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Why the RREEF Sale Fizzled Out

NEW YORK CITY-Arthur Milston of Savills US talks with GlobeSt.com’s Jacqueline Hlavenka about the pricing on the deal, and why the market is “not as rosy” as before.

By Jacqueline Hlavenka | Updated on June 20, 2012

NEW YORK CITY-Now that Deutsche Bank AG and locally-based Guggenheim Partners have ended exclusive negotiations over the sale of RREEF after both parties “were unable to agree on terms for the sale of the business,” commercial real estate sources tell GlobeSt.com that several factors could have contributed to the fizzle-out, including pricing discrepancies and euro zone concerns.

“Quite simply, they could not agree on terms,” Arthur M. Milston, managing director at Savills LLC, tells GlobeSt.com following the announcement, which came on the heels of the Frankfurt-based bank’s mutual agreement with Guggenheim to pull the plug on exclusive negotiations with three other entities just one month ago: DWS Americas, the bank’s mutual fund business in the Americas; DB Advisors, its global institutional asset management business; and Deutsche Insurance Asset Management, the global insurance asset management business. 

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