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Long Years of Experience – The History of KanAm

2017

SachsenFonds becomes EURAMCO. EURAMCO stands for European Asset Management Company and expresses its growing commitment in international markets.

2016

KanAm sells the HighLight Towers in Munich.

2015

KanAm Grund and KanAm Grund Institutional were lincensed by the German Federal Financial Supervisory Authority (BaFin) as domestic management companies and have expanded into closed end investment funds. KanAm Grund REAM providesasses management services surrounding real estate.

2014

KanAm Grund launched the first open ended real estate fund of a new generation under the rules of the Kapitalanlagegesetzbuch (KAGB - Capital Investment Code).

KanAm increases the distribution for the closed end KanAm US funds again.

SachsenFonds were lincensed by the German Federal Financial Supervisory Authority (BaFin) as a domestic management company in Germany an can offer closed end AIF and special AIF to private and institutional investors.

2013

With the LEADING CITIES INVEST KanAm Grund launched the first open ended real estate fund of a new generation under the rules of the Kapitalanlagegesetzbuch (KAGB - Capital Investment Code).

2012

KanAm grundinvest Fonds is to be liquidated and the proceeds paid out to investors soonest possible. The notice of termination ensures that all investors in KanAm grundinvest Fonds will be treated equally.

The closed-end KanAm US funds distribute a total of around 45 million US dollars. In addition to the regular annual dividends of about 13.5 million US dollars this is made possible by a special dividend in two funds totaling 31.4 million US dollars.

2010

KanAm US-grundinvest Fonds, the first open-ended real estate fund in US dollars to be authorized in Germany, is to be liquidated and paid out to investors. With the dissolution of the fund the management follows the wishes of the majority of investors.

Due to the global banking and financial crisis and as a result of the collapse of Lehman Brothers, different banks take over the Meadowlands Xanadu project of various KanAm US funds, Dune Capital Management and Colony Capital.

2008

The KanAm group is an independant provider of investment in real estate for 30 years.

2007

In December 2007 the KanAm Group expanded to include SachsenFonds, based in Aschheim-Dornach near Munich, as a result of acquiring a majority interest.

2006

Sale of the joint venture interest in the Investment Building. Investors posted an average pre-tax return on their investment of about 34 percent p.a. for a holding period of four years

Sale of the joint venture interest in the Wachovia Financial Center. Investors posted an average pre-tax return on their investment of about 12.9 percent p.a. for a holding period of three years

2005

KanAm Grund Spezialfondsgesellschaft mbH, Frankfurt, Germany, launched its first open-ended real estate fund especially for institutional investors - KanAm SPEZIAL grundinvest Fonds

2004

Dissolution of the closed-end Mills funds KanAm USA IV, KanAm USA XI, KanAm USA XIII and partial dissolution of KanAm USA XII and distribution of 145 million US dollars to the participating investors. Investors of the closed-end Mills funds KanAm USA IV, KanAm USA XI, KanAm USA XIII posted an average return on their investment of 14.05 percent p.a., investors of KanAm USA XII posted an intermediate result on their investment of 8.30 percent p.a.

Sale of Commonwealth Tower (Washington/Rosslyn) on behalf of KanAm grundinvest Fonds, generating a return on investment in excess of 20 percent since acqusition in 2002

Sale of a 50% joint-venture interest in the super regional US Shopping Mall Ontario Mills, Los Angeles/California on the open market. The closed-end Mills funds KanAm USA XIV and XXI formerly invested in Ontario Mills. Investors posted a return on their investment between 8.6 and 27.6 percent p.a.

2003

Dissolution of the closed-end Mills funds KanAm USA III, KanAm USA V and KanAm USA VI and distribution of 90 million US dollars to the participating investors. Investors in these funds posted an average return on their investment of 18.7 percent p.a.

Launch of KanAm US-grundinvest Fonds, the first open-ended real estate fund in US dollars to be authorized in Germany

Sale of closed-end Mills funds KanAm USA VII to KanAm USA X and distribution of 160 million US dollars to the participating investors. Investors in these funds posted an average return on their investment of 10.3 percent p.a.

Formation of KanAm Grund Spezialfondsgesellschaft mbH, Frankfurt,/Main, Germany, and its authorization by German Federal banking Authority (BaFin) to conduct investment business

2002

The open-ended real estate fund KanAm grundinvest Fonds achieves a performance of 7.3 percent and is ranked first in the statistics published by the BVI (German investment management association)

Two closed-end office funds launched with WestWind Capital Partners: "The Investment Building" in Washington, D.C., and "Wachovia Financial Center" in Miami

2001

Launch of KanAm grundinvest Fonds, the first non-bank, independent open-ended real estate fund in Germany

2000

Formation of KanAm Grund Kapitalanlagegesellschaft mbH, Frankfurt/Main, Germany

Formation of Westwind Capital Partners

Construction work starts on HighLight Towers/Parkstadt Schwabing high-rise complex, architect: Helmut Jahn

1997

Sale of KanAm Deutschland Fund V and KanAm Deutschland Fund VI with total returns after tax of 271 and 239 percent respectively, representing a return after tax of 14.3 and 12.7 percent p.a.

1996

Sale of KanAm Deutschland Fund IV with total returns after tax of 239 percent, representing a return after tax of 12.7 percent p.a.

1994

Mills Corporation goes public (NYSE) as a Real Estate Investment Trust (REIT), KanAm is founding stockholder and holds the largest individual stake

Sale of first three KanAm Deutschland Funds with total returns after tax of 271 to 314 percent, representing profits after tax of 15.5 to 21.4 percent p.a.

1990

Investment volume reaches 1 billion D-marks

1989

Sale of second KanAm US Fund with total returns after tax of 342 percent, representing a return after tax of 26.9 percent p.a.

1985

Sale of first KanAm US Fund with total returns after tax of 322 percent, representing a return after tax of 44.4 percent p.a.

1984

Launch of first closed-end KanAm Shopping Mall Fund in the US as a joint venture with Mills' predecessor, Western Development

1983

Launch of first closed-end KanAm Deutschland Fund

1978

Launch of first closed-end KanAm US Fund