Fair Value REIT-AG CFO Patrick Kaiser will step down to take on new tasks, effective April 30.

As DEMIRE Deutsche Mittelstand Real Estate AG's commercial manager since 2015, Kaiser oversaw the company's finance department and assumed the role of CFO as well as management board member at Fair Value on Nov. 1, 2016, after the former acquired the diversified real estate investment trust.

Kaiser, who is also managing director of DEMIRE Immobilien Management GmbH, was designated CEO of Fair Value from April 1, 2017, to Dec. 4, 2017.