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DEMIRE CEO to assume same role at Fair Value REIT

Fair Value REIT-AG appointed Ralf Kind, CEO of the real estate investment trust's majority shareholder, DEMIRE Deutsche Mittelstand Real Estate AG, as CEO and member of its management board.

Additionally, Frank Hölzle and Thomas Wetzel were elected chairman and vice chairman of its supervisory board, respectively. Their respective predecessors are Rolf Elgeti and Markus Drews, whose resignations became effective Nov. 30.

Munich Local Court had appointed Wetzel and Daniel Zimmer as supervisory board members, with effect from Dec. 1.