ADLER Real Estate AG  / Key word(s): Miscellaneous30.06.2014 19:48Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------ADLER Real Estate concludes its largest acquisition so far and realizessubstantial effect on earnings  - Substantial effect on earnings from upcoming fair value measurements in    first half of 2014  - EPRA NAV of ADLER Group reaches approx. EUR 11 per share  - Portfolios include approx. 8,500 residential and commercial unitsHamburg, 30 June 2014. ADLER Real Estate Aktiengesellschaft, Frankfurt/M.,(ISIN DE0005008007) has successfully concluded its largest acquisition sofar on its mission for an important residential real estate company withproperties throughout Germany. The almost complete takeover of sevenproperty holding companies, which was contractually secured at the end ofMay 2014, such as another acquisition of a smaller portfolio in Thuringiafrom the beginning of June became effective today. Together the portfoliosconsist of approx. 8,500 residential and commercial units. The value ofboth portfolios amounts to roughly EUR 409 million.After deduction of all recurring operating, management and financing coststhe portfolios generate a positive cash flow for ADLER Group. From theconsolidation of the now successfully acquired portfolios and from ESTAVISAG, Berlin, in which also a majority shareholding was acquired, ADLERexpects a substantial effect on its earnings situation in the first half of2014 due to the upcoming fair value measurement of the acquired assets inaccordance with IFRS standards. Currently it becomes apparent that the EPRANAV of the expanded ADLER Group will reach approx. EUR 11 per share. Due tothe extensive work on the semi-annual financial statements the semi-annualreport 2014 shall only be published on 31 August 2014.The residential real estate portfolios spread out across almost all federalstates in Germany. In combination with the secured portfolios of ESTAVIS AGthe property portfolio of ADLER now amounts to approx. 25,000 residentialunits.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.de30.06.2014 DGAP's 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, WKN:          500800, A1R1A4Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, Düsseldorf, Hamburg End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------