In a guest contribution to “immobilienmanager” (10/2013), Oliver Herrmann, Managing Director of redos, writes that about the increasing specialisation of real estate special funds. Investors would incrementally prefer to have a special fund managed by an asset specialist focused on a particular type of use. According to Herrman, the legal gown is to be delivered by the capital investment company, which in some cases even takes over distribution. For the acquisition and management of properties, however, specialised asset managers with many years of experience in defined asset classes are decisive, writes Herrmann.