Abstract
Closed-end funds investing in real estate play an important role in the asset allocation of wealthy private investors in Germany. The investors take shares in a private company investing with a relatively small amount of money in large individual properties. The following article describes the basic elements of closed-end funds, the market in Germany, the different players and ends with a short overview of concepts used to analyze those funds.
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References
Feri Eurorating Services (2011). Feri Gesamtmarktstudie Beteiligungsgesellschaft. Bad Homburg.
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© 2012 Springer-Verlag Berlin Heidelberg
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Knepel, H. (2012). German Closed-End Funds. In: Just, T., Maennig, W. (eds) Understanding German Real Estate Markets. Management for Professionals. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-23611-2_21
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DOI: https://doi.org/10.1007/978-3-642-23611-2_21
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-23610-5
Online ISBN: 978-3-642-23611-2
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