The company's purpose is to acquire and rent out apartments, in particular holiday apartments and houses, to provide caretaking and management services, as well as to render all related services both domestically and abroad. Transactions subject to authorization under the Cartel Act are excluded. The company may acquire, encumber, rent, manage, and sell real estate both domestically and abroad. It may also arrange and broker financing for its own account or for third-party account, as well as provide guarantees and sureties for its subsidiaries and third parties. The company may establish branches and subsidiaries both domestically and abroad, and participate in other companies that are directly or indirectly related to its purpose.