As of December 16, 2022, RREEF Property Trust had received share redemption requests during the quarter ending December 31, 2022 in excess of the limit of 5% of the REIT’s combined NAV as of September 30, 2022. Pursuant to the terms of the share redemption plan, all redemption requests received during the quarter prior to December 16, 2022 were satisfied 100% on a first-come, first-served basis. Redemption requests received on December 16, 2022 were satisfied on a pro rata basis without regard to share class such that aggregate redemptions during the quarter ending December 31, 2022 did not exceed the limit of 5% of the REIT’s combined NAV as of September 30, 2022.
As a result of reaching the quarterly redemption volume limitation under the REIT’s share redemption plan, the REIT will no longer accept additional redemption requests until January 1, 2023. All unsatisfied redemption requests received during the quarter ending Mar. 31, 2023 must be resubmitted on or after Apr. 1, 2023, to be accepted.
(This news/press release has not been altered by investment.net, apart from the headline, and has been obtained from a syndicated source:- https://bluevaultpartners.com/news/rreef-property-trust-reaches-redemptions-limit-in-q4-2022/ )