Deutsche Asset & Wealth Management Acquires Class-A Florida Office on Behalf of Institutional Client

Deutsche Asset & Wealth Management’s (Deutsche AWM) Alternatives and Real Assets (ARA) business today announced that it has acquired The Alhambra, a Class-A office complex in Miami, FL, on behalf of an overseas institutional investor.

Built to high industry standards and achieving both an Energy Star rating and LEED Gold Certification, the 326,415-square foot office complex is comprised of two towers—Alhambra Plaza and Alhambra West, which are 14-stories and seven-stories, respectively. The project is located in the highly sought-after Coral Gables office submarket of Miami, and provides tenants access to multiple business centers, high-end executive housing, as well as walking distance to upscale shopping, dining, and entertainment amenities.

“The Alhambra is a well-located property in the Miami market, and is leased to a strong mix of quality national, multinational, and local tenants in a diverse mix of industries,“ said Todd Henderson, Head of Real Estate in the Americas for ARA. “The project offers an immediate income generation opportunity through the leasing of vacancy in the portfolio and long-term value via a targeted capital improvement program to reposition the asset.“

Deutsche Asset & Wealth Management – Real Estate

Deutsche Asset & Wealth Management’s real estate investment business 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, USD 51.1 billion in assets under management as of June 30, 2015, and offers a diverse range of strategies and solutions across the risk and 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, please go to www.deutscherealestate.com.

An investment in real estate involves a high degree of risk, including possible loss of principal amount invested, and is suitable only for sophisticated investors who can bear such losses.

Deutsche Asset & Wealth Management

With USD 1.22 trillion of assets under management (as of September 30, 2015), 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.

¹ Deutsche Asset & Wealth Management is the brand name of the Asset Management and Wealth Management division of the Deutsche Bank Group. The legal entities offering products or services under the Deutsche Asset & Wealth Management brand are listed in contracts, sales materials and other product information documents.

© 2015 Deutsche Asset & Wealth Management. All rights reserved. 045290_1.0

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