Fair Value REIT-AG announced that the Supervisory Board appointed Mr. Ralf Kind to the Management Board and as chief executive officer, joining the previous Management Board member Mr. Patrick Kaiser. Mr. Kind is also a member of the Management Board and the CEO of DEMIRE Deutsche Mittelstand Real Estate AG, the Company's majority shareholder. The company also elected Mr. Frank Holzle the new chairman and Dr. Thomas Wetzel the new vice chairman of the Supervisory Board.

The election became necessary after the previous chairman of the Supervisory Board, Mr. Rolf Elgeti, and the previous vice chairman of the Supervisory Board, Mr. Markus Drews, had both resigned their posts as members of the Supervisory Board effective at the end of 30 November 2017, and Dr. Thomas Wetzel and Mr. Daniel Zimmer had been appointed as new members of the Supervisory Board of Fair Value REIT-AG by Munich Local Court effective 1 December 2017 based on an application filed by the Company.