The Supervisory Board of Fair Value REIT-AG has appointed Stefan Herb as an additional member of the Management Board as of March 1, 2018. He will become the company's CFO. Stefan Herb has around two decades of experience in executive positions in the real estate industry and with real estate funds.

He has been Head of corporate management/treasury with DEMIRE Deutsche Mittelstand Real Estate AG since October 2017. In its ad-hoc disclosure dated February 20, 2018 the company informed investors that Patrick Kaiser, a member of its Management Board, would resign from his office as of April 30, 2018 on the best of terms with the Supervisory Board.