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DWS Group

RREEF Property Trust Fund

ZRPT

Overview

Manager:
DWS Group
Manager Location:
New York, United States
Manager Website:
dws.com
Fund Website:
rreefpropertytrust.com
Contact Email:
hidden@example.com
Contact Phone:
+12 34 5678 9012
Fundraising Status:
Open
Regime:
Non-Traded REIT (US)
Fund Domicile:
United States
Term:
Perpetual Life
Vintage:
2012
Inception Date:
Feb 7, 2012
Fund Size:
$222.5M (as of Jun 30, 2025)
Base Currency:
USD
Investor Type:
Retail
Authorised for Sale:
United States

Strategy

Asset Class:
Real Estate
Sub-Asset Class:
Core RE
Underlying Investment Type:
Primary
Strategy Description:
The fund's strategy is to acquire a diversified portfolio of (1) high-quality, income-producing commercial real estate properties, (2) common and preferred stock of publicly traded REITs and other real estate companies, and (3) debt backed principally by real estate. The real property portfolio is, and is expected to remain, diversified across investable and target markets throughout the United States and consists primarily of office, industrial, retail, residential and self-storage property types. This strategy seeks reasonably stable current income and potential NAV appreciation while maintaining sufficient liquidity to satisfy daily redemption requests.
Geographic focus:
United States
Sector focus:
Office (RE), Industrial (RE), Retail (RE), Residential (RE)
No. of Investments:
11 (as of Jun 30, 2025)
Focus Investment Type:
-
Other Focus:
-
Leverage:
No more than 3x debt-to-NAV, expects a leverage ratio in the range of 50% of gross assets.
Investment Limits:
No more than 80% of net assets in properties. No more than 35% of net assets in real estate equity securities. No more than 40% of net assets in real estate loans. No more than 10% of net assets in cash, cash equivalents and other short-term investments.

Allocations

Sector Breakdown

as of Jun 30, 2025

Geographic Breakdown

as of Jun 30, 2025

Category Breakdown

as of Jun 30, 2025

Portfolio Properties

as of Jun 30, 2025
Property NamePurchase Price (USD M)LocationSectorAcquisition Date
Commerce Corner$45.44MLogan Township, NJIndustrialApril 2014
Loudoun Gateway I$21.95MSterling, VAOfficeDecember 2015
Providence Square$54.85MMarietta, GARetailSeptember 2019
The Glenn$128.5MCentennial, COResidentialNovember 2021

Performance

for I share class

Total Returns (% Net of Fees)

as of Oct 31, 2025

Performance Metrics

as of Oct 31, 2025
Net returnsShare Class: IBorgline Benchmark - Evergreen, US, REMSCI US REIT Index
Since Inception (TR)109.9%35.6%106.4%
Since Inception (ann.)6.3%5.4%6.1%
2025 (YTD)4.6%3.2%2.1%
20243.6%6.8%7.5%
2023-12%-3.1%12.3%
20222.7%4.9%-25.4%
202123.1%20.9%41.7%
20204.2%0.3%-8.7%
20198.3%-24.3%
20187.7%--5.8%
20178.4%-3.8%
20167.3%-7.2%
20158.1%-1.3%
201410.7%-28.8%
2013 (from Sep 2013)3%-2.1%
Best Month Return4%3.7%11.7%
Best MonthNov 2021Nov 2021Jan 2019
Worst Month Return-5.4%-3%-21.8%
Worst MonthMar 2023Mar 2023Mar 2020
Distribution yield
TTM (ann.)6.2%--
Since Inception (ann.)5.3%--
Risk metrics
Volatility3.9%4.3%17.2%
Sharpe Ratio (risk-free rate of 4.3%)0.510.250.11

Key terms

for I share class
General
Distribution Type:
Distributing
Investor Type:
Non-retail
Currency:
USD
Share Class Inception Date:
-
Minimum Subsribtion:
$2,500
Liquidity
Gate:
2.0% of aggregate NAV per month and 5.0% of aggregate NAV per calendar quarter
Gate Level:
Aggregate NAV
Redemption Frequancy:
Monthly
Redemption Basis:
NAV per Share
Redemption Notice Period:
1 Business Day
Redemption Settlement:
-
Subscribtion Frequency:
Daily
Subscribtion Basis:
NAV per Share
Subscribtion Notice Period:
2 Business Days
Dividend Distribution Frequancy:
Monthly
Fees
Management Fee:
1%
Management Fee Basis:
NAV
Management Fee Paying Frequancy:
Monthly
Management fees charged on gross assets:
No
Portfolio-level fees (in addition to management fees):
Yes
Acquisition expense reimbursement
Performance Fee:
10%
25% of total return above 6% until 10%, then 10% of any total return over 10%.
Performance Fee Basis:
Distributions, Change in NAV per share
Hurdle rate:
6%
Catch-up:
25%
Of total return above 6% until 10%
Performance fees crystallize on unrealized gains:
Yes
Performance fees are charged on the change in NAV per share, and is payable annually. The adviser is not obligated to return advisory fees based on subsequent performance.
Perpetual High Water Mark Mechanism (or equivalent):
No
Each calendar year is measured independently, using the prior year-end NAV per share as the starting point.
Front load (subscription):
0%
Back load (redemption):
2%
If redeemed within 12 months.
Servicing fee:
0%

Key investment people

W. Todd Henderson
Head of Real Estate, Americas, DWS; Chairman of the Board, RREEF Property Trust
Dallas, United States
About

W. Todd Henderson oversees all real estate investment strategies and operations for DWS in the Americas. He joined the firm in 2003, previously serving as CIO for RREEF Real Estate Americas, and was responsible for managing multi-billion dollar portfolios and institutional relationships. Prior…

Contact details
LinkedInEmailPhone
View profilehidden@example.com+12 34 5678 9012
Key information
Investment committee member:
Yes
Years at the firm:
22 years
Years in the industry:
34 years
Personal bankruptcy cases (US, UK):
Not displayed...
Litigations/Arbitration cases (US, UK):
Not displayed...
Regulatory history (SEC, FCA):
Not displayed...
Notable deals
Managed $4.5B in value-added and development investments for institutional investors
Experience
DWS Group · 22 yrs 4 mos
Head of Real Estate, Americas
Nov 2011 - Present · 14 yrs
Dallas, United States
Chief Investment Officer, Americas
Mar 2009 - Nov 2011 · 2 yrs 8 mos
New York, United States
Head of Value Add & Development
Jun 2007 - Mar 2009 · 1 yr 9 mos
New York, United States
Transaction Officer, Northeast Region
Jul 2003 - Jun 2007 · 3 yrs 11 mos
New York, United States
The J.E. Robert Company · 9 yrs 11 mos
Director of Acquisitions
Jul 1993 - Jun 2003 · 9 yrs 11 mos
Washington, D.C., United States
First Gibraltar Bank · 1 yr 9 mos
Principal; Restructuring/disposition of nonperforming real estate loans
Sep 1991 - Jun 1993 · 1 yr 9 mos
Education
The Wharton School, University of Pennsylvania
MBA in Finance
Philadelphia, United States
University of North Texas
BA in History
Denton, United States
Anne-Marie Vandenberg
Chief Executive Officer, President & Board Member, RREEF Property Trust Fund
Chicago, United States
Resigned, effective Dec 1, 2025
About

Anne-Marie Vandenberg led RREEF Property Trust as CEO and President, overseeing portfolio management and firm operations while serving as Lead Portfolio Manager for DWS’s alternatives platform. She previously headed Real Estate Capital Markets, structuring and originating more than 200 financings…

Contact details
LinkedInEmailPhone
View profilehidden@example.com+12 34 5678 9012
Key information
Investment committee member:
Yes
Years at the firm:
19 years
Years in the industry:
21 years
Personal bankruptcy cases (US, UK):
Not displayed...
Litigations/Arbitration cases (US, UK):
Not displayed...
Regulatory history (SEC, FCA):
Not displayed...
Notable deals
Structured and originated over 200 real estate and fund financings totaling $11.65B
Experience
DWS · 15 yrs 8 mos
CEO, President & Lead Portfolio Manager, RREEF Property Trust
Jan 2018 - Sep 2025 · 7 yrs 8 mos
Chicago, United States
Head of Real Estate Capital Markets
Jan 2010 - Dec 2017 · 7 yrs 11 mos
Chicago, United States
RREEF Property Trust, Inc. · 4 yrs 1 mo
Vice President, Restructuring
Sep 2008 - Jan 2010 · 1 yr 4 mos
Chicago, United States
Vice President, North America Capital Markets
Dec 2005 - Dec 2009 · 4 yrs
Chicago, United States
RREEF - Deutsche Bank Asset Management · 1 yr 4 mos
Closing Coordinator
Jul 2004 - Nov 2005 · 1 yr 4 mos
Education
University of Illinois Chicago School of Law
Doctor of Law (JD)
Chicago, United States
DePaul Driehaus College of Business
MS in Real Estate Finance
Chicago, United States
Tulane University
BS in Psychology
New Orleans, United States

FAQ

What is RREEF Property Trust Fund?RREEF Property Trust Fund is an evergreen Non-Traded REIT fund focused on Real Estate and managed by DWS Group.
Who manages RREEF Property Trust Fund?RREEF Property Trust Fund is managed by DWS Group, based in New York, United States.
How big is RREEF Property Trust Fund?RREEF Property Trust Fund has a size of $222.5M.
What type of fund is RREEF Property Trust Fund?RREEF Property Trust Fund is an open-ended / evergreen Non-Traded REIT fund investing in real estate domiciled in United States.
When was RREEF Property Trust Fund launched?RREEF Property Trust Fund was launched on Feb 7, 2012 and is structured as an Non-Traded REIT vehicle with no fixed termination date.
Where is RREEF Property Trust Fund domiciled and regulated?RREEF Property Trust Fund is domiciled in United States under Non-Traded REIT.

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ZRPT | RREEF Property Trust Fund - Analysis