The EfTEN Real Estate Fund (EREF), managed by EfTEN Capital – the largest property fund management company in the Baltic States – is iAn investment in Baltic property that offers diversified income, conservative financial leverage and a track record of dividend payments underpinned by long-term performance. The Fund, which is listed on the stock exchange, manages a diversified property portfolio in the Baltic states, which comprises 37 properties across various sectors – shopping centres, office buildings, care homes, and logistics and manufacturing facilities. The portfolio’s occupancy rate stands at 98 %. The fund It has paid dividends to investors every year (for eight consecutive years) – in 2026, the yield stood at 6.3 %.
EUR 399 million
37
commercial (non-residential)
Baltic countries
6.3 % (2026)
8 % (Q3 2026)
97.7 % (Q3 2026)
2015
Open, listed
Indefinite
Informed investors
EfTEN Capital
X
X
15+ years of experience in communications and marketing in a variety of sectors - over 10 years in property development, retail and public sector - public transport and aviation. Vitalija has worked as a CMO, developed more than 20 award-winning real estate and other brands, as well as managed communications for TOP3 organisations in the real estate sector (EIKA Group) and public sector (Lithuanian Airports).
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20+ years of experience in real estate investment management - Alfred has held senior positions managing significant portfolios across multiple asset classes. As an investment manager at Zabolis Partners, he was responsible for the management of a retail and logistics portfolio in Lithuania worth more than EUR 300 million. Later, as CFO and CIO at SBA Urban, he oversaw the financial management of an office and mixed-use portfolio of more than EUR 150 million in the Baltics.
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20+ years of experience in real estate development, management and real estate investment in various management positions in EIKA Group. Viktorija spent 8 years as Managing Director and Member of the Board at Eika Asset Management, a regulated fund management company, from start-up to one of the leading companies in Lithuania with over EUR 200 million in assets under management (AUM). Her professional experience includes real estate acquisitions and development projects in Lithuania, Latvia, Poland, Slovakia and Germany; structuring in Lithuania, Poland or Luxembourg; advising on financing issues for projects such as the Rūdnininkai Military Campus.
Viktorija is an independent board member of a family office, the winner of the investment game „When Money is Sleeping”, a member of the association „Leader”, an active conference moderator and participant.
Investment Adviser Qualification Certification No 10270
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