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SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
RREEF PROPERTY TRUST, INC.
SCHEDULE III
Real Estate and Accumulated Depreciation
December 31, 2022
(in thousands)
Initial cost (A)Gross Amount at Which Carried at December 31, 2022 (B)
Property NameEncumbranceLandBuildings & Improvements (F)Capitalized Cost Subsequent to AcquisitionLand, Buildings & Improvements Total (C)Accumulated Depreciation and Amortization (D)Date ConstructedDate AcquiredDepreciable Lives
9022 Heritage Parkway, Woodridge, IL, Office(E)$6,603 $2,311 $10,989 $— $13,300 $(6,012)20025/31/2013
5 - 40
Wallingford Plaza, Seattle, WA, Mixed-Use (Office over Retail)(I)6,733 3,713 9,015 282 13,010 (2,863)191612/18/2013
5 - 40
Commerce Corner, Logan Township, NJ, Industrial(G)11,933 3,397 16,353 1,772 21,522 (5,191)19984/11/2014
5 - 40
Anaheim Hills Office Plaza, Anaheim, CA, Office(E)9,919 6,520 11,980 3,577 22,077 (7,187)20087/2/2014
5 - 40
Shops at Terra Nova Plaza, Chula Vista, CA, Retail(E)12,368 10,628 11,222 — 21,850 (2,815)198610/2/2014
5 - 40
The Flats at Carrs Hill, Athens, GA, University of GA Student Housing(H)14,500 3,144 23,856 1,066 28,066 (9,378)20139/30/2015
5 - 27.5
Loudoun Gateway I, Sterling, VA, Office(E)10,775 2,042 19,908 — 21,950 (12,587)199812/21/2015
5 - 40
40 Allied Drive, Dedham, MA, Medical Office(E)21,822 5,484 28,516 101 34,101 (7,703)20139/27/2016
5 - 40
Palmetto Lakes, Miami Lakes, FL, Industrial(E)14,649 6,054 7,006 543 13,603 (3,639)19747/17/2018
5 - 40
Hialeah I, Miami, FL, Industrial(E)4,671 1,642 2,749 150 4,541 (1,006)19627/17/2018
5 - 40
Hialeah II, Miami, FL, Industrial(E)3,993 1,725 1,666 633 4,024 (907)19617/17/2018
5 - 40
Elston Plaza, Chicago, IL, Retail(J)17,149 17,767 11,028 27 28,822 (2,945)198312/31/2018
5 - 40
Providence Square, Marietta, GA, Retail(K)29,700 9,742 45,319 357 55,417 (8,337)19909/16/2019
5 - 40
Seattle East Industrial, Redmond, WA, Industrial(L)45,140 50,691 30,947 — 81,639 (3,752)201312/17/2019
5 - 40
The Glenn, Centennial, CO, Residential(M)66,000 10,309 118,330 301 128,940 (8,847)201811/19/2021
5 - 27.5
Total Investments in Real Estate$275,955 $135,169 $348,884 $8,809 $492,862 $(83,169)

(A) The initial cost to the Company represents the original purchase price of the property.
(B) The aggregate cost of real estate owned at December 31, 2022 for federal income tax purposes was approximately $583,106 (unaudited).
(C)Reconciliation of real estate owned for the years ended December 31:202220212020
Balance at January 1$490,526 $360,417 $358,982 
Acquisitions— 128,639 — 
Additions2,336 1,470 1,435 
Balance at December 31$492,862 $490,526 $360,417 
(D)Reconciliation of accumulated depreciation and amortization for the years ended December 31:202220212020
Balance at January 1$65,769 $53,604 $41,839 
Depreciation and amortization expense17,400 12,165 11,765 
Balance at December 31$83,169 $65,769 $53,604 

(E)          Encumbrance of $84,800 is from the line of credit that is secured by the properties listed above.
(F)          Includes gross intangible lease assets of $66,987 and gross intangible lease liabilities of $18,565.
(G)         Commerce Corner has an encumbrance of $11,933 from Talcott Resolution Life Insurance Company.
(H)         Flats at Carrs Hill has an encumbrance of $14,500 from Nationwide Life Insurance Company.
(I)          Wallingford Plaza has an encumbrance of 6,733 from Transamerica Life Insurance Company.
(J)          Elston Plaza has an encumbrance of 17,149 from State Farm Life Insurance Company.
(K)         Providence Square has an encumbrance of $29,700 from Nationwide Life Insurance Company.
(L)         Seattle East Industrial has an encumbrance of $45,140 from JPMorgan Chase Bank.
(M)     The Glenn has an encumbrance of $66,000 from Massachusetts Mutual Life Insurance Company.