Steve Steppe, a partner with The RREEF Funds, said this year his firm...

Steve Steppe, a partner with The RREEF Funds, said this year his firm will have sold $500 million in properties from partnerships that are expiring or close to expiring. He noted RREEF is allowing its funds to expire, rather than renewing them as some other real estate money managers are. But he noted some clients are redeploying assets from the property sales to other investments with RREEF.