RREEF Alternative Investments is acquiring a significant stake in Rosen Real Estate Securities, a real estate long/short fund manager and consulting firm, confirmed Mayura Hooper, spokeswoman for RREEF parent Deutsche Bank.
The size of the stake and the terms of the transaction are not being disclosed, she said.
GIC Real Estate, the real estate arm of the Government of Singapore Investment Corp., continues to hold the minority stake in Rosen it acquired in January. RREEF agreed to acquire the remaining interest in the company in later transactions subject to certain conditions.
Rosen Real Estate Securities management remains responsible for fund management.