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Fair Value REIT replaces outgoing CFO

Stefan Herb is set to become Fair Value REIT-AG's CFO, succeeding Patrick Kaiser.

The supervisory board of the German commercial property company appointed Herb as an additional member of the management board, effective March 1.

Herb has served as head of corporate management/treasury at DEMIRE Deutsche Mittelstand Real Estate AG since October 2017.

Kaiser, who was originally slated to step down April 30, resigned ahead of schedule Feb. 28.