# Rreef America

Rreef America is a Bank / Wealth / Trust based in Chicago, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** dws.com
- **LinkedIn:** https://www.linkedin.com/company/rreef

## Regulatory record

- **CRD number:** 109596
- **SEC file number:** 801-55209
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-04-21T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/109596

## About

Rreef America was established in 1998 in Chicago as a subsidiary of Deutsche Bank's asset management division, now branded DWS. The firm functions as a specialized real-asset platform within a global banking group, focusing on direct real estate and infrastructure investments for institutional clients. Strategy centers on US commercial real estate and infrastructure equity, executed through commingled funds, separate accounts, and joint ventures. The vehicle lineup includes core, value-add, and opportunistic strategies across office, industrial, retail, multifamily, and infrastructure. Geographic coverage concentrates on major US metropolitan areas, with no disclosed international investable remit from the Chicago hub. Team size and total deployment are not publicly disclosed by DWS. Rreef America does not maintain a standalone web presence, investor relations operation, or separate regulatory filings, reinforcing its role as an integrated component of the parent group rather than an independently marketed boutique. Structural differentiation is rooted in its captive institutional capital base — a bank-affiliated asset manager deploying balance-sheet and third-party capital through a real-asset specialist subsidiary, a model that provides internal origination pipelines and patient funding distinct from private fund GPs reliant on external fundraising cycles.

## Questions

### What asset classes does Rreef America manage?

The firm focuses on direct US commercial real estate — including office, industrial, retail, and multifamily properties — as well as infrastructure equity. Strategies span core, value-add, and opportunistic mandates, executed through commingled funds, separate accounts, and joint ventures.

### Does Rreef America disclose its assets under management or deployment figures?

No. DWS Group reports aggregate AUM across all divisions, but does not break out Rreef America's individual contribution. No standalone AUM, deployment total, or team headcount is publicly available for the subsidiary.

### Who leads Rreef America's investment decisions?

Named principals and investment committee composition for Rreef America are not publicly disclosed. The firm operates under DWS's broader governance and does not maintain a separate leadership roster or investment team page.

### What is Rreef America's geographic investment focus?

The platform concentrates on US commercial real estate and infrastructure, with a focus on major metropolitan areas. There is no indication of direct international investment activity originating from the Chicago-based subsidiary.

## Related profiles

- [RR2 Capital](https://altss.com/profile/rr2-capital)
- [RRE Ventures](https://altss.com/profile/rre-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

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