Equity investments at a glance

• Real Estate companies 
• Portfolios 
• Public listed companies

• Opportunistic return and dividend orientation 
• Internationalization of portfolio 
• Active management approach on a mid- to long-term base (3-7 years)
• Bridge investment/warehousing for structured investment products 
• Realization of big-seized transactions with national/international clients and equity partners
• Strategic partnership to occupate market niches (e.g. city development, urban renewal)
• Development of special business segements (PPP)

• Identification of investment opportunities/targets
• Identifcation and approach of potential strategic partners
• corporate valuation (purchase price calculation, impairment tests)
• Interim management and administration
• corporate reporting/risk analysis

• Office 
• Retail 
• Nursing homes 
• Residential

 € 4.7m (status as of 30 June 2008)

No restrictions

• Hamborner - commercial real estate, participation approx. 51.5% 
• US Treuhand - closed-end US real estate funds, participation 50%
• LB Immo Invest - special real estate investment funds, participation about 100%
• Encore Senior Living - extended care senior living properties, participation 50%   
• BIG - project development and building promoting business, participation 45%