The article examines how institutional investors in Germany invest in real estate. It looks at their investment behavior, criteria, and the volume of investments. German investors are shifting from owning real estate directly to investing indirectly. They are considering new forms of investment like securities and funds. The study also discusses the potential introduction of real estate investment trusts in Germany. It explores different markets, risk objectives, and preferred strategies for future real estate investments. Valuation methods for real estate assets are important, and the study concludes with future trends in institutional real estate investments.