Frank Schaich (born 1959) has been the CEO of Fair Value REIT-AG since 17 September 2007 and has in addition been appointed to the management board of DEMIRE Deutsche Mittelstand Real Estate AG as of 1 February 2016. Mr. Schaich’s professional base is a classic apprenticeship in banking. He was previously a member of the IC Immobilien Holding AG’s management board, where he was responsible for the fund business. He has held executive positions in various departments of IC real estate group since 1988. From 1993 onwards he served as managing director for several IC Real Estate Group companies and the funds under management by IC. In total, he has more than 30 years’ experience in international real estate markets. Frank Schaich has gained extensive experience in syndicating, financing, and placing closed-end real estate funds, in investor relations and in asset and portfolio management of commercial real estate.
(Chairman of the Supervisory Board)
Rolf Elgeti, born in Rostock in 1976, is a business studies graduate and began his career in London where he worked for many years as an analyst and equity strategist, including a period as chief strategist for ABM AMRO. In the period from 2003, he also founded and managed various German real estate investment companies. In July 2009, he took over as CEO of TAG Immobilien AG, an MDAX-listed real estate company after having served on the company’s supervisory board from October 2008. In November 2014, Mr. Elgeti transferred to the supervisory board, took the chair of that board and founded Obotritia Capital KGAA, an investment company in the real estate sector specialised in the German commercial property market.
(Deputy Chairman of the Supervisory Board)
Markus Drews (born 1975) is a member of the executive board (COO) of DEMIRE Deutsche Mittelstand Real Estate AG. He has a degree in German business administration and has decades of experience in positions of high responsibility in the real estate sector. Markus Drews made significant contribution in establishing, managing and selling of a listed real estate company with a market capitalisation of EUR 1.5 billion. He has gained experience in dealing with distressed and non-core assets for example Haniel and RWE systems. Markus Drews has as a Real Estate M&A Advisor (Remi) extensive experience with listed real estate companies, particularly with regard to timing capital measures with real estate transactions.
Hon.-Prof. Andreas Steyer
(Member of the Supervisory Board)
Hon.-Prof. Andreas Steyer (born 1965) is the speaker of the executive board (CEO) of DEMIRE Deutsche Mittelstand Real Estate AG. He has a Degree in business economics and real estate economics (ebs business school). Andreas Steyer is a member of the Royal Institution of Chartered Surveyors (MRICS). As from 1992 to 2007 he held several management positions in the companies KPMG Wirtschaftsprüfungsgesellschaft, Arthur Andersen Real Estate GmbH, Ernst & Young Real Estate GmbH and Deka Immobilien Investment GmbH. Furthermore he held executive positions at Global Gate Investment GmbH and at VB Real Estate Services GmbH in the years 2007 to 2012. Andreas Steyer is honorary professor for real estate economics at the Jade University of Oldenburg.