Apollo European Principal Finance Fund III (Master Dollar B), L.P., Apollo European Principal Finance Fund III (Dollar A), L.P., and Apollo European Principal Finance Fund III (Master Euro B), L.P. managed by Apollo Capital Management, L.P. offered to acquire 22.9% stake in Fair Value REIT-AG (DB:FVI) for €26.7 million on February 26, 2018. Under the terms of the offer, the offerors will pay €8.28 per share. The offerors intends to revoke the listing of Fair Value REIT-AG and intend to maintain the REIT status of Fair value REIT. Subsidiaries of DEMIRE Deutsche Mittelstand Real Estate AG (XTRA:DMRE) holding shares in Fair Value REIT-AG have entered into a non-tender agreement with Apollo Global Management, in which they undertake not to accept, in full or in part, the offer with respect to the shares of Fair Value REIT-AG that they hold, which in total corresponds to 77.7% of the outstanding shares of Fair Value REIT-AG. Following the offer, Apollo Global Management intends to contribute shares of Fair Value REIT-AG tendered into DEMIRE Deutsche Mittelstand Real Estate AG in exchange for shares of DEMIRE Deutsche Mittelstand Real Estate AG. ODDO BHF Aktiengesellschaft has confirnmed that the buyer has sufficient financial resources to complete the offer. The offer is not subject to any conditions. German Fedral Financial Supervisory authority approved the publication of offer document on April 13, 2018. The Board of Fair Value REIT is of the neutral opinion on the offer. The offer will end on May 14, 2018. The extended acceptance period will start on DEMIRE Deutsche Mittelstand Real Estate AG supports the offer. Dirk Pahlke, Hannes Mungenast and Robert Waddingham of Rothschild GmbH acted as fairness opinion provider to the Management Board of Fair Value REIT. Apollo European Principal Finance Fund III (Master Dollar B), L.P., Apollo European Principal Finance Fund III (Dollar A), L.P., and Apollo European Principal Finance Fund III (Master Euro B), L.P. managed by Apollo Capital Management, L.P. completed the acquisition of 1.7% stake in Fair Value REIT-AG (DB:FVI) for €2 million on May 31, 2018. A total of 0.24 million shares are accepted in the offer.