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 favors 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
Founded in 1986, Third Avenue Management is a New York City-based asset manager that utilizes a disciplined, value-oriented, and asset-based approach to investing in publicly traded securities.
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.
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.