Real Estate Funds
—Real Estate FundsIndependent, efficient, client-centric –our platform for your real estate investments
REAL ESTATE FUNDSREAL ESTATE FUNDS360 COMPETENCEYour investment strategyand our expertise – a winningcombination—A job for real estate specialistsUniversal-Investment is one of the most experienced and successfulinvestment management companies in the German-speaking region.In 1970, shortly after our foundation as a fund administration platform, we launched the first private label fund in Germany. Today, weare the market leader in this business.AnalysisConsultingStructuringIn 1992 we marked a further milestone with the launch of the firstmaster fund. Since then, we have established ourselves as a pioneerand market leader in the Master KVG area.AdministrationReportingIn 2011, we extended our portfolio of services to include a real estateplatform. This has made us the investment company with the mostcomprehensive range of services in the German-speaking region.With our 360 expertise, we offer administration services for all majorasset classes and investment vehicles from a single source. This uniqueinternational offering makes us a particularly attractive Master KVGfor institutional investors in the real estate segment. Moreover, nationaland international real estate managers who do not wish to establishtheir own investment company (KVG) also benefit from our range ofservices, which enable them to concentrate on their core expertisewhile we take care of the administrative and regulatory tasks.As your strategic partner, we assistyou from the initial idea through to itssuccessful implementation and providecontinuous monitoring of your realestate investments.—Despite the increasing regulatory requirements and a challenging capital market environment, real estate assets are in popular demand asan investment form. But now more than ever, specialists are requiredto keep track of developments and safeguard investors’ interests. Thatis where we come in. More than anything, institutional investorsexpect their partner for real estate investments to provide them with- Customised solutions- High flexibility- Full transparency- Optimised fund performanceTo meet these demands, the general provider concept is beingincreasingly replaced by an operational separation of administrationand asset management, with experts from both fields working handin hand. Concentrating on key competencies is crucial. UniversalInvestment focuses in particular on the customised structuring and thesustainable administration of real estate investments. The real estatemanager, on the other hand, is responsible first and foremost forthe development and the implementation of the investment strategyand its performance.Our 360 service packagefor real estate fundsStrategic adviceFund structuring and consultingGlobal investment managementValue-added services byUniversal-Investment‘s real estateportfolio management experts02—03—
REAL ESTATE FUNDSREAL ESTATE FUNDSOur 360 service packagefor real estate fundsStrategic consultingPortfolio strategy and investment criteriadetermined in collaboration with the investor—Strategic partner in real estate fund administrationand organizationGlobal investment managementand acquisition structuringValue-added servicesby Universal-Investment‘s real estate portfolio management expertsReview of the property investment strategyproposed by the real estate managerRepresentation of investor interests and custodianfunction—Investors‘ choice to pick and/or change their realestate managers—Implementation of external specialists‘ investmentrecommendations—Full coordination and documentation of investmentand fund projects—Implementation of real estate investments for alluse cases and risk classes—Focus on real estate markets in countries withstrong and stable economies worldwide—Access to pan-European investment opportunitiesFund structuring and consultingCustomised solutions for institutional investors andreal estate managers including reporting and riskmanagement—Development and selection of suitable investmentvehicles according to our clients’ requirements—Consideration of regulatory, supervisory andtaxation aspects for all fund concepts andstructures—Design in the form of open-end real estate specialfunds in Germany and various real estate fundvehicles in Luxembourg—Development of real estate special funds for individual investors or as multi-investor funds (funds forseveral institutional investors) or as fund of funds—Active support and legal monitoring oftransactions—Set-up and implementation of real estate-specificholding structure04—Company secretary services including domiciling,compliance, corporate governance, support /monitoring / supervision of external partners suchas auditors / tax consultants and lawyers—Continuous support throughout the entireinvestment period—Currency and liquidity management—Open platform, no conflict of interests—Company financing and monitoring of cash flows05—
REAL ESTATE FUNDSREAL ESTATE FUNDSUNIVERSAL-INVESTMENT REAL ESTATE PLATFORMOur contributionto your success—Investor360 COMPETENCEYour strong partnerfor a flexible future—AdministrationSTRATEGIC ORIENTATIONREAL ESTATE PLATFORMFramework conditions of the special Alternative InvestmentFunds (AIF)Owner under civil law of the real estate of the special AIFCentral contact for investors and asset managersSelection of portfolio managers and asset managersAdministration of the special AIF in accordance with statutoryand supervisory requirements, structuring of the special fundAdvisory and committee functionBeneficial owner of the real estate special AIFRight of final decision with regard to purchase, sale and loanagreementsLiquidity management, examination of investment limits,reportingAppointment of external valuersPreparation of tax declarations and annual financial statementsfor the special AIFIf required, second opinionReal estate manager /investment advisor (external)CustodianREAL ESTATE MANAGEMENTCONTROL FUNCTIONResponsibility for the performance of the special AIFSign-off for real estate transactionsDevelopment/implementation of the investment strategySupervision of the fund price calculationNegotiation of purchase, sale and loan agreementsDue diligence, compliance with statutory and contractualregulationsControl and management obligations vis à vis the property andfacility managers06—Universal-Investment offers investors and real estate managers a broadrange of attractive solutions. To ensure the best possible investmentstructures, real estate investments are structured and designed inaccordance with German or Luxembourg investment law.As we do not actively manage our own funds, we operate withoutconflicts of interest – independently, efficiently and to the higheststandards. Due to our extensive expertise, we are the ideal partnerto support you in the conception of all fund vehicles and investmentstructures.In our experience, investors increasingly employ a best-in-class principle, to separately select asset management and administration providers. Important qualifiers for our clients in this context are performance, efficiency and transparency. Great reasons to choose us as yourpartner for a promising future in the real estate market.07—
Universal-Investment real estate platform – Milestones2010/11—Platform for real estateand alternativeinvestments established—Setup of the divisionReal Estate and PortfolioManagement Real Estate2012/13—14 transactionsapprox. volume* 210m2013/14—75 transactionsapprox. volume* 1.4bn2014/15—2015/16—2016/17—873 transactionsapprox. volume* 12bn966 transactionsapprox. volume* 17.2bn9 real estate special AIFs**launched—First successful transactionsand company foundationsin Asia2 real estate special AIFs**(national and international)launched—Global purchases in NorthAmerica, Canada, UK,Australia and Asia12 real estate special AIFs**launched—5 segments launched in anexisting real estate specialAIF—Total of 15 contractuallylinked real estate managers18 real estate special AIFs**plus 14 real estate segmentslaunched—Total of 21 contractuallylinked real estate managers20 real estate special AIFs**plus 29 real estate segmentslaunched—Total of 31 contractually linkedreal estate managers29 real estate special AIFs**plus 37 real estate segmentslaunched—Total of 34 contractuallylinked real estate managers162 transactionsapprox. volume* 2.6 bn390 transactionsapprox. volume* 5bn2017/18—A S OF: 31 JULY 2018 — * ACCUMUL ATED — ** UNDER GERMAN AND LUXEMBOURG L AWDemand among institutional investors for the real estate assetclass is increasing, and with it the number of properties heldby Universal-Investment on its own Master KVG platform. Ourgrowth has also been spurred on by the fact that the breaking upof the value chain, namely the separation of administration andasset management, offers clear advantages to investors: greatertransparency and flexibility.08—09—
UNIVERSAL-INVESTMENT – MILESTONESOur strengths – your advantagesStable, focused business modelComplete range of services (administration ofsecurities and real estate funds complemented bycomprehensive risk management and additionalservices)—Market leader in the Master KVG and private labelfund business with almost 50 years of experience—Clear positioning as service provider and stablepartnerExperience in IT and interfacemanagementFully integrated internal straight-through-processing(STP)—More than 95% of all security transactions are fullyautomated—Flexible interface management (asset manager,custodian, consultants, DPG etc. in various formats,for example XLS, CSV, ASCII )—Offices in Germany and LuxembourgComprehensive reportingIndependenceNo conflict of interestTransparency through different reporting tools e.g.real estate funds reporting and risk reporting and riskanalysis——Independent and neutral partner, first-choice KVGWeb-based reporting and analysis via online platformPowerPortal—Cooperation with more than 400 asset managersworldwide and with 30 leading custodians nationallyand internationallyClient and service-centric approachTop consulting expertise for customised fund concepts,expertise in structuring and tax/legal competence(e.g. chairmanship of the German Investment FundsAssociation BVI)20182011Top positions regarding Assets under Management(AuM) amongst all licensed AIFM and Third PartyMancos in Luxembourg according to PwC-report „Observatory Management Companies Barometer 2018“:Rank 1 as AIFM ManCoRank 1 as Third Party ManCoLaunch of real estate funds to complement our range ofservices2010Foundation of securitisation firm UniversalSecuritisation Solutions S.A. in Luxembourg20092017Montagu Private Equity acquires shares in UniversalInvestment that are owned by shareholders Berenbergand Bankhaus Lampe. Montagu PE continues to focuson Universal-Investment’s independence, successfulbusiness model and high growth dynamics—Introduction of risk analysis: PowerPortal supplementedby risk analyses with ex-ante risk ratios2015Increasing focus on real assets and real estate: real estateplatform in Germany and Luxembourg—Establishment of the new Real Asset Managers department in order to provide fund initiators with the bestpossible advice on the launch of real asset fundsFoundation of a proprietary Investment AG inresponse to the amendment of the GermanInvestment Act (InvG)2007Insourcing services added to our range of services2000Foundation of Universal-Investment-Luxembourg S.A.1998Rule-based asset management becomes part of thebusiness model1992Launch of the first master fund, thereby commencingthe Master KAG business in Germany20141970Universal-Investment is one of the first investment companies (KVGs) in Germany and Luxembourg to obtainthe AIFM licence, allowing the company to launchclosed-end funds19682012Launch of Germany’s first private label fundUniversal-Investment is founded as a joint venture andindependent KAGIntroduction of the PowerPortal, an online portal thatoffers clients access to comprehensive reporting via desktop or mobile devicesOur contribution to your real estate investment success:Contact us to find out how you can benefit from our comprehensive expertise in allmatters related to the structuring and administration of your real estate investments.—Generation of added value through a broad range ofadditional servicesMarcos J. JoosKatja MüllerThorsten SchneiderHead of Real EstateMember of the BoardHead of Sales & Relationship Management& MarketingHead of Sales Institutional Investors& Distribution Services 49 69 71043-635marcos.joos@universal-investment.com 49 69 71043-114katja.mueller@universal-investment.com 49 69 om———
PwCManCo Barometer 2018*Universal-Investment#1 AIFM ManCo#1 Third Party ManCo* SOURCE: P wC 2018 ManCo Sur vey LuxembourgA S OF: JULY 2018Call us or email us at: 49 69 71043-0or info@universal-investment.comFor more information please visit:www.universal-investment.com——@ui gmbhuniversal-investmentu ft mbHTheodor-Heuss-Allee 7060486 Frankfurt am Main, Germany 2018. All rights reserved. This publication is for information purposes only and cannot be construed as distribution of units or shares of investment funds within themeaning of the Capital Investment Code. It is addressed solely to professional or semi-professional investors and is not intended for distribution to retail investors.The opinions expressed in this publication reflect the current judgment of the author and are subject to change without prior notice.Duplication, further distributions or changes of this publication or its contents is subject to the prior express permission of Universal-Investment.Unless otherwise noted, summaries and data were created by Universal-Investment.
sustainable administration of real estate investments. The real estate manager, on the other hand, is responsible first and foremost for the development and the implementation of the investment strategy and its performance. Our 360 service package for real estate funds REAL ESTATE FUNDS Strategic advice Fund structuring and consulting
Note: Private equity includes real estate funds, pure private equity funds, sector-focused funds, pension funds, sovereign funds and Alternate Investment Funds (AIF), but excludes investments by SWAMIH fund 01 INVESTMENTS IN REAL ESTATE INVESTMENTS IN REAL ESTATE 5 Mix 8% Office24% Residential 60%
real estate investing 3 8 17 26 37 45 53 63 72 introduction by shelly roberson and david s. roberson, esq. the world of real estate investing educating yourself in real estate niches and strategies for real estate investment creating an effective business plan locating investment properties financing real estate investments real estate .
REAL ESTATE TERMINOLOGY A Course Companion for Studying for The Real Estate Exam, for Real Estate Home Study Courses, for Real Estate Continuing Education Courses, for Real Estate Statutory Courses, and for Any Form of College Real Estate Course. PAGE 1 A ABANDONMENT Failure
Invested 50bn in real estate equity and debt strategies1 since 2012. o MBD Real Estate Stats: 38bn in AUM across real estate . o Real Estate Private Equity: Core, Income and Value-Oriented, Opportunistic, Development o Real Estate Private Credit: Senior Credit, Mezzanine Loans, Non-Performing Loans Goldman Sachs MBD Real Estate Overview.
A profile of today's real estate investor Investors favor real estate for its growth potential. Today's real estate investor remains optimistic about their real estate investments. Investors hold on average 2.2 types of real estate investments, with the two most popular choices being direct purchase and owning real estate
Real Estate Finance. BACKGROUND . Finance is the lifeblood of the real estate industry. Developers, contractors, real estate brokers (REBs) and mortgage loan brokers (MLBs) should each understand how real estate is financed. Traditional sources of loan funds are the financial depository institutions (depository institutions), including
developing, managing or selling real estate, or from offering products or services that are related to real estate. Issuers of real estate securities include real estate investment trusts REITs(""), brokers, developers, lenders, and companies with substantial real estate holdings such as paper, lumber, hotel, and entertainment companies.
BASICS!OF!SCRUM!IN!AGILE! Abstract(Basic!Scrum!handbookfor!the!beginners!in! the!Agile!world!and!CSM!(Certified!Scrum! Master)!aspirants.! SudaRamakrishna((Thiparthy .
