RREEF Property Trust (RREEF) Proxy filing summary

Executive summary

• Board unanimously approved a complete liquidation and dissolution plan on September 15, 2026, subject to stockholder approval, after a strategic review.

• Estimated liquidating distributions are $10.10–$12.50 per share, after estimated costs and subject to liabilities, reserves, market conditions and Board discretion.

• Asset sales are targeted for completion within 24 months after approval; sale marketing had not begun as of November 9, 2026.

Voting matters and shareholder proposals

• Special meeting scheduled for January 20, 2027; proposals seek approval of the liquidation plan and authority to adjourn to solicit additional proxies.

• Liquidation approval requires a majority of eligible Voting Common Shares; abstentions and unvoted shares count against it. Adjournment requires a majority of votes cast.

• Board unanimously recommends voting FOR both proposals; approval of the liquidation plan also approves asset dispositions without a further stockholder vote.

Board of directors and corporate governance

• Strategic review considered continued operations, capital infusions, liquidation and other alternatives; JLLS contacted 64 parties, 18 joined initial diligence calls and six received data-room access.

• No party that completed initial due diligence indicated interest in a transaction at a premium to NAV; the Board concluded orderly liquidation was most likely to maximize stockholder value.

• JLLS opined that the estimated distribution range was reasonable from a financial point of view; its opinion did not assess the liquidation decision or alternatives.

• Before filing Articles of Dissolution, the Board may amend or terminate the plan without further stockholder approval if it determines that action is in stockholders’ best interests.