Company Overview of RREEF Property Trust, Inc.
345 Park Avenue
New York, NY 10154
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 2014.
RREEF Property Trust, Inc. Key Developments
RREEF Property Trust, Inc. Announces Closing of $75 Million Secured Revolving Credit Facility
Mar 18 15
RREEF Property Trust, Inc. announced the closing of a $75 million secured revolving credit facility with Wells Fargo Bank, National Association on March 6, 2015. At closing, RREEF Property Trust borrowed approximately $43.4 million under the Facility to retire and replace RREEF Property Trust's existing $50 million secured revolving credit facility with Regions Bank, which was scheduled to mature on May 1, 2015. Pricing under the Facility is based on RREEF Property Trust's debt yield ratio and is currently at LIBOR + 170 basis points. An accordion feature will allow RREEF Property Trust to increase the Facility by up to $75 million, subject to meeting specified conditions, for a total maximum commitment of $150 million. The Facility is scheduled to mature on March 6, 2018 and may be extended for two 12-month periods to March 6, 2020 subject to satisfaction of certain conditions and payment of extension fees. Wells Fargo Bank, National Association is acting as sole administrative agent and lender on the Facility and can add additional lenders when the accordion feature is exercised.
RREEF Property Trust, Inc. Announces Management Changes
Feb 5 15
RREEF Property Trust, Inc. announced the appointment of Julianna Ingersoll as its Chief Operating Officer and Executive Vice President, Eric Russell as its Chief Financial Officer and Vice President and Aimee Samford as its Treasurer, effective immediately. Ingersoll, in her new role, is responsible for business development, operations and finance, including external and internal sales, relations with third-party distributors, product development and strategy. Since 2012 and most recently, she served as RREEF Property Trust's Chief Financial Officer and Vice President. Russell is responsible for finance, accounting, reporting, and all treasury-related functions. Most recently, he served as RREEF Property Trust's Assistant Treasurer. Samford, in her new role, oversees treasury functions in addition to her current responsibilities as Secretary of RREEF Property Trust. Samford also is the Chief Operating Officer for Deutsche AWM's real estate business within its Alternatives and Real Assets business in the Americas.
RREEF Property Trust, Inc. Announces Acquisition of Anaheim Hills Office Plaza
Jul 7 14
RREEF Property Trust Inc. announced the acquisition of Anaheim Hills Office Plaza, a high-quality multi-tenant office building in Orange County, California for $18.5 million. Located at 160 North Riverview Drive in Anaheim, the three-story Class A building was built in 2008 and comprises approximately 73,892 square feet. The building is 100% leased to three businesses in the diverse industries of financial services, real estate, and aerospace and defence. Positioned in the Anaheim Hills submarket, the property is in close proximity to the regional freeway system and has direct access to CA-91. In addition, its position is highly visible from the highway, with easy access to numerous restaurants, retail and service amenities.
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