secwatch.observer — SEC 8-K summary
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Issuer:     RREEF Property Trust, Inc. (—)
CIK:        0001542447
Form:       8-K
Filed at:   2023-12-28T23:59:59+00:00
Accession:  0001542447-23-000140
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RREEF Property Trust expands credit facility to $120M, adds CIBC, extends maturity to Dec 2025
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- Third Amendment increased max commitment from $100M to $120M, split into $75.6M revolving and $44.4M construction.
- CIBC Inc. added as lender with 29.17% allocation; interest rate SOFR + 225 bps.
- Maturity extended from Feb 2025 to Dec 27, 2025; minimum debt yield reduced to 9.5% after new appraisals.
- Declared distributions for eight share classes ranging $0.06266 to $0.07496 per share, payable Dec 29, 2023.
- Commerce Corner expansion (~$29M, 141k sq ft) will be funded from construction commitment; PFG 15-year lease.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1542447/000154244723000140/0001542447-23-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1542447/000154244723000140/rpt-20231227.htm
  HTML page:      https://secwatch.observer/filing/0001542447-23-000140

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