Third Avenue Real Estate Value Fund (TAREX)
Product Overview
Third Avenue’s Real Estate Value Fund invests in the securities of a select-set of real estate and real estate-related businesses in developed markets.
Key Differentiators:
- Total Return Focus: Third Avenue focuses on total return and favor capital appreciation over current income.
- Expansive Real Estate Universe: Third Avenue invests in a wider-set of businesses with exposure to Commercial, Residential and Real Estate Services.
- Long-Term Value-Oriented Holdings: Third Avenue targets securities trading at discounts to Net Asset Value issued by enterprises that are well-capitalized, well-managed, with prospects to compound over time.
- High Active Share: The portfolio is concentrated around a select-set of securities (30-40 positions), as well as tactically holds cash, treasuries, and implements other hedges.
- Tenured Managers: The Fund is managed by an experienced Portfolio Management team that implements a repeatable process with personal capital invested in the strategy.
OBJECTIVE
Third Avenue Real Estate Value Fund seeks long-term capital appreciation.
Share Classes Available (Tickers)
INSTITUTIONAL (TAREX) | INVESTOR (TVRVX) | Z CLASS (TARZX)
Product Material
Firm Overview
Rooted in our founder Marty Whitman’s time-tested philosophy, Third Avenue adheres to a value approach when evaluating commercial enterprises and the securities they issue. The key investment pillars across the Firm’s strategies include:
Third Avenue offers multiple investment solutions focused on the team’s highest-conviction ideas, an approach that leads to high Active Share across our portfolios.
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The fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 800-443-1021 or visiting www.thirdave.com. Read it carefully before investing.
Distributor of Third Avenue Funds: Foreside Fund Services, LLC.
FLX Networks is a Promoter, as defined by the Marketing Rule – Rule 206(4)-1 under the U.S. Investment Advisers Act of 1940, of the investment products contained herein. For such promotion, FLX Networks is compensated between 5% and 50% (annualized) of the net management fee of the respective investment products on assets raised/serviced by FLX Networks. FLX Networks is not a client of any of the investment advisers promoted herein.