Investment companies are increasingly moving frombeing providers of standardised real estate products to becoming providers of innovative solutions for institutional investors. The range of products available to insurance companies, pension funds and other corporate institutions has therefore become considerably broader.

The product range includes both individual special funds and pool funds for several investors. Funds are individually tailored to meet the target returns and yieldrisk profile of investors and are launched in accordance with these guidelines. Transfer funds have emerged as a special issue because, under certain circumstances, an investment-in-kind in real estate that is real estate transfer tax neutral is possible. In a pool (or commingled) fund, several investors with similar interests will participate in a joint fund product. In this way, an individual can participate in the wide distribution of a
real estate portfolio even with a relatively low investment sum.

Investors also decide

Investors are able to participate in investment decisions via special fund investment committee meetings. In this way they may actively contribute their own ideas to the management of the portfolio / fund. Working with external asset managers has also become increasingly common. Service investment companies offer a building block system of services from which the asset manager can choose. In addition to fund administration, services such as real estate and capital market research, portfolio analysis and management or real estate acquisition may be added. Regardless of which approach is chosen, continuous dialogue between the investor and fund provider is of paramount importance. Optimal fund structuring, professional support and client-oriented reporting are the key drivers of this relationship.