secwatch.observer — SEC 8-K summary
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Issuer:     RREEF Property Trust, Inc. (—)
CIK:        0001542447
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001542447-23-000071
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1542447/000154244723000071/0001542447-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1542447/000154244723000071/rpt-20230626.htm
  HTML page:      https://secwatch.observer/filing/0001542447-23-000071

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