Altera offers investment products in Dutch property which are tailored to the needs and requirements of institutional investors through a structure of integrated management with letter shares in each sector. This means, among other things: • a structure with the advantages of unlisted indirect property and the risk/return characteristics of direct property; • targeted participation in specific sector portfolios (freedom of allocation); • flexibility of entries and exits; • no structural financing with loan capital; • active asset management; • no in-company project development activities; • a multi-criterion investment objective; • transparency in policy, processes and accountability; • application of best practices and a high level of compliance; • cost-efficiency (low management costs); • investment based on a research-driven strategy; • optimal implementation of measures to promote sustainability; • independence, no conflicts of interest and a strong emphasis on compliance; • customer-oriented servicing and marketing. We aim for growth in assets under management for the benefit of existing and prospective shareholders; this also helps to improve the risk/return characteristics.