Bulgarian Real Estate Fund (BREF) is a close-ended real estate investment vehicle, headquartered in the capital of Bulgaria - Sofia. Incorporated in October 2004, it is among the first established Bulgarian REITs. As a real estate investment trust, BREF specializes in strategic property acquisitions and invests exclusively in high-performing real estates, in all property sectors across Bulgaria. Today, BREF is among the largest REITs in Bulgaria in terms of assets and market capitalization and holds an excellent reputation among local banks, property owners and the investment community, a sure sign for its experienced management and publicly approved results.