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The Development of German Open-Ended Real Estate Funds

The Development of German Open-Ended Real Estate Funds In Germany, open-ended real estate funds have faced the highest cash inflows in their history turning them into a major player on the German market. At the same time, on the regulatory side, the “Fourth Financial Markets Promotion Act” significantly increased the possibilities for German funds to invest internationally. This paper examines the history, construction and characteristics of German open-ended real estate funds. They are compared to other forms of indirect real estate investment and the most important improvements brought about by the Fourth Financial Markets Promotion Act are described. Fund managers in the future will increase the percentage of their portfolios invested abroad, increasing the importance of German open-ended real estate funds. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Real Estate Literature Taylor & Francis

The Development of German Open-Ended Real Estate Funds

Journal of Real Estate Literature , Volume 14 (1): 18 – Jan 1, 2006
18 pages

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References (8)

Publisher
Taylor & Francis
Copyright
© 2006 American Real Estate Society
ISSN
1573-8809
DOI
10.1080/10835547.2006.12090172
Publisher site
See Article on Publisher Site

Abstract

In Germany, open-ended real estate funds have faced the highest cash inflows in their history turning them into a major player on the German market. At the same time, on the regulatory side, the “Fourth Financial Markets Promotion Act” significantly increased the possibilities for German funds to invest internationally. This paper examines the history, construction and characteristics of German open-ended real estate funds. They are compared to other forms of indirect real estate investment and the most important improvements brought about by the Fourth Financial Markets Promotion Act are described. Fund managers in the future will increase the percentage of their portfolios invested abroad, increasing the importance of German open-ended real estate funds.

Journal

Journal of Real Estate LiteratureTaylor & Francis

Published: Jan 1, 2006

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