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☑ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 Form 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-55598 RREEF Property Trust , Inc. Maryland ( Exact name of registrant as specified in its charter ) ( State or other jurisdiction of incorporation or organization ) 875 Third Avenue , 26th Floor , New York , NY 10022 ( Address of principal executive offices ; zip code ) Class A Common Stock , $ .01 par value 45-4478978 ( I.R.S. Employer Identification Number ) ( 212 ) 454-4500 ( Registrant's telephone number , including area code ) Securities registered pursuant to section 12 ( b ) of the Act None Securities registered pursuant to section 12 ( g ) of the Act Class I Common Stock , $ .01 par value Class N Common Stock , $ .01 par value Class S Common Stock , $ .01 par value Class T Common Stock , $ .01 par value Class D Common Stock , $ .01 par value Class M - I Common Stock , $ .01 par value Class T2 Common Stock , $ .01 par value Indicate by check if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes o No x Indicate by check if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes o No x Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the Registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes x No o Indicate by check mark whether the registrant has submitted electronically every Interactive Date File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit all such files ) . Yes x Noo Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or an emerging growth company . See definitions of “ large accelerated filer , ” “ accelerated filer , ” “ smaller reporting company ” and “ emerging growth company " in Rule 12b - 2 of the Exchange Act . ( Check one ) : Large accelerated filer Non - accelerated filer X Accelerated filer Smaller reporting company Emerging growth company ☐ ☑ O If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . O Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes ☐ No x There is no established market for the registrant's shares of common stock ; therefore the aggregate market value of the registrant's common stock held by non - affiliates cannot be determined . As of February 28 , 2021 , the registrant had 3,658,762 shares of Class A common stock , $ .01 par value , outstanding , 10,638,139 shares of Class I common stock , $ .01 par value , outstanding , 954,358 shares of Class T common stock , $ .01 par