---
schema_version: "secwatch.filing_event.v1"
accession: "0001542447-23-000071"
form_type: "8-K"
ticker: null
cik: "0001542447"
company_name: "RREEF Property Trust, Inc."
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T13:56:02.916775+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RREEF Property Trust closes $25.5M non-recourse loan at 5.51% and sells medical office for $41.9M

## Summary
- New $25.5M non-recourse loan from Nationwide Life Insurance at 5.51% fixed, interest-only for 7-year term maturing July 1, 2030.
- Proceeds used to fully prepay existing $14.5M mortgage and reduce Wells Fargo line of credit balance.
- Sold 64,217 SF Class A medical office in Dedham, MA for $41.9M; originally purchased in Sep 2016 for $34.0M.
- Sale proceeds used to pay down company's line of credit with Wells Fargo Bank.
- Declared distributions for eight classes of common stock at $0.07497 gross per share, payable June 30, 2023.

## SEC filing metadata
- accession: 0001542447-23-000071
- form_type: 8-K
- cik: 0001542447
- company_name: RREEF Property Trust, Inc.
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1542447/000154244723000071/0001542447-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1542447/000154244723000071/rpt-20230626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001542447-23-000071
- JSON: https://secwatch.observer/filing/0001542447-23-000071.json
- Plain text: https://secwatch.observer/filing/0001542447-23-000071.txt

## Key facts
- Debt Financings
  RREEF Property Trust, Inc. incurred loan of $25.5 million with Nationwide Life Insurance Company at 5.51% maturing July 1, 2030.
  - Instrument: loan
  - Principal: $25.5 million
  - Counterparty: Nationwide Life Insurance Company
  - Rate: 5.51%
  - Maturity: July 1, 2030
  - Event: incurrence
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1542447/000154244723000071/0001542447-23-000071-index.htm
- Debt Financings
  RREEF Property Trust, Inc. entered an off-balance-sheet arrangement for guarantee with Nationwide Life Insurance Company.
  - Instrument: guarantee
  - Counterparty: Nationwide Life Insurance Company
  - Event: off balance sheet
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1542447/000154244723000071/0001542447-23-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.