Shareholder Letters & Value Insights


 

Q2 2017 Third Avenue Real Estate Value Letter

Dear Fellow Shareholders: JUNE 30, 2017 We are pleased to provide you with the Third Avenue Real Estate Value Fund’s (the “Fund”) report for the quarter ended June 30, 2017¹. Through the end of the period, the Fund has generated a year-to-date return of +10.34% (after...

Protected: rates

Positioning Real Estate for Rising Interest Rates Real estate, like all other asset classes, can fluctuate from political policy changes and interest rate movements.  As deep value investors, we welcome the short term volatility created by market uncertainty as this...

Q4 – Dec 31 2016 – Real Estate Value Letter

Dear Fellow Shareholders: We are pleased to provide you with the Third Avenue Real Estate Value Fund’s (the “Fund”) report for the quarter ended December 31, 2016. This quarter marks an abbreviated period as the Third Avenue Funds have elected to circulate our...

Q4 – Dec 31 2016 – International Value Letter

Dear Fellow Shareholders: With this investment letter, Third Avenue Management, including the Third Avenue International Value Fund, transitions to a calendar quarter shareholder letter schedule. We make this change in order to align more closely with interested...

Q4 – Dec 31 2016 – Value Letter

Dear Fellow Shareholders: Carpe Diem, Patiently We believe one of the greatest differentiators of our investment philosophy is how we think about time. Time is a precious commodity and we are all familiar with the popular colloquialisms such as “Carpe Diem”, “Time is...

Q4 – Dec 31 2016 – Small-Cap Value Letter

Dear Fellow Shareholders: When we wrote to you two short months ago, we reiterated some of our commentary from our 2016 Value Equity Conference where we said that the high level of neglect in the Small Cap space offered a consistent flow of potential investment...

Q4 Value Letter

Dear Fellow Shareholders: We hosted Third Avenue’s 19th annual Value Conference in November. We were thrilled to see and speak to many of you at the conference, and for those of you who were unable to attend, we thought it might be interesting/instructive to share...

Q4 Small-Cap Letter

Dear Fellow Shareholders: On November 10th, we were excited to host Third Avenue’s 19th Annual Value Equity Conference. It was a pleasure to see and speak with all of you that attended. As we reflect on the quarter and the conference, we want to share some thoughts...

Q4 Real Estate Value Letter

Dear Fellow Shareholders: We are pleased to provide you with the Third Avenue Real Estate Value Fund’s (the “Fund”) report for the quarter ended October 31, 2016. Portfolio Activity Nearly four years ago, Fund Management set out to reposition the Third Avenue Real...

Clients and Shareholders

Contact your Relationship Manager
at clientservice@thirdave.com
or call the Client Service desk at 212-906-1160

For Shareholder Services via BNY
Call 1-800-443-1020 or CLICK HERE to login to your BNY Account

Press & Media Inquiries

Dan Gagnier
Gagnier Communications
646-342-8087
dg@gagnierfc.com