DWS Has Announced Liquidation of RREEF Property Trust

The firm will sell its entire real estate portfolio following an extended period of high redemption requests.

Updated on Sept. 18, 2026 in Commercial

Isometric editorial illustration showing an abstract, matte-finished commercial building model as a sculptural form on a neutral surface. — DWS has initiated the liquidation of its RREEF Property Trust, moving to sell off all remaining real estate holdings following sustained investor redemption requests. AI Illustration. Upload story photo >

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DWS has decided to liquidate the RREEF Property Trust after managing the fund through a season of heavy redemption demand. The move requires the sale of all remaining real estate assets held by the trust.

Why it matters

The decision to dissolve the fund reflects the challenges currently facing private real estate investment trusts as they navigate investor liquidity demands. Liquidating the assets allows the firm to address redemption requests while winding down operations.

The RREEF Property Trust held a net asset value of $203 million as of June 30, 2026. Management has now initiated a plan to sell all assets to facilitate a full liquidation.

The players

DWS

DWS is a global asset management firm that provides investment solutions and services to a diverse range of institutional and private clients.

RREEF Property Trust

RREEF Property Trust is a real estate investment vehicle managed by DWS that holds a portfolio of commercial real estate assets.

The details

DWS serves as the manager for the RREEF Property Trust, which is now transitioning into a full wind-down phase. This shift was triggered by sustained pressure from investors seeking to redeem their shares, prompting the decision to divest all portfolio holdings.

The RREEF Property Trust reported a net asset value of $203 million on June 30, 2026.
The liquidation announcement was made on September 18, 2026.

Culture Shift

The liquidation of the RREEF Property Trust follows a broader trend where non-traded REITs face increased redemption pressure due to changing investor liquidity preferences. This shift highlights a departure from the long-term holding strategies that previously defined the sector.

Investors currently holding shares in the trust will be affected by the asset liquidation process and subsequent final payouts. Daily operations for the properties held within the trust remain subject to the ongoing divestment plan overseen by DWS.

The takeaway

The move demonstrates how significant redemption pressure can force even major institutional managers to dissolve long-standing real estate vehicles. Investors should monitor fund communications closely for details on the timeline for final distributions.