Company

On December 1, 2016, RPT 1109 Commerce Boulevard, LLC and an indirect wholly-owned subsidiary of RREEF Property Trust, Inc. as borrower, entered into a credit agreement providing for a $13.0 million secured, fully non-recourse loan with Hartford Life Insurance Company, which is not affiliated with the company or any of the Company's affiliates. The Loan is secured by 1109 Commerce Boulevard, which is comprised of a 259,910 square foot industrial building on a 14.4 acre site, and an adjacent 9.7 acre parcel of land, located in Logan Township, New Jersey (the Property"). The Company acquired the Property for a gross purchase price of $19.75 million on April 11, 2014, exclusive of closing costs, and owns it through RPT 1109 Commerce Boulevard. The Property contains two tenants occupying 100% of the building. If Performance Food Group, Inc. does not exercise their renewal option pursuant to their lease (such lease expires in December 2021), RPT 1109 Commerce Boulevard will be required to deposit $320,000 with Hartford to pay for re-leasing costs. Also on December 1, 2016 and in connection with the Loan, RPT 1109 Commerce Boulevard executed an environmental indemnity agreement (the Agreement") to and for the benefit of Hartford, which provides for certain indemnifications if the use of the Property is not in material compliance with current Environmental Law (as defined in the Agreement). The interest rate for the Loan is fixed at 3.41% with interest-only payments for the first 24 months of the term, followed by payments including interest and principal based on a 30-year amortization schedule for the remainder of the seven year term. The maturity date of the Loan is December 1, 2023 with no extension options. The Loan permits voluntary prepayment of the full amount of the Loan at any time after 18th month of the term the subject to payment of the applicable prepayment premium, which is (a) equal to a yield maintenance calculation for prepayments occurring from the beginning of the 19th month of the term up to and including the 60th month of the term, or (b) 1.0% of the principal amount outstanding for prepayments occurring during months 61 through 72 of the term. The Loan is prepayable at par during the last twelve months of the term. Additionally, the Loan contains a one-time option to be assumed by a new borrower subject to satisfaction, in Hartford's sole discretion, of specified conditions and payment of a fee equal to 1.0% of the outstanding balance of the Loan.

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