*The distributions that we pay are uncertain and not guaranteed. The timing and amount of distributions is determined by our board of directors. We may pay distributions from sources other than cash flow from operations, including but not limited to, the proceeds of this offering, borrowings or the sale of properties or other investments. For the year ended December 31, 2014, we paid distributions of $1,781,840, of which $1,047,236 was reinvested through our distribution reinvestment plan, and all of our distributions were covered from cash flow from operations. During the nine months ended September 30, 2015, we paid distributions of $2,253,771 of which $980,084 was reinvested through our distribution reinvestment plan, $1,223,986 was covered from cash flow from operations and $49,701 was paid from borrowings. Distributions paid from sources other than cash flow from operations may not be sustainable. During each of the periods presented above, while distributions exceeded earnings, our expenses were supported by expense support payments from our advisor, which are subject to repayment in future periods and will reduce cash flows during those future periods. If our advisor had not made the expense support payments, a greater proportion of the distributions would have been funded from offering proceeds or borrowings, as applicable.
The Company has a limited operating history. As a result, an investment in the Company is speculative. In addition, investors will not acquire an interest in the Company's advisor.
NOT AN OFFER TO SELL SECURITIES
This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by a prospectus to individuals who meet minimum suitability requirements. This sales literature must be read in conjunction with a prospectus in order to understand fully all the implications and risks of the offering of securities to which it relates. A copy of the prospectus must be made available to you in connection with the offering described herein. Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of our securities or determined if our prospectus is truthful or complete. Neither the Attorney General of the State of New York nor any other regulatory body has passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense. Information provided by RREEF America. Securities offered through SC Distributors, LLC, dealer manager and member FINRA and SIPC.
FORWARD LOOKING STATEMENTS
This presentation contains forward-looking statements relating to the business and financial outlook of RREEF Property Trust that are based on management's current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward looking statements. You should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this brochure. Forward-looking statements in this brochure speak only as of the date on which such statements were made, and RREEF Property Trust undertakes no obligation to update any such statements that may become untrue because of subsequent events.