RREEF Property Trust reported that its NAV per share decreased approximately 1.8 percent for each share class, in an SEC filing dated June 2, 2020. This decrease was primarily a result of declines in the values of RREEF Property Trust’s properties during the month, while the real estate equity securities portfolio was stable. As the phased approach to reopening the economy began to take shape in the cities the firm invests in, valuations factored in an adjustment for slower rent growth over the next 12 months.
“As a result of the coronavirus pandemic and based on available information, the values of most of our properties have been adjusted downward between late March 2020 and May 2020 as determined by our independent valuation advisor or other independent appraisers. These valuation changes were driven by changing property cash flows based on our collections, increased projected credit losses, extended lease
