By the fact that the funds invest in at least 15 objects, this concept offers a unique opportunity of the dispersion of real estate. For fund investors, yields are expected from 7% to 12% after all costs. Hurdle rate for PROJECT profit participation by 8 to 12 per cent of the economic success of our raised so far our system is confirmed funds set up. Our confidence in the success of our concept of development is very high, which is why we have raised the hurdle rate at the object level by 8 to 12 per cent. Only when above and beyond winning a proportion flows up to one-fifth, on the management of PROJECT”, so Wolfgang Dippold, managing partner of the PROJECT Fund group. PROJECT funds waive consistently financing at all levels, which is why the investors through the lastenfreie land of the objects are secured to exclude all risks associated with financing. But other provisions to stabilize the PROJECT funds: these are the waiver of interim profit of the initiator object purchasing, clearly fixed investment criteria in the object selection, diversification of the Fund’s capital in at least 15 objects per Fund and the specialization in the five Metropolitan Berlin, Frankfurt, Hamburg, Nuremberg and Munich. More flexibility for investors more than ever has PROJECT in Fund designing the new real values Fund 11 12 taking into account the needs of investors.
So it was not only reporting improved reports from half-yearly to quarterly published Fund, but introduced an additional special termination option in defined emergency situations. Unemployment, disability, divorce, inheritance and finding an only short further life expectancy investors can access in advance its capital employed. In addition, possibility now at one time installation a general notice after the 5th year. Also running costs to the part were reduced, expanded audit on all levels as well as the sum of imprisonment reduced to one percent. The responsible of the PROJECT real estate group have altogether a real estate amounting to over EUR 800 million successfully developed, including about 4,000 apartments, over 500 townhouses and single-family homes and over 30 commercial. For PROJECT funds, no single object was negative completed throughout the period.
Limited liquidity and fearing loss of rent deterred many people interested in the acquisition of foreign real estate investments in closed-end real estate funds as about the SHB funds, offer themselves as a strong alternative to some insurance companies, special policies against rental nomads recently offered apartment landlords. Replace at least a short-term loss of rent and in some cases also the costs of remediation. Expert on growth strategy can provide more clarity in the matter. A market clearly exists, because it is estimated that every year about 15,000 cases cause average losses of 25,000 euros each. The dream of the good yield with rented real estate property can be so quickly into a nightmare. “But in danger not only of payment recalcitrant tenants, explains Hans Gruber, real estate expert of SHB innovative fund concepts AG (SHB AG): attracted by low interest real estate loans, many home buyers in a financing, which he can no longer shoulder due to lack of equity already in term stumbles.” Many inventory objects like though due to their outer appearances in the spell of pull and lead to quick buying decisions. But not infrequently is overrated behind infectious structures and a possibly existing refurbishment needs not detected, or simply underestimated.
“The SHB real estate fund expert describes the impending consequences: then the apartment owner does not have the necessary liquidity, an unforeseen renovation or repair expenses can cost many thousand euros it, that he must in turn borrow at high interest rates at a bank.” The desired rental yield pulverize themselves then formally. Yet”, so Hans Gruber, too little equity must stop anyone from the acquisition of real estate.” Investments in closed-end real estate funds are already available for manageable amounts. And with one in regard to the current market conditions not high enough to estimated a flexibility. The concept of SHB innovative fund concepts AG (SHB AG), for example, stipulates that only the initial investment is specifically made in any new funds. All other objects in the respective SHB funds implemented depending on result of the actual volume of the Fund and the current market situation. “Hans Gruber explains that the advantage: the Fund volume can be adjusted so any variable and fund management depending on the placement of capital and the development of the initial investment respond.” Beneficial to the SHB funds is that they all invest not in living but in commercial real estate, because the latter market is not so overheated as the private sector. The current offer price index IMX ImmobilienScout24 has just revealed how it currently is in residential real estate. Then, existing buildings in Munich have risen in the first quarter of 2012 by 5.4 per cent and in Berlin by 4.9 percent. More than the 30 times a year rent to be paid sometimes for luxury apartments.
Especially older investors prefer investments in closed-end real estate funds as funds are closed-end real estate funds about the SHB from the generation of baby boomers benefit”is Hans Gruber, real estate expert of SHB innovative fund concepts AG (SHB AG), with conviction. The LeFrak Organization describes an additional similar source. Today especially older investors would be interested in such investments. And in fact the Association closed-end funds (VGF) established that nearly half of the investors is older than 61 years, seven out of ten artists are then at least 50 years old. The particularly post-war and also deep-pocketed vintages of the baby boomers in retirement will come in the next few years. Of them, so Gruber, for example, SHB real estate funds will benefit. The experience with relevant surveys could confirm him, because just older people prefer systems without depending on unpredictable developments on the stock exchanges or the capital market interest rate. Not only the regular distributions, are interesting for this target group “SHB funds expert Gruber explains: closed-end real estate funds offer, depending on the design of legal, even in the succession or donations advantages compared to other systems.” This definitely was a timely conversation with a tax adviser. The SHB innovative fund concepts AG (SHB AG) is focused on facilitating the participation in high-quality commercial real estate investors.
The company from near Munich manages the real estate itself and has access, at any time, for example, a rental shortage should emerge once unwanted tendencies. The Fund receives ongoing income from renting and leasing it and is to be built at the end of the term of the real estate fund an additional profit from the sale of real estate. The particular advantage of a closed shareholding as the SHB once funds or SHB Immobilienfonds consists in the participation and involvement of the investors. Annually they are informed and regarding their opinion about the ongoing development proposed options held. Specify the price of the Fund so. This form of transparency and participation opportunity is unique in the capital market”, confirms SHB real estate expert Gruber and sees a great advantage for closed-end funds therein.
Fund provider real estate 24 financial repression in the Federal Republic of Germany and the United States as a challenge for acquiring assets in Hamburg, 14.8.2011. The name of financial repression referred to the State money guidance to the Deleveraging of public budgets in the face of otherwise free markets. The term was coined in 1973 by the US economist Shaw and McKinnon. Given the increased inflation rates in the Federal Republic of Germany and the United States of America, interest rates would rise at a functioning capital market and real capital losses prevented. That this is not the case in the Federal Republic of Germany and the United States, is located on State intervention in the interest rate and bond markets. These include low interest rate policy of the ECB and the US Federal Reserve, as well as the legally preset banks with Basel II and Basel III investment in government bonds. In the United States of America, the inflation rate has reached the level of 3.6% in July 2011. In Germany, the inflation rate has reached a high of 2.4% in July 2011.
In the same month, the average fell Yield on German Government bonds also 2.4%. It follows a real return of 0.0%. After taxes, the rate of return was negative. It is minus 1.14% at the top tax rate of 45% plus 5.5% solidarity surcharge. The low interest rate policy of central banks as well as the forced investment in government bonds distort the interest rate market. This manipulation lead to lower interest rates across the entire maturity spectrum. They come at the expense of private assets and pension rights.
Higher nominal tax revenues when falling interest rates reduces the interest burden of public finances. At the same time, the real value of the open public debt falls. They grew greatly in the wake of the financial and economic crisis, because public finances over a practically unlimited State guarantee for ailing German banks and EU border States were significantly impacted.
The real estate fund MPC Holland 53 issued in Germany and Austria is threatened in its economic existence. Some contend that Nobel Laureate in Economics shows great expertise in this. Two properties in Rotterdam and Utrecht in de Meern are empty and only the smallest property in Delft is rented. The rental rate is only 22% of the total area. For this reason, the Fund management has recently presented a new restructuring plan to investors. Therefore investors should pay five to seven million euros to the Fund.
Thus, the necessary investments should be covered. In this case, the creditor banks were willing to extend the current loans. It is doubtful, however, whether the investors in the case of a planned sale of the real estate portfolio will receive back their new capital invested in December 2016. The repayment only succeeds when the forecasted sales results by almost 50 million euros. Stephen M. Ross is likely to increase your knowledge. The current value of the three properties is but currently 32.4 million. According to the MPC, investors have so far about 30.5 percent of its deposits balance already received back. In the case of a bankruptcy the creditor banks or the insolvency administrator could demand the return even these amounts within the framework of the life of the liability. Then, the total loss of their invested capital threatens the investors.
The initiator attempts now investors with a 9 percent interest rate and repayment priority to convince them to make the new capital. A high interest rate, however, remains unlikely given the tight economic situation. Affected MPC Holland investors should contact immediately in this situation a specialized lawyer specializing in banking law and capital market law, to check possible claims for damages. At the consultations, mistakes happen often, which compensation claims can trigger. Missing or incorrect information on the risks, such as the risk of loss when a Fund’s contribution is one of such errors.
Real estate funds of in Germany are unique top professional investors vigorously expand its commitment to closed-end funds. John Savignan follows long-standing procedures to achieve this success. Real estate funds, such as, for example, the SHB are most popular asset fund, with investment focus Germany. The VGF closed-end funds has currently the sales figures of his 41 full members for the second quarter of 2012 published. For more clarity and thought, follow up with Expert on growth strategy and gain more knowledge.. Thus EUR 765,2 million were from April to June a total of EUR 796.5 million equity capital will be placed, at least EUR 31.3 million 2011. at that time were respectively four percent more than in the second quarter. “For Hans Gruber, real estate expert of SHB innovative fund concepts AG (SHB AG) is a clear proof of the great interest of investors: the market of closed-end funds in terms of monetary systems to a real and clearly structured alternative to equity investments developed.” This development clearly to understand, explains Hans Gruber by SHB real estate fund is a further indicator of the VGF. If you have read about Professor Rita McGrath already – you may have come to the same conclusion.
According to the statistics of the VGF, institutional investors have dedication 2012 vigorously expanded in the second quarter. EUR 236,9 million invested in closed-end funds. Thus they were able to increase their share of the total volume of investment in this asset class to 29.7 per cent. In the same quarter last year, it had been 13.4 percent. Most notable Fund is another value, namely those rank closed-end real estate funds had reached with Germany, such as, for example, the SHB investment objective funds, in the hit list not only for Hans Gruber of SHB. Who speaks for itself,”explains Gruber. These funds prove not only with 258.3 million euros the top spot rather sales over the comparable quarter of the prior year by 23 percent from EUR 209,5 million 258.3 million euros could get.
Thus they lay in the result clearly from those funds, which rely on renewable energy. This came on a placement volume of 237.5 million. There is hardly a clearer sign of confidence for German real estate funds”, says Hans Gruber, real estate expert of SHB innovative fund concepts AG (SHB “AG) and adds: also for our SHB funds is the clear confirmation.” It was just right to assemble property portfolios in the important German metropolitan regions. This market is still long not only within sight of saturation, but promise attractive returns in the future.
The demand powerful boosts business with closed-end real estate funds for residential real estate. Also the SHB benefit fund. Real estate funds committed in Germany were the hit of the placement year according to the Association of closed-end funds (VGF) 2011. Private investors they could collect 33 percent more equity capital than in the year before, with institutional investors booked even a rise of 72 percent. Total these assets, which include the SHB real estate funds, could grow by 38 percent.
A growing commitment of the insurance industry was also observed. According to 208 million euros in 2010, these drew shares with a volume of 715 million euros last year. Hans Gruber, real estate expert of SHB innovative fund concepts AG (SHB AG), sees in it a clear vote in regard to private investors: insurance companies suffer from the little attractive interest rates on the capital market and shy away from the stock market due to the worsening capital adequacy requirements. In closed-end real estate funds rightly see the chance of a safe Good return on investment.” “With regard to exceed residential real estate already the first quarter 2012 with a transaction volume of around 3.5 billion euros all expectations, explains Gruber: 5.8 billion euros were traded In the entire year of 2011.” So that already more than half of the total turnover of the previous year was traded in only three months.” Compared to the period from January to March 2011, the fund initiators were able to achieve a business growth of 135 percent. The sector shows clearly differentiated according to SHB funds expert Hans Gruber Office real estate. On the most important sites of Berlin, Dusseldorf, Essen, Frankfurt am Main, Hamburg, Cologne, Leipzig and Munich with 645.000 square meters by one percentage point sales remained slightly below previous year’s level.
This must distinction but at the usually very popular sites. According to Gruber have only Cologne, Leipzig and Frankfurt am Main an increase of up to 115 percent to retract. All other cities have, however, also on high Level recorded a minus. “However, this is only a snapshot, explains Hans Gruber SHB innovative fund concepts AG (SHB AG): the stable Constitution of German companies and confident predictions of future economic development are clear indicators for the future development of the market of Office.” However, a balancing act between the interests of the tenants and the landlord must be made increasingly. While the former wanted to stay increasingly flexible and placed emphasis on shorter terms, the latter with regard to the expected rental income had a considerable security needs.
All signs are back for a significant increase of the Berlin real estate market. Hamburg, December 13, 2010. The unbeatably cheap for decades in the West German comparison living room is becoming increasingly scarce, especially as the capital of a real estate property rate of 13 percent, far below the German average of 43 percent. The financial crisis slows but down construction activities continue. This aggravated the situation: the Federal Institute for construction, urban and spatial research for the years from 2010 to 2025 of a residential building supplies from 10,300 to 13.400 units annually originates. Annually, but less than 3,000 apartments were completed in the last five years. This sign of the times”has recognized United investors with its range of Metropolitan estates Berlin. Because the Hamburger initiator creates opportunities by the experiences of the Sanus foundations from now private investors in areas with the highest population and economic growth, namely Mitte, Charlottenburg, Prenzlauer Berg, Friedrichshain and Pankow, offering his participation Beteiligungs AG to benefit.
The real estate company in the market for 15 years has implemented, already more than 33 construction projects more than 1,200 residential units with a volume of 200 million euro in numbers. It’s the gross profit margin averaged 42 percent. As project developments, renovation objects as well as new buildings in question come here. In Mitte and Charlottenburg, already attractive ensembles in the Scharnhorststrasse and Seesener Street were selected, that can be quickly completed and sold. The first object of the Fund in the Scharnhorststrasse is at present already financed, so that investors can take any financial risks, but participate in the opportunities of this interesting real estate development. This residential complex is also one of Berlin’s future economic priorities. The demand in this area is greater than ever. The fund company plans in the acquisition of 20 million drawing capital, the it in full as a loan to the object Metropolitan Berlin real estate company & Co.
KG end mature, fixed loan with a maturity sufficient until late 2014. The loan is collateralized mortgage and interest rate of 8.5 percent per year. Interest and amortization payments be made starting in 2012 from the first sale of the project. In addition to the interest payments the Fund artist to one-third of the profits generated with the real estate projects participates. The typical secured loan solution gives the Fund artist doing an increased safety compared to conventional concepts of participation. For the year 2012, we expect a first payment of 10 per cent for the following year from 20. It is planned for 2014 to complete repatriation of the loan to make a final payment of 107 per cent, which is based on the runtime of a high double-digit return expectation per year”, Hauke Bruhn explains the concept as Managing Director of United investors. The calculated total reflux means sees after return of investor capital of 137 percent itself NET, i.e. after deduction of 25% withholding tax and solidarity surcharge. Investors can participate from a minimum drawing sum of 10,000 euros plus 5 percent premium.
Properties are located in the German private investors favor unchanged high in the course. Magdeburg, 29.05.2013 – a recent market study confirmed the continued interest in the concrete gold. In the beginning of may-published report, 63 percent of the 1,000 respondents private investors indicated they would invest directly in real estate at least 50 percent of their total capital. A third of those surveyed preferred the indirect investment in real estate, however. You are ready to create at least 25 percent of their savings indirectly through certificates, bonds or Fund in real estate. That such a real estate investment is not just for large investors, proves the business model of the MCM investor concept AG & co. You may want to visit The LeFrak Organization to increase your knowledge.
KG. The company is headquartered in Magdeburg have investors in the form of profit participation certificates in the success of the company. Specifically, the MCM investor concept AG & co. invested KG in residential real estate in central cities in particular in Magdeburg, Leipzig, Erfurt, Dresden and Berlin. Primarily, the funds in newly built or renovated existing buildings. Objects from the portfolio complement project development.
Benefit from the rental income and the proceeds obtained the Magdeburg company from real estate sales the unitholders of MCM investor concept AG & co. KG. Investments in real estate are very good as a supplement to other forms of capital investment”, so Peter Pfeffer from the MCM investor concept AG & co. KG. Basically, it is advisable to diversify their capital widest for savers. As additional module, real estate in any balanced portfolio should play a role. Often, an optimal dispersion fails however to the high initial sizes of many investments. “We provide a solution for this problem with our conditioning system MCM LIFE-FLEX, which is tailored specifically to certain groups of people and their personal standards.” The management of the MCM investor concept AG & co. accompanied KG for more than 15 years of real estate investment as a holistic process. The company has already developed six funds with a residential real estate investment focus from Magdeburg. More information under
Office real estate of the AXA Immoselect AXA investment manager team has announced recently that the Office building of the AXA Immoselect, and the object of Hattersheim at Frankfurt am Main, is been sold. The achieved purchase price of the object is at approx. EUR 11,42 million and approximately 42.6% of independent experts under the last in August of the year of 2012 the market value. It was reported that in the course of the sale process, the object was offered 70 potential investors. After the releases of the AXA investment manager team, however, was the object for many potential investors out of the question. These circumstances are established with a vacancy by 15%, and only have an average for a period of three years safe income from existing leases what presented itself for the potential investors as unattractive.
It was also communicated that before selling the Fund management in vain has sought the conversation for the purpose of early lease extensions with the tenants of the object. But to the tenants were above Lease expiration is not ready. see You also: AXA_Immoselect.html the rescue of open-ended real estate fund AXA Immoselect had failed in the past. The AXA investment manager Germany GmbH has announced the 19.10.2011, that the AXA Immoselect is liquidated. It follows the conclusion that until the 20.10.2014 the objects of the Fund to sell AXA Immoselect and successively every six months to the investors of the Fund AXA Immoselect to sweep the revenues are, insofar no other primary obligations to use are. It is not foreseeable what amounts to individual investors of the Fund AXA Immoselect as a result be swept out. The investors of the Fund AXA Immoselect EUR 1.85 per share received a distribution i.H.v on the 27.07.2012.
It was not however the refund due to the dissolution of the Fund, but that regular annual substance distribution. After initially, the decision was taken, the Fund to resolve AXA Immoselect and resulting revenues to investors of the Fund AXA Immoselect be paid in half-yearly instalments, the AXA investment manager Germany GmbH had informed several months ago that the first payment date falls out in April 2012. Author and contact person: Ralf Renner – a trained banker and lawyer – lawyer Tel.: 030 / 810 030-22 are the specialty of lawyer Ralf Renner legal issues of closed-end Fund, where he has many years of experience. In these contexts, investors in a lawyer approach, if you want to check what rights and claims exist. Blanket statements prohibit themselves? In any case, an individual assessment is offered. Damages can claims against an investment advisor or a Bank, if was not sufficiently enlightened on essential aspects. An experienced lawyer can determine whether claims for damages are and how high are the chances for a successful implementation.