The products on this website are aimed exclusively at institutional investors; Distribution to private investors is also not permitted.

This overview does not constitute investment brokerage or investment advice, legal or tax advice, nor an offer or a request to make an offer regarding the purchase or sale of shares in the listed investment funds. Only the legally required sales documents of the listed investment funds are relevant. The purchase of shares is only possible on the basis of the legal sales documents, which are available from d.i.i. Investment GmbH using the contact details provided below. An essential part of these sales documents is the information document in accordance with Section 307 KAGB, which contains information about the present fund product, in particular information about risks, structure, any distribution restrictions and relevant tax matters, as well as, if applicable, the so-called “key investor information”. The information does not replace legal and/or tax advice tailored to the investor's individual circumstances, taking into account his or her financial, tax and legal circumstances.

Please note that past performance is not a reliable indicator of future performance.

d.i.i. Investment GmbH, as of: August 2023

Risk information
The investor participates in the assets and results (profit and loss) of the investment company in accordance with his participation quota within the framework of the contractual agreements. Investing in the investment company involves not only the chance of income in the form of payouts but also the risk of loss. The following risks can affect the performance of the investment fund and thus the investor's results.

The risks described can occur individually or cumulatively. In the event of a negative development, this can lead to the investor partially or completely missing the forecast payouts and to a partial or complete loss of his capital contribution.

The investor's maximum risk consists of a complete loss of his capital contribution plus wasted expenses for additional costs and the additional risk to his other assets due to tax payments to be made, as well as interest, compensation and payment obligations to third parties, the investment company, the shareholders and the other investors due to payment obligations from any personal external financing of the share in the investment company that may have been concluded. This can lead to the investor becoming insolvent.

Risks of negative performance) Market risks)

In addition to the risks arising from fluctuations in the market value of assets in public AIFs, there are special risks associated with real estate ownership. This includes vacancies, rent arrears and loss of rent, which can result from, among other things, changes in location quality or tenant creditworthiness. This can cause the value of the property to decrease.

Changes in the quality of the location may result in the location no longer being suitable for the selected use. The condition of the building may require maintenance expenses that are not always predictable (see notes on operational risks). Possible changes in tax law can affect the income from the property.

Credit risks

The AIF finances the property partly with borrowed capital. This external financing must be serviced regardless of the AIF's income situation. If the company is unable to fully meet its obligations from long-term debt financing, such as interest and repayment, this may lead to a block on payments. In addition, the financing bank has the right to demand further standard bank security or to terminate the loan and make it due and, if necessary, to pursue foreclosure. Through external financing, the AIF's profitability increases if the performance is positive; if the performance is negative, the ongoing interest and repayment claims mean that the AIF's equity is used up more quickly ("leverage effect").

Risk of insolvency, lack of deposit insurance

The AIF can become insolvent or become over-indebted. Lower income and/or higher expenses than forecast can lead to liquidity bottlenecks and payment difficulties or even insolvency for the investment company, as the AIF does not belong to a deposit protection system.

Counterparty risks

There is a risk of premature liquidation or even insolvency of the AIF if the limited partnership capital cannot be placed and the placement guarantor does not fulfill its obligation under the placement guarantee.

There are risks with regard to the fulfillment of rental agreement obligations, rental income (tenant's insolvency) as well as follow-up rentals and possible vacancies.

There is also the risk that one or more tenants may assert rent reductions or retention rights or terminate the rental agreement completely due to defects in the property or external influences on the environment and/or surroundings and that out-of-court or in-court disputes may arise in this regard.

There is a risk that the investment property will not be ready for acceptance by the time of handover and the purchase contract will therefore not be completed on time. Furthermore, there is a risk that the seller will not fulfill his contractual obligations. This can lead to the reversal of the AIF.

Operational and tax risks

Real estate-specific risks, such as unforeseeable construction defects and contaminated sites, can lead to a reduction in the value of the property.

Conflicts of interest (e.g. due to capital and personnel connections between the KVG and the investment company as well as the shareholders and outsourcing companies) can lead to disadvantageous decisions for investors.

Key persons (members of the management of the investment company and/or key employees of the KVG) may be absent or may not fulfill their duties completely and properly.

Changes to the tax, legal and/or regulatory framework in Germany (possibly also retroactively) as well as unforeseen actual developments can have a negative impact on the earnings situation or value of the investment fund.

Shareholder risks

This offer is a long-term entrepreneurial investment. A redemption or ordinary termination of the shares during the term of the investment company (including any extensions) is excluded. The transfer or other disposal of shares is only possible to a limited extent and requires, among other things, the consent of a managing partner. There is no regulated market for the sale of shares in the investment company; A sale of the share is therefore only possible via a secondary market, if one exists.

Investors can initially only participate indirectly as trustors via the trustee; A limited partner is directly liable to the creditors of the AIF in the amount of his liability amount recorded in the commercial register (1% of the limited partner's contribution).

If the investor has made a deposit of at least this liability amount, personal liability is excluded.

The investor's liability can be revived if the investment company makes payments to the investors that are not covered by corresponding profits and as a result the investor's capital contribution falls below the amount of the liability recorded in the commercial register.

There is also the risk of the investor becoming liable to the AIF if the investor has received payments that are not covered by the corresponding profits of the AIF and, as a result, leads to undercapitalization of the personally liable partner of the AIF ("internal liability"). Internal liability is not limited to the amount of liability entered in the commercial register.

Investors are not obliged to make additional contributions and cannot be justified by a shareholder resolution.

Investors bear the risk of the AIF becoming insolvent. By purchasing a share in the investment company, the investor enters into a long-term commitment. He should therefore include all possible risks in his investment decision.

These cannot be fully and conclusively explained at this point. A detailed description of the risks can only be found in Chapter 5 “Risk information” in the sales prospectus.

Risk of changes in the legal situation in connection with the ESG criteria:

With regard to the integration of ESG criteria into the AIF's investment strategy, it should be noted that the legal situation is undergoing significant changes. This applies in particular to the regulatory framework for sustainable investments, which results primarily from Regulation (EU) 2019/2088 (“Disclosure Regulation”). The Disclosure Regulation contains a variety of transparency requirements.

Further details are currently being determined by the legislature and have not yet been taken into account in the sales prospectus. Due to new legal requirements, the AIF's investment strategy may need to be adjusted. It cannot be ruled out that the AIF does not or no longer meets the requirements for a so-called ESG strategy product in accordance with Article 8 of the Disclosure Regulation due to changed legal requirements.