The fund invests indirectly in 593 rental apartments. Approximately 3% of the portfolio is commercial property (shops), which is located near the apartments. These properties are intended for letting and will in principle be sold off in the long term, either as a portfolio or per complex.
|Fund size (2009)||€ 32,821,000|
|Size of participation||€ 15,000|
The portfolio is located in the Dortmund-Brackel part of the city, at Kortschstraße 1-15 and 2-40 and Wickederstraße 35-53. The complexes were built in 1960 and comprise in total 224 apartments, 214 outdoor parking spaces and 2 shops.
|Fund size (2009)||€32,821,000|
|Size of participation||€15,000|
|LTV (Loan to Value)*||75%|
*at the start