Trend in special AIFs: German funds significantly outperform funds with properties in the rest of Europe

Open-ended real estate special AIFs have generated a total return of 2.8% p.a. over the past ten years. This comparatively weak result is attributable primarily to funds with properties in the rest of Europe, i.e. outside Germany. By contrast, German-oriented funds have generated a total return of 4.3% p.a. over…