NEW YORK -- (Business Wire)

Deutsche Asset & Wealth Management’s (Deutsche AWM) Alternatives and Real Assets (ARA) business today announced that it has acquired One Powell in San Francisco, CA, on behalf of one of its real estate investment funds.

Originally built in 1921, the Class-A retail location comprises 39,108 square-feet and is currently 100% leased. The iconic property is located at the intersection of Powell and Market Streets and services San Francisco’s major employment and tourist destinations of Union Square, Mid-Market, SoMa, and the Financial District.

“One Powell is a best-in-class, high-street retail property situated at the gateway of San Francisco’s most powerful desired retail corridor,” said Todd Henderson, Head of Real Estate in the Americas for ARA. “The iconic location and high caliber in-place tenants should provide the fund with a consistently strong income stream for years to come.”

Deutsche Asset & Wealth Management – Real Estate

Deutsche Asset & Wealth Management’s real estate investment business has been investing in real estate assets for more than 40 years. As part of the Alternatives and Real Assets platform, this business today has more than 450 employees around the world, USD 51.1 billion in assets under management as of June 30, 2015, and offers a diverse range of strategies and solutions across the risk and return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans and private clients worldwide. To learn more about Deutsche Asset & Wealth Management’s real estate investment capabilities, please go to www.deutscherealestate.com.

An investment in real estate involves a high degree of risk, including possible loss of principal amount invested, and is suitable only for sophisticated investors who can bear such losses.

Deutsche Asset & Wealth Management

With USD 1.22 trillion of assets under management (as of September 30, 2015), Deutsche Asset & Wealth Management¹ is one of the world's leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.

¹ Deutsche Asset & Wealth Management is the brand name of the Asset Management and Wealth Management division of the Deutsche Bank Group. The legal entities offering products or services under the Deutsche Asset & Wealth Management brand are listed in contracts, sales materials and other product information documents.

© 2015 Deutsche Asset & Wealth Management. All rights reserved. 045319_1.0

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Contacts:

Deutsche Bank AG
Press & Media Relations
Catherine Wooters, +1-212-250-2790
catherine.wooters@db.com

Source: Deutsche Asset & Wealth Management