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DWS's RREEF Property Trust Acquires Urban Grocery-Anchored Shopping Center in Chicago

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DWS Group announced today that RREEF Property Trust, Inc. (NASDAQ:
ZRPTAX; ZRPTIX; ZRPTTX), its publicly registered, daily NAV REIT, has
acquired Elston Plaza, an urban grocery-anchored shopping center in
Chicago. The property is anchored by one of the metro area's leading
grocers, Jewel-Osco, and is strategically located at the confluence of
three of Chicago's busiest thoroughfares: Addison, Elston & Kedzie. The
acquisition further diversifies RREEF Property Trust's private real
estate holdings based on sector, geography and tenant base.

The property, built in 1983, totals 92,806 rentable square feet and is
currently 96% leased to 11 tenants. Jewel-Osco is complemented by a mix
of service, medical, and dining tenants including Chase Bank, Chipotle
Mexican Grill, O'Reilly Auto Parts and ATI Physical Therapy. Located in
the Avondale neighborhood, the shopping center sits east of the I-90/94
Addison entrance and 3 miles west of Chicago's Wrigley Field.

"While e-commerce is growing rapidly, well-located necessity based
brick-and-mortar sales are also expanding. Centers like Elston Plaza
drive consumer traffic by meeting area residents' daily service and
dining needs and have historically been cyclically defensive given the
lease structures and merchandizing mix," said Todd Henderson, Head of
Real Estate, Americas, for DWS. "We believe that grocery-anchored
shopping centers have an important place in a portfolio and view the
acquisition of Elston Plaza as a complementary addition to RREEF
Property Trust's growing portfolio of assets."

To learn more about RREEF Property Trust, please visit: https://www.rreefpropertytrust.com/

For further information please contact:

DWS Group

DWS Group GmbH & Co. KGaA (DWS) is one of the world's leading asset
managers with USD 803bn of assets under management (as of 30 September
2018). Building on more than 60 years of experience and a reputation for
excellence in Germany and across Europe, DWS aims to be recognized by
clients globally as a trusted source for integrated investment
solutions, stability and innovation across a full spectrum of investment
disciplines.

We offer individuals and institutions access to our strong investment
capabilities across all major asset classes and solutions aligned to
growth trends. Our diverse expertise in Active, Passive and Alternatives
asset management – as well as our deep environmental, social and
governance focus – complement each other when creating targeted
solutions for our clients. Our expertise and on-the-ground-knowledge of
our economists, research analysts and investment professionals are
brought together in one consistent global CIO View, which guides our
strategic investment approach.

DWS wants to innovate and shape the future of investing: with
approximately 3,600 employees in offices all over the world, we are
local while being one global team.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of federal securities laws and regulations. These
forward-looking statements are identified by their use of terms and
phrases such as "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "plan," "predict," "project,"
"should," "will" and other similar terms and phrases, including
references to assumptions and forecasts of future results.
Forward-looking statements are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors that
may cause the actual results to differ materially from those anticipated
at the time the forward-looking statements are made. Although RREEF
Property Trust believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it can
give no assurance that the expectations will be attained or that any
deviation will not be material. RREEF Property Trust undertakes no
obligation to update any forward-looking statement contained herein to
conform the statement to actual results or changes in the company's
expectations.

Nothing contained herein is fiduciary or impartial investment advice
that is individualized or directed to any plan, plan participant, or IRA
owner regarding the advisability of any investment transaction,
including any IRA distribution or rollover.

For informational purposes only, not a recommendation or endorsement of
a specific security.

The brand DWS represents DWS Groups GmbH & Co. KGaA and any of its
subsidiaries such as DWS Distributors, Inc. which offers investment
products or DWS Investment Management Americas Inc. and RREEF Americas
L.L.C. which offer advisory services.

All investments involve risk, including the potential loss of principal.

© 2019 DWS Group GmbH & Co. KGaA. All rights reserved. 063418_1.0_

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