Third Avenue Management 149 Followers

Summary

Valuations seemed much more favorable for international property companies, particularly in comparison to some of the larger U.S. companies involved with senior housing and data centers.

Along these lines, the Fund initiated positions in the common stock of Scentre Group and Home Depot during the quarter.

Third Avenue Real Estate Value Fund trimmed back WESCO and Freddie Mac preferred, exited D.R. Horton, and extended its British Pound and Hong Kong Dollar hedges for portfolio management purposes.

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The following segment was excerpted from Third Avenue Real Estate Value Fund Q3 2026 Letter.

Activity

During the quarter, Third Avenue's real estate team participated in several industry events, with one clear message resonating throughout: a widening

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Third Avenue Management 149 Followers

Third Avenue Management is a New York City-based asset manager founded in 1986 that utilizes a disciplined,…