RREEF Property Trust, Inc.: debt financing — RREEF Property Trust closes $25.5M non-recourse loan at 5.51% and sells medical office for $41.9M

On June 26, 2023 (the "Closing Date"), RPT Flats at Carrs Hill, LLC ("RPT Flats at Carrs Hill"), a Delaware limited liability company and an indirect wholly-owned subsidiary of RREEF Property Trust, Inc. (the “Company”), as borrower, entered into a loan agreement (the "Agreement"), providing for a $25.5 million, non-recourse loan (the "Loan") from Nationwide Life Insurance Company ("Nationwide"), which is not affiliated with the Company or any of its affiliates. The Loan is secured by RPT Flats at Carrs Hill, which owns the residential property, The Flats at Carrs Hill. The interest rate for the Loan is fixed at 5.51% with interest-only payments for the entire seven year term. The maturity date of the Loan is July 1, 2030 with no extension options.

Also, in connection with the Loan, RPT Flats at Carrs Hill executed an environmental indemnity agreement (the "Indemnity") to and for the benefit of Nationwide, which provides for certain indemnifications if the use of the property owned by RPT Flats at Carrs Hill is not in material compliance with current Environmental Laws (as defined in the Indemnity).