The return of the return fund is generated by the ongoing rental income from several hundred apartments. The stock of real estate to be acquired has a gross profit margin of about 7 percent. In addition a sales profit on the basis of an expected increase in the factor of 13.0 on 13.7 of the term at the then energetically fully optimized housing stock. The real estate 24 Emissionshaus GmbH works together with the German Arbeitskreis fur Umweltbewusstes management (b.a.u.m. e.V.) concepts to the energy-related modernisation for inventory objects, as well as with the tenant education.
The concept and the investors – and trust management of the return fund collaborates with the RAD trust Hamburg GmbH. The RAD group was involved until now on the conception and management of closed-end real estate funds in the volume of EUR 13.5 billion. About the sustainable residential real estate of return on funds: The funds invest in apartment buildings and condominiums in North German cities from year of manufacture 1960 and strive for energetically sustainable exploitation of the stock to be purchased. Residential real estate are responsible for more than 30 percent of primary energy demand. Energy improvements can reduce the demand for primary energy depending on the year of manufacture up to 80%. A consumption of primary energy of 100 kWh/m2a and a total savings of 102 million kilowatt hours, or 10.2 million liters of heating oil is planned for the existing objects of the first Fund. Energy saved could produce of heat insulation material for a town of more than 4,000 single family homes. The Fund combines an intended after tax yield of 6,9Prozent p.a.
with the increased protection of tenants against rising energy prices. With early voting with the authorities may be given social tenant issues be taken into account. 24 real estate: The real estate 24 GmbH has a successful performance record in the field of acquisition, acquisition financing, development, management and sale of Apartment buildings and condominiums. Under the leadership of its Executive Director Rudolf Marloh, the real estate 24 has GmbH between 2002 and 2005 a residential property portfolio EUR 6.8 million purchased, with a yield of 7% managed and marketed with a gain of 26% (IRR = 8Prozent before taxes the GmbH). Previously Mr Marloh as Managing Director of Telos House and Grund GmbH of Hamburg from 1997 to 2000 had acquired a stock of residential real estate of EUR 37.8 million manages with a profit margin of 9%, (IRR = 11% before taxes the GmbH) sold with profit before tax of 20 per cent.