Capital release outside the leverage limits.

For open-ended and closed-ended property funds, special AIFs, insurers and pension schemes as portfolio holders. Typical questions:

The 30 percent limit of Section 254 KAGB

The purchase price of a beneficial right does not count against the borrowing limit of open-ended retail property funds.

Redemptions

Meet redemptions without selling the most liquid assets into a weak market.

Special AIFs

Capital outside the leverage limits set by the fund terms.

Reallocation within the portfolio

Move capital from single assets into other sectors or regions without a portfolio sale. Single asset or sub-portfolio.

Realising hidden reserves without crystallising them

Valuation and carrying values remain; no transfer of title, no real estate transfer tax.

Loan-to-value and ratios

Contract liability instead of financial debt: loan-to-value, gearing and covenants stay untouched.

Use-of-proceeds restriction

The proceeds are freely available for redemptions, distributions or new investments.

Rental income, property data and the balance of existing loans are enough for an indication: info@homer.gmbh · +49 221 933 52250

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