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ADLER Real Estate AG: ADLER Real Estate secures acquisition of a portfolio with approximately 6,750 units

ADLER Real Estate AG  / Key word(s): Miscellaneous24.10.2014 00:23Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------ADLER Real Estate secures acquisition of a portfolio with approximately6,750 units  - Acquisition of housing association in Wilhelmshaven   - Value of the portfolio considerably above the EUR 200 million markHamburg, 23 October 2014. ADLER Real Estate AG, Frankfurt / M., (ISINDE0005008007) has agreed to acquire a majority stake in a large residentialproperty portfolio comprising of c. 6,750 units. The Company has yet againsecured another major portfolio acquisition in line with its ongoing growthstrategy. The acquisition is expected to close by year end 2014. Theacquisition involves of the takeover of the majority stake in the housingassociation Jade mbH located in Wilhelmshaven on the North Sea coast ofLower Saxony. Jade mbH is not only the holding company owning the assetsbut is also the property and facility manager. The Value of the portfoliostands considerably above the EUR 200 million mark.Specifically, the Jade mbH comprises of 6,641 residential and 31 commercialunits with 74 apartments for student accommodation. The properties havebeen very well maintained and are in a very good condition, with virtuallyno deferred maintenance and capex backlog and are located in the betterareas of Germany's largest naval site. About two-thirds of the propertieswere built in the 30s and 40s of the last century. Its current net rentalincome stands at EUR 20.5 million. The occupancy rate is reaching 93percent and has benefited from an upward trend in recent times resultingfrom the positive economic activity driven by the construction of the newdeep sea water port. Upon completion of the transaction the portfolio willgenerate positive cash flows and thus continue to contribute to ADLER'Songoing Group success.The Management BoardFor inquiries please contact:Press: german communications dbk ag  Jörg BretschneiderMilchstr. 6 B, 200148 Hamburg, GermanyPhone: +49-(0)40/46 88 33 0, Fax: +49-(0)40/46 88 33 40presse@german-communications.com    Investor Relations: Hillermann ConsultingChristian HillermannPoststraße 14, 20354 Hamburg, GermanyPhone: +49-(0)40/32 02 79 10, Fax: +49-(0)40/32 02 79 114c.hillermann@hillermann-consulting.de24.10.2014 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      ADLER Real Estate AG              Alstertor 17              20095 Hamburg              GermanyPhone:        +49 (0)40 - 29 8130-0Fax:          +49 (0)40 - 29 8130-35E-mail:       info@adler-ag.comInternet:     www.adler-ag.comISIN:         DE0005008007, DE000A1R1A42, DE000A11QF02WKN:          500800, A1R1A4, A11QF0Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, Düsseldorf, Hamburg End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------