This is a marketing communication. By investing in closed-ended public AIF or closed-ended special AIF for professional and semi-professional investors, the investor makes a long-term commitment which involves risks. In particular, a decline of the market environment or the rents in the market as well as a deterioration of the overall economic situation might occur. Due to its composition and its dependency from market developments as well as the techniques used, the investment shows an increased volatility. Accordingly, the units’ value may incur major up- and downturns. There might be risks resulting from project development, in particular the risk that the timing of a construction or a sale do not meet the forecast. The investor provides equity to the investment company, which may be consumed by losses. The trading of the units is restricted. It is possible that the investor cannot sell his units or cannot earn a price equivalent to the units’ value. With investments in US-Dollar, the return may rise or fall due to changes in currency exchange rates. Accordingly, the investor should take into account all possible risks when taking an investment decision. The sales documentation includes an explanation of the material risks. For special AIF the information according to sec. 307 para. 1 and 2 KAGB, the KIID - each in their most recent version - and the annual report are available from your investment adviser or from derigo GmbH & Co. KG, Rosenheimer Straße 141 h, 81671 Munich. For public AIF the prospectus, the KIID - each in their most recent version - as well as the last published annual report are available - each free of charge and in printed format - from derigo GmbH & Co. KG, Rosenheimer Straße 141 h, 81671 Munich or at www.derigo.de. A summary of investors‘ rights in German language can be found at www.derigo.de/Anlegerrechte.