German portfolio developments
with a planned annual target return of 8.5 – 9.0% *
With the “ d.i.i. 44. GmbH & Co. Closed Investment-KG” fund, residential real estate investments benefit from our many years of experience in active asset management and continuous inventory optimization. Secure attractive returns in regions with consistently high demand for housing. All of the fund's target objects have a stable or easily stabilized basic cash flow and are developed as part of an active investment approach.
Key data
Fund vehicle
Special AIF
strategy
Inventory development
Classification SFDR
Article 8
Minimum participation
200,000 euros
Target return
8.5% – 9.0% IRR*
Equity/debt ratio
~ €95 million / max. 65%
Investment volume
~ €250 million
Target market
German metropolitan regions
Planned fund term
until December 31, 2031
Payout intervals
Yearly
Target market
Mannheim
- Active inventory development (80%) (including apartment renovations and modernizations as well as land acquisition; also energy-efficient renovations) as well as ongoing apartment privatizations (20%)
- Optimization of the additional cost structure through active additional cost management
Increase in cash flow by adjusting rents to market levels in the wake of natural tenant fluctuation and by reducing vacancies
Fully comprehensive services
for the existing property
- Portfolio management
- Investor reporting
- Performance analysis
- Risk & compliance
- conclusion
- Due diligence
- Off-market deals and bidding processes
- Contract negotiations
- Closing
- Selection of the bank, tendering, benchmarking
- Contract negotiation & conclusion
- Fulfillment of payout conditions
- Administration & Reporting
- Tax advisor
- Risk management
- Business plans
- Representation of the owner's interests
- Increase in rental income
- Optimization of running costs
- Refurbishments
- Control of property management
- Inspections of the technical installations
- Repairs
- Property billing & settlement of service provider fees
refurbishment know-how
- Existing developments
- Additional and new buildings
Why invest with us?
Combat housing shortages
Secure attractive returns
More and more people are looking for ways to invest their money profitably. But not every form of investment is really safe and sustainable. With investments in d.i.i. real estate funds, we offer a perfect solution for everyone who not only wants to increase their money, but also invest in the future.
Your investment with us is a safe and long-term investment that guarantees you an attractive return. But that's not all - with your investment you are also actively contributing to the creation of living space. So invest not just in your future, but in that of all of us - because residential real estate is a sustainable and future-proof form of investment.
The environment in view
The amended Climate Protection Act raises the targets for lower CO2 emissions. The reduction target for 2030 increases by 10 percentage points to at least 65 percent. This means that Germany should reduce its greenhouse gas emissions by 65 percent compared to 1990 by the end of the decade. The higher ambitions also affect the CO2 reduction targets by 2030 in the individual sectors: in the energy sector, industry, transport, buildings and agriculture.
The d.i.i. Group has been taking an active approach to dealing with issues such as energy efficiency and fair treatment of tenants for many years. To this end, d.i.i. has imposed a social charter on itself, within the framework of which guidelines are regulated for compliance with social, ecological and sustainable obligations in the course of investing and managing residential real estate.
We are residential real estate
and invest successfully in German residential properties that achieve high returns
We help people
to achieve their financial and sustainable goals
We are partners
from important and well-known (semi-)professional and institutional investors
We are expertise
and serve large investors from various institutions. You benefit from this expertise – sustainably.
Sustainability at
the d.i.i. Group
In order to further improve its sustainability performance in the coming years, d.i.i. has set itself ambitious goals at both the company level and at the portfolio and property level.
Through our strong commitment to ESG, we want to balance economic activity with social responsibility. We are therefore members of various ESG organizations and are committed to meeting the requirements of these organizations.
In order to give investors and tenants a better overview of our sustainability activities, there is also a sustainability report from the d.i.i. Group.
Classification according to Article 8 of the Disclosure Regulation
– All new building projects comply at least with the KFW 40 standard (EH 40).
– CO2-neutral electricity is used in all common areas.
– Smart metering measurement techniques are used for general electricity.
– Heating systems based on renewable energies, for example heat pumps, geo- and solar thermal energy and photovoltaics, are preferred.
– A code of conduct is included in every construction contract, meaning that contractors are obliged to use resources such as water and energy responsibly.
– There are exclusion criteria for the use of building materials: for example, no composite materials, adhesives and sealants may be used.
– Project-related concepts are being developed to promote e-mobility.
d.i.i. memberships
GRESB is an independent organization that provides investors and investment managers with validated ESG performance data and benchmarks to improve business intelligence, industry engagement and decision-making.
INREV
The European Association for Investors in Non-Listed Real Estate Vehicles (INREV) is a non-profit association based in the Netherlands that represents the interests of investors in the European market for unlisted real estate funds. According to INREV, the aim of INREV is to improve transparency, professionalism and best practice in unlisted real estate funds and to make them more accessible and attractive to investors.
PRI
The UN (PRI) is an investor initiative in partnership with the Financial Initiative of the United Nations Environment Program (UNEP) and the UN Global Compact. The initiative, supported by the United Nations, is an international investor network that has developed and aims to implement six principles for responsible investing. The aim is to understand the impact of sustainability on investors and to support signatories in incorporating these issues into their investment decision-making processes.
UN GLOBAL COMPACT
The UN Global Compact is the world's largest and most important initiative for sustainable and responsible corporate management. The UN Global Compact Network Germany (UN GCD) with 1,000 participants from business, civil society and politics supports companies in strategically anchoring sustainability based on 10 universal principles and contributing to the implementation of the Sustainable Development Goals.
ESG Committee of the d.i.i.
The ESG Committee meets regularly to discuss ESG-relevant topics. In urgent cases, special meetings are held.
The ESG officer chairs the ESG committee.
The members come from different areas:
Dominik Schott,
board member
d.i.i. AG
Dirk Hasselbring
Managing Director d.i.i. Investment GmbH & Board member d.i.i. AG
Oskar Droszkowski
Team Leader ESG Management
d.i.i. AG
Dr.
Esther Ries Head of Business Development
d.i.i. Investment GmbH
Tasks:
- Development of the sustainability strategy
- Control and coordination of the achievement of ESG goals at company and fund level
- Participation in the further development of the ESG risk analysis in collaboration with the risk management and compliance departments
- Further development of existing ESG-related guidelines and work instructions
- Monitoring the Achievement of sustainability goals
- Contact person for ESG topics for the supervisory board, executive board and specialist departments
- Technical coordination of press and public relations work on ESG-relevant topics
Do you have any questions or would you like
in this fund ?
* Non-binding forecast (expected transfer of ownership, benefits and burdens of the investment property to the property company) - the occurrence of the non-binding forecast cannot be predicted with certainty. Forecasts are not a reliable indicator of future performance. It cannot be ruled out that the assumptions, estimates, forecasts and statements made by third parties regarding the future economic development of the fund later prove to be incorrect. Achieving the forecast payments depends on a number of factors that cannot be influenced (e.g. future inflation developments, property value development) and cannot therefore be guaranteed. In addition, the forecast reliability decreases with increasing duration.
** Regulation (EU) 2019/2088 of the European Parliament and of the Council of November 27, 2019 on sustainability-related disclosure obligations in the financial services sector (“Sustainable Finance Disclosure Regulation” – “Disclosure Regulation”)
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.
This website is general and non-binding information, which was created by d.i.i. Investment GmbH exclusively for general information purposes. These are not financial analyses, and are therefore not subject to the legal requirements promoting the independence of financial analyses, nor to the prohibition on trading following the dissemination of financial analyses. The information contained in this document does not take into account any individual circumstances on the part of the recipient. This document 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 investment fund discussed in this document. The information in this document does not replace one Advice tailored to the investor's individual circumstances, taking into account his or her financial, tax and legal circumstances.
Please note that any information on the website regarding the investment fund's past performance does not allow a reliable conclusion to be drawn about future performance; The performance of the investment fund in the past is no guarantee of future performance. No guarantee is given for future performance or for the achievement of the results and earnings forecasts contained in this document. Income generated in the future is subject to taxation, which depends on the investor's personal circumstances and may change in the future.
This website was created to the best of our knowledge and belief and makes no claim to being up-to-date or complete. Information and statements that do not represent historical facts but are future-oriented are based on d.i.i. Investment GmbH's current assessments, expectations and forecasts with regard to market and industry developments. These information, analyzes and forecasts are based on the level of knowledge and market assessment of d.i.i. Investment GmbH at the time of creation. d.i.i. Investment GmbH assumes no warranty or guarantee for the information contained in this document, in particular not for the accuracy of data that clearly comes from third parties (e.g. source information), and no liability for losses or damages of any kind in connection with this document, unless these were caused by gross negligence or intent on the part of d.i.i. Investment GmbH or its legal representatives and are causally related to the potential damage. The information may change at any time without notice to the recipients.
d.i.i. Investment GmbH, as of: August 2023