RREEF Property Trust’s Redemption Recovery Stalls at Quarterly Cap, Fulfilling 67.6% of June Requests
RREEF Property Trust fulfilled approximately 67.6% of stockholders’ June redemption requests after demand exceeded the nontraded real estate investment trust’s quarterly repurchase limit, the company disclosed. Stockholders whose requests were prorated received 67.6% of the shares they sought to redeem; death and disability-based requests and small accounts with less than the $500 minimum were honored in full.
The shortfall traces to a different constraint than in recent months. RREEF’s share redemption plan caps repurchases at 2% of combined net asset value per month and 5% per calendar quarter, with the quarterly figure measured against net asset value as of the prior quarter’s end. April and May redemption requests each exceeded only the 2% monthly limit, leaving enough room under the rolling 5% quarterly ceiling for RREEF to fulfill 95.6% and 97.5% of requests, respectively. By June, the third month of the quarter, cumulative redemptions had used up most of that quarterly allowance, and June’s request volume exceeded the amount remaining under the cap rather than the monthly limit alone.
The result interrupts a recovery AltsWire has tracked closely. RREEF fulfilled 100% of redemption requests in February 2026, a turnaround tied to a $15 million capital infusion from RREEF Fund Holding LLC, an affiliate of the REIT’s adviser. That fulfillment rate held up through the spring – 95.6% in April, 97.5% in May – before the quarterly cap bound in June. Even at 67.6%, June’s fulfillment remains well above the lows RREEF posted during its 2024 and 2025 liquidity strain, when prorated stockholders received as little as 17% of requests in June 2025 and 24.3% in September 2024.
RREEF also reported its daily NAV per share for June. Class A shares opened the month at $13.12, dipped to $13.06 in the first week, and closed June at $13.16, a modest net increase for the month.
RREEF Property Trust has raised approximately $498.2 million from investors since its 2013 inception, including proceeds reinvested through its distribution reinvestment plan. The trust owned eight properties as of March 31, 2026, down from 11 a year earlier following a series of dispositions, spanning office, industrial, retail, and residential assets valued at approximately $444.8 million and 97.4% leased. RREEF declared a distribution of $0.22492 per share for the first quarter of 2026, implying an annualized rate of approximately 6.9% based on the Class A NAV per share; the company said the distribution was covered 42.7% by cash flow from operations and 57.3% by borrowings.
RREEF Property Trust is advised by RREEF America L.L.C., an affiliate of DWS Group.
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