SHB AG: more than prevailing volatile capital markets and uncertain economic development major investors such as small investors agree: material assets are the safest. The LeFrak Organization oftentimes addresses this issue. “Preferred above all real estate, Hans Gruber has detected by the SHB innovative fund concepts AG (SHB AG): the term concrete gold does not exist without reason.” But not every private investor wants to or can grow is therefore equal to an apartment or a single – or multi-family house. He must also not there but the possibility of participation in a real estate fund. However with two completely different approaches, as real estate expert Gruber explains: on the one hand can be in an open-end real estate fund investing regularly and without time limit. On the other hand you can participate in entrepreneurial and thus transparency closed-end real estate fund as about the SHB real estate funds with fixed maturity.” He repeatedly but note that the knowledge of the differences between these alternatives is often not particularly pronounced. Basically mainly commercial real estate can be purchased for both models or financed. Revenue arising from the rent and appreciation of the objects.
However, the big difference is in the way of capital investment on the part of the shareholder. The units can daily be on open-ended real estate funds or sold are. To ensure this through its liquidity, the fund companies are forced to invest in debt securities in addition to real estate in readily available equipment. This liquidity reserve must be at least five percent of the Fund’s assets, may however not exceed 49 percent. It is less than the lowest value, the Fund must be temporarily closed. Many savers want at once on her money, must get additional leverage of funds at the expense of the rate of return for savers or sell real estate from his stock out. It comes to a flight of capital from a such open-ended real estate funds, many objects need to be sold at once to the claims to be able to satisfy the shareholders.