DWS’s real estate investment business (formerly Deutsche Asset Management) has been investing in real estate for more than 45 years. As part of the Alternatives platform, the business offers a diverse range of strategies across the risk/return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate.

As fiduciaries of our clients’ capital, we create innovative investment solutions designed to meet specific client requirements, combined with a disciplined approach to real estate investing. Our approach starts with global and regional research teams and on-the-ground investment and asset management teams to provide our clients proprietary perspectives on market opportunities, trends and risks. We combine this intelligence with our sophisticated portfolio construction approach and advanced risk management with the goal to deliver optimal returns for public pension plans, corporations, insurance companies, endowments, foundations, sovereign wealth funds, retirement plans and private clients worldwide.

Comments: Our highly experienced teams are well equipped to succeed in an ever-changing environment. We use a robust and disciplined investment process, combined with flexibility and creativity to adjust to ongoing developments in the asset class. With investments and investment professionals spread across the world, we have expertise in Europe, the United States and Asia Pacific. On-the-ground expertise is supported by a dedicated Alternatives research team. Our global view and depth of resource means we are able to continually innovate our products and services in response to clients’ needs.

Sector forecasts

Our latest Asia-Pacific Real Estate Strategic Outlook, which includes sector forecasts, is available along with all of our research on our public website at: realestate.dws.com

Investment principles & strategy

Our mission is to deliver superior long-term risk-adjusted returns, preservation of capital and diversification to its investors. To achieve our clients’ goals, and consistent with our mission, we employ a disciplined investment process designed to identify, implement and monitor investment themes and tactics.

Strategic corporate development

An integrated, global platform enables us to leverage our experience and resources to develop and offer new and innovative products and services to suit the needs of our clients.

For Qualified Investors (Art. 10 Para. 3 of the Swiss Federal Collective Investment Schemes Act (CISA)). For Professional Clients MiFID Directive 2014/65/EU Annex II) only.No distribution to private/retail investors. Any reference to “DWS”, “Deutsche Asset Management” or “Deutsche AM” shall, unless otherwise required by the context, be understood as a reference to asset management activities conducted by DWS Group GmbH & Co. KGaA and/or any of its affiliates. Clients will be provided DWS products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering materials or other documentation relevant to such products or services. This document contains projections, forecasts, beliefs and similar information. This is provided for illustrative purposes only and is not intended to serve as, and must not be relied upon by any prospective investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Please note that the information provided may be subject to change. This document, in part, describes some of the procedures and systems of internal management and control of our real estate investment business that were in place at the time of writing. These are constantly under review, and therefore future systems of management and control within DWS may differ from those set out in this document. Consequently, although this document is provided in good faith, it is not intended to create any legal liability on the part of DWS, and does not in any way vary the terms of any relevant investment management agreement. The statements contained in this paragraph do not affect DWS’ obligations to its customers under the rules of the Financial Conduct Authority.  058530_1.5