Deutsche Asset & Wealth Management (DeAWM) today announced the acquisition of Results Way Corporate Center, on behalf of one of its international clients.
Results Way Corporate Center is a 383,000-square-foot office campus located in Cupertino, California. The ten-building campus has been fully renovated within the last two years and is 100% leased to Apple. Recent improvements have been certified LEED Silver.
“We are pleased to acquire Results Way which will provide attractive cash returns to our clients. Cupertino is a dynamic market and recent improvements have transformed Results Way into a modern, state-of-the-art creative campus that should meet the tenant's needs over the long term," said Todd Henderson, Head of Real Estate, Americas at Deutsche Asset & Wealth Management.
Deutsche Asset & Wealth Management – Real EstateDeutsche Asset & Wealth Management’s real estate investment business (formerly RREEF Real Estate) has been investing in real estate assets for more than 40 years. As part of the Alternatives and Real Assets platform, this business today has more than 450 employees around the world and US$47.3 /€34.9 billion 1 in assets under management as of September 30, 2013, and offers a diverse range of strategies and solutions across the risk/return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans, and private clients worldwide. To learn more about Deutsche Asset & Wealth Management's real estate investment capabilities, go to www.rreef.com. ¹ Excludes infrastructure securities assets under management, which were previously reported under the RREEF Real Estate business. Deutsche Asset & Wealth Management With $1.26 trillion of assets under management (as of Sep 30, 2013), Deutsche Asset & Wealth Management¹ is one of the world's leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.