Management, brokerage and administration of real estate as well as provision of related consulting services, in particular the management and administration of facilities for assisted living and the organization of seminars, workshops and training courses for professional training in the fields of real estate and housing, among other things in cooperation with other educational institutions; may establish branches and subsidiaries, participate in other companies, acquire similar or related companies, take over patents, licenses and representations, acquire, encumber, manage and sell properties, arrange financing on its own account or on behalf of third parties, and provide guarantees and sureties for subsidiaries and third parties.