Deutsche Bank's RREEF Alternative Investments Becomes New Strategic Partner Of Rosen Real Estate Securities

RREEF Alternative Investments, the alternatives asset management business of Deutsche Bank's Asset Management business (DeAM), acquires a significant minority interest in Rosen Real Estate Securities LLC (RRES). RRES is a Berkeley, CA based, long short real estate investment advisor. RRES

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RREEF Alternative Investments, the alternatives asset management business of Deutsche Bank’s Asset Management business (DeAM), acquires a significant minority interest in Rosen Real Estate Securities LLC (RRES). RRES is a Berkeley, CA-based, long/short real estate investment advisor.

RRES currently manages long/short real estate strategies, including its long-standing Rosen Real Estate Securities Value Fund I, L.P. PFEEF will expand RRES’s long/short real estate investment platform and collaborate on product distribution, which will provide Deutsche Bank’s institutional and high net worth investors with access to RRES’s strategies. Existing RRES teams will continue to be responsible for portfolio management.

GIC Real Estate (GIC RE), the real estate arm of the Government of Singapore Investment Corporation is also investor and owner following RREEF’s acquisition of a minority stake in RRES.

RREEF has agreed to acquire the remaining interest in RRES in one or more subsequent transactions, with Rosen and RRES teams responsible for fund management. Kenneth Rosen has significan experience in the real estate investment industry. He was the founder, chairman and portfolio manager of Lend Lease Rosen Real Estate Securities, a $3 billion REIT investment management firm which was sold in June 2003.

“RREEF provides us with the ideal combination of distribution capabilities, expanding global reach and a connection to a leading global investment bank with long-standing relationships,” says Kenneth Rosen, chairman, Rosen Real Estate Securities.

“This agreement will allow our organizations to join forces on investment expertise and deploying capital, and will give RREEF clients access to a top-performing real estate investment manager,” says Charles B. Leitner, global head, RREEF Alternative Investments.

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