Fair Value REIT-AG announced that Supervisory Board member Wolfgang Sauerborn gave due notice on December 23, 2014 to step down from his position as member of the Supervisory Board for personal reasons effective as of January 31, 2015. Munich Local Court informed the company that it has granted the appointment of Rolf Elgeti as a member of the Supervisory Board effective as of February 1, 2015 on the company's request.