EfTEN CapitalEfTEN Capital

EfTEN Real Estate Fund III


EfTEN Real Estate Fund III AS webpage: http://eref.ee/

EfTEN Real Estate Fund III AS is a public closed alternative investment fund, which invests in cash flow generating commercial properties in Baltic states. The fund has a value added and opportunistic investment strategy. The fund is primarily aimed at retail investors.

EfTEN Real Estate Fund III AS invests in the Baltic States.


Investment Segments

  • office premises
  • commercial premises
  • warehouse and production premises
  • hotels
  • aged care home


The decrease in Fund’s NAV (Net Asset Value) on April every year is the result of profit distribution of previous year. Additionally there may be increased volatility on June and December, whereas the valuations of Fund’s investment properties are carried out.


Supervisory Board

  • Arti Arakas (chairman)
  • Olav Miil
  • Siive Penu
  • Sander Rebane

Management Board

Viimased uudised